{"id":225334,"date":"2023-02-06T20:23:59","date_gmt":"2023-02-06T14:53:59","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=225334"},"modified":"2023-02-20T14:27:37","modified_gmt":"2023-02-20T08:57:37","slug":"indias-just-energy-transition-is-more-than-a-coal-story","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/indias-just-energy-transition-is-more-than-a-coal-story\/","title":{"rendered":"India\u2019s just energy transition is more than a coal story"},"content":{"rendered":"\n

Source<\/strong>– The post is based on the article \u201cIndia\u2019s just energy transition is more than a coal story\u201d <\/strong>published in The Hindu<\/strong> on 6th February 2023<\/strong>.<\/p>\n

Syllabus: <\/strong>GS3- Infrastructure: Energy<\/p>\n

Relevance<\/strong>– Issues related to clean energy transition<\/p>\n

News<\/strong>– Just Energy Transition Partnership (JET-P) is emerging as the key mechanism for multilateral financing by developed countries to support an energy transition in developing countries.<\/p>\n

India is considered the next candidate for a JET-Partnership.<\/p>\n

What are the issues with Just Energy Transition Partnership?<\/strong><\/h2>\n

Energy transitions could give rise to intra-generational, intergenerational, and spatial equity concerns<\/strong>. Transitions affect fossil-dependent jobs<\/strong>, disrupt forms of future energy access<\/strong>.<\/p>\n

It shrinks the State\u2019s capacity<\/strong> to spend on welfare programmes. Thus, it increases the existing economic inequities <\/strong>between coal and other regions.<\/p>\n

Existing JET-P deals pay limited attention to intra-generational inequity,<\/strong> such as job losses. Among the three JET-P deals signed so far, only South Africa\u2019s deal mentions a \u2018just\u2019 component.<\/p>\n

What are the difficulties faced by India in JET-P negotiations?<\/strong><\/h2>\n

These have remained stalled over coal \u2018phase-down\u2019<\/strong> and how to operationalise India\u2019s just transition<\/strong>. The emphasis on coal phase-down disregards the crucial difference in energy transition<\/strong> between industrialised and emerging economies.<\/p>\n

India\u2019s transition requires significant simultaneous growth in energy demand<\/strong>. The Central Electricity Authority projects a near doubling of electricity demand by 2030. India cannot afford to put its development on hold while decarbonising.<\/p>\n

What are the steps taken by India for clean energy?<\/strong><\/h2>\n

India has set the goal of 450 GW renewable energy capacity addition and 43% RE purchase obligation by 2030<\/strong>. These targets are supported through complementary policy and legislative mandates like Energy Conservation (Amendment) Act and missions like National Green Hydrogen Mission.<\/p>\n

Fiscal incentives<\/strong> through production-linked incentives are provided. Market mechanisms<\/strong> like the upcoming national carbon market supports these efforts.<\/p>\n

What is the basic requirement for clean energy transition in India?<\/strong><\/h2>\n

Accelerating the pace of Renewable Energy deployment<\/strong> is needed to match the pace of demand growth. In 2021-22, coal power served one-third of the new demand.<\/p>\n

Meeting India\u2019s 2030 target requires accelerating non-fossil capacity<\/strong> addition from 16 GW a year in 2022 to 75 GW a year by 2030.<\/p>\n

What is the way forward to achieve it?<\/strong><\/h2>\n

Shifting energy demand patterns<\/strong>– This is low hanging fruit. It will enable faster RE capacity addition.<\/p>\n

Solarisation of agricultural electricity demand; electrification of diesel-powered MSMEs and decentralised RE for residential cooking and heating<\/strong> are some of the steps needed for shift in energy demand patterns.<\/p>\n

Components of clean energy<\/strong>– Domestic manufacturing<\/strong> of clean energy components is critical to sustain JET, build energy self-sufficiency. Indian components are 20% costlier than Chinese components.<\/p>\n

Giving preference to domestic components without addressing cost competitiveness <\/strong>may slow down the pace of deployment.<\/p>\n

The way around this is to look for markets outside India as part of a JET-Partnership and to reduce the cost gap through economies of scale<\/strong>.<\/p>\n

Optimal use of coal power<\/strong>– There is a need to have a relook<\/strong> at the current use of coal resources to enhance efficiencies<\/strong> until the period of phase-down. One option is to optimise use of coal-fired power plants<\/strong> closer to coal mining areas rather than based on energy demands.<\/p>\n

This would enable coal to be used more efficiently<\/strong> because transportation of coal<\/strong> is more energy-intensive<\/strong> . It would also lead to cheaper power and indirectly reduce emissions<\/strong> due to more efficient use of coal.<\/p>\n

The investment requirements<\/strong> for this transition are beyond the means of domestic capacity of developing countries. Any future JET-P deal must consider this broader framework for financing and supporting an energy transition<\/strong>.<\/p>\n

India’s G-20 presidency<\/strong> is 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":"

Source– The post is based on the article \u201cIndia\u2019s just energy transition is more than a coal story\u201d published in The Hindu on 6th February 2023. Syllabus: GS3- Infrastructure: Energy Relevance– Issues related to clean energy transition News– Just Energy Transition Partnership (JET-P) is emerging as the key mechanism for multilateral financing by developed countries… Continue reading India\u2019s just energy transition is more than a coal story<\/span><\/a><\/p>\n","protected":false},"author":10320,"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":[216,10498],"class_list":["post-225334","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-public","tag-gs-paper-3","tag-the-hindu","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":1700776353,"cached_date":1701353173},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/225334","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\/10320"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=225334"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/225334\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=225334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=225334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=225334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}