What were #India’s major hits and misses in #ClimateAction in 2022?
👍Hits:
1. As per the requirements of the #ParisAgreement, India submitted its plan for #NetZero #emissions by 2070 and also updated its NDCs.
🔖 Bookmark this #thread!
1/14
👍Hits:
1. As per the requirements of the #ParisAgreement, India submitted its plan for #NetZero #emissions by 2070 and also updated its NDCs.
🔖 Bookmark this #thread!
1/14
2. Long-term strategy (updated) + Nationally Determined Contributions (NDCs), which reaffirm attention to #climate policy. #India also consolidated its position on climate #geopolitics globally.
2/14
2/14
3. #India announced some big policy changes to upgrade for planned #renewables expansion.
The draft new electricity plan increases the 150GW target of installed #solar capacity by an additional 36GW to 186GW by 2027.
3/14
The draft new electricity plan increases the 150GW target of installed #solar capacity by an additional 36GW to 186GW by 2027.
3/14
4. The central government recently unveiled a $30billion plan to create a power transmission system to evacuate the #renewables capacity, including committing to setting up transmission lines to evacuate 10GW of #offshore #wind from #Gujarat and #TamilNadu.
4/14
4/14
5. More than 606GW of #coal-fired power projects have been cancelled or shelved, and 15.6GW retired in India during the 2010-2022 period.
6. A new plan to install close to 51GW of #battery energy #storage system by 2030 has been announced.
5/14
6. A new plan to install close to 51GW of #battery energy #storage system by 2030 has been announced.
5/14
6. With a $2.5 billion plan to boost #hydrogen production, #India’s hydrogen policy was finally out. Oil refineries will have to replace 1/3rd of their fuel usage with #GreenHydrogen by 2035.
6/14
6/14
7. The second phase of the PLI scheme, almost 4 times as big as the first one, and aimed to boost solar manufacturing annually by 65GW of module capacity was launched this year.
7/14
7/14
8. 100% electrification of the broad-gauge railway network! — The government reaffirmed the announcement that Indian Railways @IRCTCofficial will achieve #NetZero #emissions by 2030.
The Railways plans afforestation of railway land to increase carbon sink.
8/14
The Railways plans afforestation of railway land to increase carbon sink.
8/14
India's #ClimateAction 👎 Misses👎 in 2022:
1. #Renewable energy targets committed for 2022 were met by less than three quarters.
57.71 GW of #solarpower and 40.71 GW of #wind energy were installed until June 2022.
9/14
1. #Renewable energy targets committed for 2022 were met by less than three quarters.
57.71 GW of #solarpower and 40.71 GW of #wind energy were installed until June 2022.
9/14
2. In #solar, both rooftop solar and on-ground installations have struggled.
The reasons run deep—ranging from poor discom health to the absence of a favourable market for #renewables.
10/14
The reasons run deep—ranging from poor discom health to the absence of a favourable market for #renewables.
10/14
3. The costs of relying on imported energy became evident.
#India, which wanted #gas to account for 15% of its energy mix, bought #LNG at double the price it paid around the previous year.
11/14
#India, which wanted #gas to account for 15% of its energy mix, bought #LNG at double the price it paid around the previous year.
11/14
4. India released the framework for its sovereign green bonds scheme last month, hailed as a commendable step.
However, the framework not only includes CNG-based public transport as a “green” project, but it was also not easy to establish their green credentials.
12/14
However, the framework not only includes CNG-based public transport as a “green” project, but it was also not easy to establish their green credentials.
12/14
5. #Coal mines have been opened to private companies with a single-window clearance for commercial #mining.
There is an announcement to invest ₹40,000 crore in the coal sector in the coming decade.
13/14
There is an announcement to invest ₹40,000 crore in the coal sector in the coming decade.
13/14
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