{"id":120198,"date":"2021-07-21T20:16:54","date_gmt":"2021-07-21T14:46:54","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=120198"},"modified":"2021-07-21T20:16:54","modified_gmt":"2021-07-21T14:46:54","slug":"india-needs-an-economic-stimulus-that-can-also-aid-green-energy-transition","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/india-needs-an-economic-stimulus-that-can-also-aid-green-energy-transition\/","title":{"rendered":"India needs an economic stimulus that can also aid green energy transition"},"content":{"rendered":"<p><strong>Source: <\/strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/indianexpress.com\/article\/opinion\/columns\/india-economic-stimulus-green-energy-transition-7414283\/\">Indian Express<\/a><\/span><\/p>\n<p><strong>Relevance<\/strong>: Areas where India can direct its economic stimulus for maximum effect.<\/p>\n<p><strong>Synopsis: <\/strong>Some innovative and affordable pathways for a green stimulus which would create dispersed demand and jobs with large multiplier effects.<\/p>\n<h5><strong>Background<\/strong><\/h5>\n<ul>\n<li>A large demand stimulus seems necessary in getting the V-shaped economic recovery that India need right now.<\/li>\n<li>A green stimulus can create demand, address air pollution and accelerate the green energy transition.<\/li>\n<\/ul>\n<h5><strong>Innovative<\/strong> <strong>Ideas for Green stimulus<\/strong><\/h5>\n<p><strong>Conversion of crop waste into briquettes<\/strong><\/p>\n<ul>\n<li>Within a few months from now, the burning of rice crop residue in northern India will create an air pollution crisis. This can be avoided by procuring all the crop waste at a remunerative price.<\/li>\n<li>The waste can be converted into briquettes, which can be substituted for coal in thermal power stations.<\/li>\n<li>NTPC has already done this successfully without adding to the cost of generation, as the cost of briquettes is comparable to that of coal in energy terms.<\/li>\n<li>The crop waste can be given for conversion into briquettes to private entrepreneurs.<\/li>\n<li>Dispersed private investment for conversion would take place, creating demand for the conversion equipment, labour and transport. Air pollution would be reduced without any cost to the government.<\/li>\n<\/ul>\n<h5><strong>Investments in EV charging Infrastructure<\/strong>:<\/h5>\n<ul>\n<li>Electric vehicles are eco-friendly and are cheaper to run on a life cycle per km basis.<\/li>\n<li>But demand is not rising because of the lack of charging infrastructure.<\/li>\n<li>Till a critical mass of charging infrastructure is created, demand for EVs will not pick up and the investment on charging stations would not generate returns.<\/li>\n<li>A <strong>national programme for building charging stations<\/strong> in all cities with a population of over a million is needed. It can be financed fully through a central government-guaranteed debt.<\/li>\n<li>The<strong> purchase of electric buses for city bus services<\/strong> may also be fully financed through government-guaranteed debt.<\/li>\n<li>These measures, in addition to creating a demand stimulus, would also lead to substantial improvement in air quality in our highly polluted cities.<\/li>\n<\/ul>\n<h5><strong>Policy Guidelines to support Solar Power <\/strong><\/h5>\n<ul>\n<li>India has made an ambitious commitment under the <b>Paris Agreement<\/b>\u00a0to aim for 450 GW of renewable energy capacity by 2030.<\/li>\n<li>To achieve this, electricity distribution companies should be persuaded by states to <strong>announce a remunerative price for solar power in rural areas<\/strong>. This does not need any transmission investments.<\/li>\n<li>Rather, Distribution companies would save money.<\/li>\n<li>Solar power generated in a village would make it much easier to provide electricity in the day to farmers for irrigation. This would also facilitate more efficient use of water.<\/li>\n<li>If generating 1 MW from a village is realistic, with 6 lakh villages, there is a potential of 600 GW capacity creation.<\/li>\n<li>Such a programme would generate widely dispersed private investment and increased incomes.<\/li>\n<li>Germany used a feed-in tariff with great effect to become a global leader in the use of solar power.<\/li>\n<\/ul>\n<p><strong>Conversion of cow dung into useful commercial energy<\/strong><\/p>\n<ul>\n<li>With increased access to LPG stoves and cylinders and electrification in rural households, cow dung is no longer required for cooking.<\/li>\n<li>It can be converted in <strong>small village-level plants to gas<\/strong> which can be used as a fuel for cooking and transport, or, to generate electricity.<\/li>\n<li>India has the <strong>largest cattle population in the world<\/strong> and the goal should be to <strong>convert all the cow dung into useful commercial energy<\/strong>.<\/li>\n<li>A <strong>government-promoted system for procurement of this gas<\/strong>, at a remunerative price, would create the right incentives for private investment and income generation across all villages.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Source: Indian Express Relevance: Areas where India can direct its economic stimulus for maximum effect. Synopsis: Some innovative and affordable pathways for a green stimulus which would create dispersed demand and jobs with large multiplier effects. Background A large demand stimulus seems necessary in getting the V-shaped economic recovery that India need right now. A&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/india-needs-an-economic-stimulus-that-can-also-aid-green-energy-transition\/\">Continue reading <span class=\"screen-reader-text\">India needs an economic stimulus that can also aid green energy transition<\/span><\/a><\/p>\n","protected":false},"author":10316,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1230,9],"tags":[59,216,8552],"class_list":["post-120198","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-public","tag-environment","tag-gs-paper-3","tag-india-needs-an-economic-stimulus-that-can-also-aid-green-energy-transition","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704845250},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/120198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10316"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=120198"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/120198\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=120198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=120198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=120198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}