Mon, May 1, 2017 | updated 12:04 AM IST

International body pats India for its transition to combat climate change

Updated: Nov 10, 2016 18:43 IST      
International body pats India for its transition to combat climate change

Marrakech (Morocco), Nov.10 (ANI): India's growth story in renewable energy sector is being monitored globally and organisations are confident that India will exceed its National Determined Contribution (NDC) targets.

International bodies feel that the rapid growth in renewable energy, combined with sustained reduction in coal imports and increasing challenges to the viability of new coal-fire power plant construction - with ultra mega coal projects cancelled, gives an indication of the transformation that is beginning in India.

"With every sign that China is now beginning to reduce its coal and carbon dioxide emission, developments in India are amongst the most important underway globally", said Bill Hare, CEO of Climate Analytics and senior scientist.

Climate Analytics is a non-profit organisation based in Berlin, Germany, with offices in Lome, Togo and New York, USA, that brings together inter-disciplinary expertise in the scientific and policy aspects of climate change.

International organisations at COP22 says that one year after the adoption of the Paris Agreement, national climate policies have made little progress, and the road ahead looks even less clear after the results of the US presidents elections.

Climate Action Tracker (CAT) estimates that if governments were to fully implement their NDC global warming in 2100 of 2.8 degree Celsius above pre-industrial would result i.e there is a likely chance of holding warming below 3.1 degree Celsius.

CAT analysis found that developments in India were among the most important underway globally.

"India could have been expected to increase its coal fired power use for decades. However, there appears to be a transition underway with an extremely rapid growth in renewable energy installations, which has begun to displace planned coal at a scale that has surprised many analysts", said Prof Niklas Hohne, of New Climate Institute.

India's ambitious targets of increasing renewable energy capacity to 175 GW by 2022, with nearly 58% expected to be generated from solar energy.

By 2022, India is expected to generate 175 GW of power via renewable sources, out of which 100 GW will be from solar energy, 60 GW from wind energy, 10 GW from bio energy and 5 GW from small hydro power projects. And out of the 100 GW of solar energy, it is anticipated that 40 GW will be generated via rooftop solar installations, 30 GW from Solar Parks and the rest 30 GW from other government/state and private schemes.

As of December 2015, India's total installed capacity based on renewable energy was 37,415 MW. This is about 13% of the total installed capacity for power generation in the country.

India has been heavily dependent on coal - 61% of the total installed capacity for energy needs. In June this year, the total installed capacity of renewable energy in India was 48,850 MW (out of which wind power contributed to about 50%), surpassing that of hydel power, making it the second largest contributor to power generation in India.

"India is already set to overachieve its emissions intensity target. The likely continued expansion of renewables after 2022, for which no targets have yet been set, would result in India overshooting its 2030 non-fossil capacity target", Hohne added.

Analysts feel that India's Paris Agreement NDC commitment is weaker than actions resulting from current policies. Neither the NDC nor current policies are ambitious enough to limit warming to below 2 degree Celsius, let alone the Paris Agreement's stronger 1.5 degree Celsius limit, unless other countries make much deeper reduction and comparably greater effort. (ANI)

New Delhi [India], Apr 30 (ANI): In the wake of the ongoing challenges faced by the Indian IT and other sector from protectionism in the United States and Artificial Intelligence (AI), an ASSOCHAM-PwC study revealed that the solution to this lies in facing the issue upfront and skilling up the country`s human resource.

Full Story >>

New Delhi [India], Apr 29 (ANI): Union Finance Minister Arun Jaitley on Saturday said that the penalising powers of the Enforcement Directorate (ED) should be used expeditiously in cases of non- compliance.

Full Story >>

NITI Aayog rules out taxing agricultural income

Updated: Apr 29, 2017 15:54 IST     

Hyderabad (Telangana) [India], Apr 29 (ANI): Rubbishing claims of taxes being levied on agricultural income, NITI Aayog Vice Chairman Arvind Panagariya stated that there has been no such proposal put forth by the chamber.

Full Story >>

New Delhi [India], Apr 29 (ANI-BusinessWireIndia): The latest version of U-Dictionary Android app (v 2.6.1) now allows you to just Copy an English Word in a WhatsApp message and instantly get the meaning in your native language via Tap to Translate feature.

Full Story >>

New Delhi [India], Apr 29 (ANI-NewsVoir): 96 percent of organizations have Digital Transformation initiatives on their roadmap and more than half of those initiatives are in process now. There is obviously a huge appetite across enterprises to utilize innovation for competitive advantage and this places a huge burden on businesses to deliver access to services, data and apps, at any time and from anywhere 24.7.365.

Full Story >>

New Delhi [India], Apr 29 (ANI): The Ministry of Corporate Affairs (MCA) on Saturday sent notices to around two lakh inoperative companies ordering them to terminate operations and de-register themselves from the MCA.

