{"id":225897,"date":"2023-02-10T10:53:56","date_gmt":"2023-02-10T05:23:56","guid":{"rendered":"https:\/\/blog.forumias.com\/?page_id=225897"},"modified":"2023-02-11T21:15:11","modified_gmt":"2023-02-11T15:45:11","slug":"answered-what-do-you-understand-by-just-energy-transition-jet-strategy-how-india-can-adopt-a-just-energy-transition-jet-strategy","status":"publish","type":"page","link":"https:\/\/forumias.com\/blog\/answered-what-do-you-understand-by-just-energy-transition-jet-strategy-how-india-can-adopt-a-just-energy-transition-jet-strategy\/","title":{"rendered":"[Answered] What do you understand by just energy transition (JET) strategy? How India can adopt a just energy transition (JET) strategy?"},"content":{"rendered":"<table>\n<tbody>\n<tr>\n<td width=\"616\"><strong>Introduction:<\/strong> Explain<strong>\u00a0<\/strong>just energy transition (JET) strategy.<\/p>\n<p><strong>Body:\u00a0<\/strong>Explain how India can adopt a just energy transition (JET) strategy.<\/p>\n<p><strong>Conclusion<\/strong>: Write a way forward.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The Just Energy Transition is about\u00a0a movement towards<strong> a lower carbon future, whilst enabling the creation of job opportunities for those displaces by the replacement of coal by these new technologies<\/strong>. The JET occurs in a phased manner over time. It\u00a0is emerging as the key mechanism for\u00a0<strong>multilateral financing by developed countries<\/strong>\u00a0to support an\u00a0<strong>energy transition in developing countries<\/strong>.<\/p>\n<p>JET initiative is\u00a0<strong>modelled for the South Africa<\/strong>, to support South Africa\u2019s decarbonisation efforts. JET was\u00a0<strong>launched at the COP26 in Glasgow<\/strong>\u00a0with the support of the\u00a0<strong>United Kingdom (UK), the United States (US), France, Germany, and the European Union (EU).<\/strong> Following that\u00a0G7 has announced for a similar partnership in <strong>India, Indonesia, Senegal, and Vietnam<\/strong>.<\/p>\n<p>India can adopt a just energy transition (JET) strategy in following manner:<\/p>\n<ul>\n<li><strong>Acceleration in RE deployment rates:<\/strong> Meeting India\u2019s 2030 target requires accelerating non-fossil capacity addition from 16 GW a year in 2022 to 75 GW a year by 2030, a 22% year-on-year growth.\n<ul>\n<li>For this option is <strong>shifting energy demand patterns<\/strong> in ways that enable faster RE capacity addition: solarisation of agricultural electricity demand; electrification of diesel-powered Micro, Small and Medium Enterprises (MSMEs); and decentralised RE for residential cooking and heating.<\/li>\n<li>Stimulation of energy demand through <strong>rural productivity enhancement<\/strong> will further aid RE acceleration as well as help to address the rural-urban economic divide, create rural jobs, and thereby address inter-generational and spatial inequities.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Domestic manufacturing of clean energy components<\/strong>: Indian components are 20% costlier than Chinese components. The way around this is to <strong>negotiate access to markets outside India <\/strong>as part of a JET-Partnership, to reduce the cost gap through economies of scale.<\/li>\n<li><strong>Re-aligning the current use of coal resources<\/strong> <strong>to enhance efficiencies:<\/strong> until the period of phase-down.\n<ul>\n<li>One option is to <strong>optimise use of coal-fired power plants<\/strong> closer to where coal is mined rather than based on energy demand in States. This would enable coal to be used more efficiently because transportation of coal is energy-intensive.<\/li>\n<li>It would also lead to cheaper power; the resultant savings could also help finance much needed emission control retrofits. Finally, it would indirectly reduce emissions due to more efficient use of coal.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>Any future JET-P deal must consider broader framework for financing and supporting an energy transition. With India holding the G-20 presidency, it has an opportunity at hand to negotiate a deal for itself while also shaping international cooperation on just energy transitions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Introduction: Explain\u00a0just energy transition (JET) strategy. Body:\u00a0Explain how India can adopt a just energy transition (JET) strategy. Conclusion: Write a way forward. The Just Energy Transition is about\u00a0a movement towards a lower carbon future, whilst enabling the creation of job opportunities for those displaces by the replacement of coal by these new technologies. The JET&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/answered-what-do-you-understand-by-just-energy-transition-jet-strategy-how-india-can-adopt-a-just-energy-transition-jet-strategy\/\">Continue reading <span class=\"screen-reader-text\">[Answered] What do you understand by just energy transition (JET) strategy? How India can adopt a just energy transition (JET) strategy?<\/span><\/a><\/p>\n","protected":false},"author":10320,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"class_list":["post-225897","page","type-page","status-publish","hentry","entry"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/pages\/225897","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10320"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=225897"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/pages\/225897\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=225897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}