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RENEWABLE ENERGY (INTRODUCTION: (IT CAN FULFILL 4 GOALS (ENERGY SECURITY,…
RENEWABLE ENERGY
INTRODUCTION:
IT CAN FULFILL 4 GOALS
ENERGY SECURITY
ENERGY ACCESS
DOMESTIC MANUFACTURING AND JOB CREATION
INTERNATIONAL CLIMATE COMMITMENT
INDIA'S RENEWABLE ENERGY CAPCITY BY OCT 2017 = 61 GW
33 GW WIND
15 GW SOLAR
4.5 GW SMALL HYDRO
8 GW BIOPOWER
INDIA'S TARGET 175GW BY 2022.. RE IS SET TO OVERTAKE COAL BASED ELECTRICTY GENERATION
INDIA GOING AT A RAPID PACE WRT TO RENEWABLE INSTALLING
BUT ON FLIP SIDE IT MAY HAVE SOME DRASTIC BAD CONSEQUENCES FOR SOME PARTS OF THE COUNTRY
;INDIA'S RENEWABLE RESOURCES ARE CONCENTRATED IN SOUTHERN AND NRTHERN & WES(2/3RD ELECTRICTY STILL PRODUCED BY THERMAL) LIES IN CENTRAL AND EASTERN INDIA
THERE ARE CONCERNS OF LOSS OF EMPLOYMENT
NPA OF BANKS DUE TO LOSS IN COAL MINING AND POWER90 HOUSE STUTDOWN
INEQUALITY(THIS ALSO HIGHLIGHTED BY ECONOMIC SURVEY).
SO THE WAY FORWARD IS GRADUAKISM IN RE
ALSO COAL HAS SOIAL MULTIPLIER EFFECT.. APART FROM JUST JOB CREEATION... MAINLY BUGET OF COAL BEARING STATES ARE FINANCED BY RPYALTIES FROM BANK
WORLD WIDE 161GW OF RE HAS BEEN ADDED = 10% INCREASE
THIS DUE TO SHARP FALL IN PRICES OF RENEWABLE ENERGY. THAT HAS MADE THE COST OF WHICH COMPARABLE TO FOSSIL FUEL
THIS IS LIKE TO ACCELRATE TOWRDS A FOSSIL FREE FUTURE
ALREADY 47 COUNTRIES HAVE PLEGED TO BE FOSSIL FREE BYB 2050 AND SOME OF THEM ARE POOR COUNTRIES ALSO