Green agenda is no longer an appendage; it is at the heart of business for India Inc. As the climate discourses of last year at the G20 and the UN climate conference in Dubai fuel the climate actions this year, a few touchpoints call for urgent attention from the global community.
Building Green Energy Ecosystems
Renewables will constitute 90 per cent of electric capacity expansion globally between 2022 and 2027, according to the International Energy Agency (IEA). India has announced that it aims to meet 50 per cent of its electricity demands from renewable energy by 2023 and achieve net zero emissions by 2070.
In 2024 alone, India could witness an 83 per cent rise in investments in renewable energy projects to nearly $16.5 billion, according to power ministry estimates. Besides solar and wind energy, India Inc. is focusing on green hydrogen. In January 2023, the cabinet approved the National Green Hydrogen Mission, sanctioning Rs 19,744 crore. In July 2023, the Solar Energy Corporation of India (SECI) announced incentives for annual production of 4,50,000 tonnes of green hydrogen and 1.5-GW electrolyser manufacturing facilities.
Twenty-one firms have bid for incentives for electrolyser manufacturing and 14 for green hydrogen production under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme. Bidders include Adani New Industries, L&T Electrolysers, Bharat Heavy Electricals and Reliance Electrolyser.
Beyond renewables, there is a need to build a solid green ecosystem across hard-to-abate sectors such as oil, gas, aluminium, steel and promote sustainable transportation to cut emissions. India Inc. has committed to it by investing in R&D and innovation.
Mainstreaming Geospatial Technology
Denne historien er fra February 11, 2024-utgaven av Outlook.
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Denne historien er fra February 11, 2024-utgaven av Outlook.
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Trump's White House 'Waapsi'
Donald Trump's victory in the US presidential election may very well mean an end to democracy in the near future
IMT Ghaziabad hosted its Annual Convocation Ceremony for the Class of 2024
Shri Suresh Narayanan, Chairman Managing Director of Nestlé India Limited, congratulated and motivated graduates at IMT Ghaziabad's Convocation 2024
Identity and 'Infiltrators'
The Jharkhand Assembly election has emerged as a high-stakes political contest, with the battle for power intensifying between key players in the state.
Beyond Deadlines
Bibek Debroy could engage with even those who were not aligned with his politics or economics
Portraying Absence
Exhibits at a group art show in Kolkata examine existence in the absence
Of Rivers, Jungles and Mountains
In Adivasi poetry, everything breathes, everything is alive and nothing is inferior to humans
Hemant Versus Himanta
Himanta Biswa Sarma brings his hate bandwagon to Jharkhand to rattle Hemant Soren’s tribal identity politics
A Smouldering Wasteland
As Jharkhand goes to the polls, people living in and around Jharia coalfield have just one request for the administration—a life free from smoke, fear and danger for their children
Search for a Narrative
By demanding a separate Sarna Code for the tribals, Hemant Soren has offered the larger issue of tribal identity before the voters
The Historic Bonhomie
While the BJP Is trying to invoke the trope of Bangladeshi infiltrators”, the ground reality paints a different picture pertaining to the historical significance of Muslim-Adivasi camaraderie