Full Story >>

Time for India to be tax-compliant: Jaitley

Updated: Apr 29, 2017 13:06 IST     

New Delhi [India], Apr 29 (ANI): Introspecting the non-compliance of tax havens with currency and fiscal reforms, Union Finance Minister Arun Jaitley on Saturday asserted that it is important for the Indian economy to move from a non-compliant to a highly-compliant state.

Full Story >>

Join the Breathefree movement and #SAVEYOURLUNGS

Updated: Apr 29, 2017 11:53 IST     

New Delhi [India], Apr 29 (ANI-BusinessWireIndia): Our choice of living has made us vulnerable to many lifestyle diseases. Smoking, no physical activity, food preferences and environmental factors like dust storm and pollution are making our lungs weak.

Full Story >>

New Delhi [India], Apr 29 (ANI-BusinessWireIndia): Arch Academy of Design as a host partner institution in India with support of the Government of Rajasthan hosted an International Cultural Governance Workshop at Zorba, The Buddha, Ghitorni Delhi with collaboration of European Network on Cultural Management and Policy, Creative Europe, The Creative Enterprise Programme of the European Union, The University of Antwerp and The University of the Arts, London.

Full Story >>

New Delhi [India], Apr 29 (ANI-NewsVoir): OnePlus, a global mobile technology startup on Friday hosted the first edition of TEDxBangaloreSalon for 2017 - an initiative aimed at inspiring innovation, sparking discussion and promoting knowledge sharing.

Full Story >>

Direct Create to add 1000 makers to the platform

Updated: Apr 29, 2017 09:17 IST     

New Delhi [India], Apr 29 (ANI): Direct Create, a collaboration-based community platform built to rapidly scale the handmade sector on Friday announced its plans to bring in an additional 1000 makers along with a count of over 200 designers in the coming quarter.

Full Story >>

Amazon, Rocking Deals collaborate to sell refurbished phones

Updated: Apr 29, 2017 09:06 IST     

New Delhi [India], Apr 29 (ANI): E-commerce platform Amazon on Friday announced its partnership with Rocking Deals for the sale of refurbished phones within its 'seller warranty.'

Full Story >>

New Delhi [India], Apr 29 (ANI): Mobile and desktop advertising network AppsDiscover Technologies Pvt. Ltd on Friday announced the appointment of Muhammad Jumhari as the Country Head-Indonesia.

Full Story >>

CBDT inks two APAs with taxpayers

Updated: Apr 28, 2017 20:28 IST     

New Delhi [India], Apr.28 (ANI): The Central Board of Direct Taxes (CBDT) has signed two Unilateral Advance Pricing Agreements (APAs) with Indian taxpayers, strengthening the government's commitment to fostering a non-adversarial tax regime

Full Story >>

UK Iridium brings best of world to Kandivali

Updated: Apr 28, 2017 19:58 IST     

Mumbai [India], Apr 28 (ANI-Businesswire India):At a time when homes in Mumbai are getting more and more unaffordable, comes a breath of fresh air. Right in the heart of this bustling city, is an oasis of peace and comfort. Luxurious homes that are grand like your dreams, and well priced to suit your pockets! UK Iridium, a magnificent dream by UK Realty, brings you a 3.5 acres property that you can now call home!

Full Story >>

New Delhi [India], Apr 28 (ANI-NewsVoir): Department of Public Enterprises, Ministry of Heavy Industries and Public Enterprises, Government of India, in collaboration with PHD Chamber and ONGC is organising a mega CSR Fair and Thematic Conferences from 4th to 6th May, 2017 at Pragati Maidan, New Delhi.

Full Story >>

H1B Visa issue might trouble India, says Arvind Subramanian

Updated: Apr 28, 2017 18:37 IST     

New Delhi [India], Apr 28 (ANI): Chief Economic Advisor Arvind Subramanian on Friday expressed his concern over the H1B Visa issue, saying that if we start getting restrictions on the visa then it is going to be a problem for India.

Full Story >>

New Delhi [India], Apr 28 (ANI-NewsVoir): OTTOEDGE, a full service automotive marketing agency based in India has been assigned as the official Creative, Digital and Media agency by MAN Trucks India which is a 100 percent subsidiary of MAN Truck and Bus AG, Germany, the world's leading manufacturer of trucks and buses.

Full Story >>

New Delhi [India], Apr 28 (ANI-NewsVoir): IndianBlueBook (IBB), the industry-first 'pricing and analytics' platform for new and pre-owned vehicles in India, today released its study "Residual Value Analysis of the Luxury Car Segment in India - 2017."

Full Story >>

New Delhi [India], Apr 28 (ANI-NewsVoir): Spaces, Amsterdam-born creative workspace pioneer, has launched its first location in Gurugram. Located in Cyber City, the newly launched facility marks the company's first Indian entry.

Full Story >>