As we ease into 2024, the world stares at the threat of rapid depletion of natural resources and imminent climate change impacting the ecosystem. Global average temperatures crept above pre-industrial levels (+1.8°C), and greenhouse gas emissions reached a new high (57.4 GtCO2e in the previous recorded year). This ongoing phenomenon has brought the world together to phase down fossil fuel usage for a sustainable future.
Throughout the past year, the nation has experienced a series of pivotal developments in the energy sector ecosystem, marked by strategic collaborations, impactful policy announcements, and the attainment of significant milestones.
Noteworthy alliances include a ground breaking partnership with the United States to advance clean energy initiatives, a mutually beneficial collaboration with Saudi Arabia on renewable energy investment (green hydrogen and electrical interconnection) and a Memorandum of Understanding (MoU) with the United Arab Emirates, which emphasise increased investment and cooperation across diverse sectors, particularly in the realm of clean energy technology.
Momentous strides have been taken on the policy landscape towards achieving the target of 500 GW of renewables by 2030. These range from producing and utilising green hydrogen to advocating mandatory battery energy storage at renewable projects with the launch of the Viability Gap Fund.
Denne historien er fra February 2024-utgaven av Outlook Business.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra February 2024-utgaven av Outlook Business.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
SHANKAR PRASAD
C'EST LA VIE - MY FAVOURITE
Star Plus
Actor Keerthy Suresh's talents extend far beyond the silver screen. In a chat with Prachi Khanna, she talks about her growing interest in the world of investments - from real estate to tech to co-owning a cricket team
Shelter From the Storm
Taking care of 500-plus homeless was only the first of the challenges; the 24-year-old social worker has done more since
Saying No to Jugaad
In India, people often rely on a quick-fix approach to manage the daily challenges of taking insulin shots. But a Gen-Z innovator has other ideas
Green Skills Champion
An unexpected career choice was the beginning of efforts to demystify the conversation around climate change and raise awareness
Force of Change
An educator's journey that started in the municipal schools of Andheri West is helping bridge the learning gap among young students
An Appetite for Health
The 'food pharmer' has taken on some of the biggest names in the FMCG sector. His mission: to get consumers to read product labels
More Than Medals
India's success at the Paris Paralympics can inspire a new era of inclusivity
Checkmate
A new generation of chess elite, backed by early mentorship and building on the wins of the previous generation, is cementing India's place at the top
On A Strong Wicket
Team India has had a mixed month but a good year. This was the year Rohit Sharma and his boys brought the T20 World Cup back home
