POWER

India to firm up economy’s electrification playbook

As part of its energy transition efforts, India plans to work towards electrification of economy by developing action plans, setting up a government group for implementing energy efficiency and firming up low carbon technologies road map and strengthening state-run Bureau of Energy Efficiency.

This comes in the backdrop of investor’s interest in India’s green economy remaining robust despite the overall turmoil caused by the covid-19 pandemic, with the global energy landscape shifting towards Environmental, Social and Governance (ESG) investing.

“R.K. Singh, Minister of State (Independent Charge) for Power, New and Renewable Energy and Minister of State Skill Development and Entrepreneurship chaired a high-level meeting to review the progress of various energy efficiency programmes and the preparedness for Climate Change Actions in the country through video conferencing yesterday,” power ministry said in a statement on Thursday.

“The purpose of this high-level meeting was to discuss activities in the field of energy efficiency across all the sectors of the economy with the objective of reducing CO2 emissions,” the statement added.

Increased green energy capacity, electric mobility and ethanol blending with fossil fuels among other measures will help reduce pollution and strengthen India’s commitments made at COP-21, the UN Climate Change Conference held in France in 2015.

“Shri Singh directed to keep focus on sectors with highest emissions intensity such as transport, MSMEs and power plants,” the statement added.

Source
Livemint
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