One Sun declaration: Six-point global framework
• Investing in solar, wind, storage and other renewable energy generation for supporting a global grid
• Building long-distance cross-border transmission lines to connect generators and demand centres
• Developing and deploying technologies to modernize power systems
• Supporting transition to zero-emission vehicles through incorporating EVS
• Attracting investment into solar mini-grids and off-grid systems to help vulnerable communities
• Developing innovative financial instruments, market structures, and facilitate financial and technical assistance
India has been the key driver of a transnational electricity grid that plans to enable free flow of renewable power among countries. The idea is based on the concept that the sun never sets and it is possible that one part of the world uses nighttime power that is being generated elsewhere in the daytime. This was the thinking behind the One Sun Declaration by the International Solar Alliance (ISA) along with the UK COP26 presidency last week. It aims to promote the cross-border flow of green energy through an exclusive network of large generators, decentralized energy systems, storage, and transmission and distribution systems. This means not only combining ISA's One Sun One World One Grid (OSOWOG) and the UK's Green Grid Initiative but also creating a world of electricity networks that will run parallel to conventional power.
This story is from the November 10, 2021 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 10, 2021 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
IndiGo stock takes off on rating upgrade
Elara Capital gives 'buy' rating after IndiGo's highest-ever traffic in November
Wait for NAV, price on exchange to converge before investing
Indian investors seeking to diversify their portfolios through overseas exchange-traded funds (ETFs) are paying a premium.
Multiple triggers for Vedanta stock
Vedanta’s stock is experiencing multiple positive triggers, primarily driven by favorable aluminium and zinc price trends. The company's demerger plans, while modified, are expected to unlock value and improve capital allocation. Key projects coming online in the next 12-18 months, including alumina refinery expansion and captive mines, are poised to significantly boost earnings.
Markets settle flat in muted trade
Benchmark indices Sensex and Nifty ended flat in listless trading on Thursday amid a lack of near-term triggers and unabated foreign fund outflows.
India Third-Best Performing Major Market in 2024
The domestic market capitalization has soared 18.4 percent to $5.18 trillion in 2024, adding $806 billion.
MP High Court stays Burmans' Religare open offer
In a strange turn of events, the Madhya Pradesh High Court's Jabalpur Bench has stayed the Burman family's open offer to acquire an additional 26 per cent stake in Religare Enterprises, and the company's annual general body meeting.
IPO Mopup Likely to Top ₹2 Trillion Mark Next Year
Fund mobilisation through initial public offerings (IPOs) will continue to rise in 2025 and the total amount is expected to breach the ₹2 trillion mark, investment banking firm Pantomath Group estimates.
Derivatives volume drops 37%
Stricter trading norms help cool off speculative activity in December so far
Indian crypto investors ride Bitcoin, altcoin wave
The majority of crypto investors in the country have invested in mainstream virtual digital assets (VDAs) such as Bitcoins, altcoins like Dogecoin, Shiba Inu, and Ethereum, followed by non-fungible tokens (NFTs) and stablecoins, a compilation of year-end reports of crypto majors CoinDCX and CoinSwitch revealed.
28% OF LS SEATS HAD NO WOMAN CANDIDATE IN 2024
The Election Commission of India on Thursday released 42 statistical reports for the Lok Sabha (LS) elections 2024.