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PIB Summary for UPSC

16-February -2024

1. India needs Rs. 30 lakh crores investment during FY 2024-2030 to meet its COP Climate Pledges: IREDA CMD at World Bank Webinar.

Topic: GS3 – Environment and Ecology – Environmental pollution and degradation
GS2 – International Relations – Important International institutions Critical for UPSC as it highlights India’s renewable energy goals, investment needs, and global recognition in sustainable development.
Context
●       IREDA CMD, Shri Pradip Kumar Das, addressed a World Bank webinar, emphasizing the need for Rs. 30 lakh crores investment in India’s renewable energy to achieve NDC goals by 2030.
 Additional information on this news:
  • Shri Pradip Kumar Das, CMD of IREDA, addressed a World Bank webinar on India’s renewable energy development.
  • He emphasized the need for Rs. 30 lakh crores investment by 2030 to meet India’s NDC goals.
  • Highlighted the significance of “PM Surya Ghar Muft Bijli Yojana,” a Rs. 75,000 crore initiative to solarize 1 crore households.
  • Stressed the role of India as a global role model in renewable energy development.
  • Mentioned government initiatives like RPO, PM-KUSUM, ‘Must-run’ status, PLI scheme, and 100% FDI for renewables.
  • Predicted 90% of India’s energy demand met through renewables by 2047, with thermal energy as a supplement.
India’s COP Climate Pledges:
India made several ambitious commitments at the COP26 Climate Change Conference in Glasgow, known as the “Panchamrit” pledges. These include: By 2030:
  • Reach 500GW of non-fossil energy capacity. This represents a significant increase from current levels and requires major investments in renewables like solar and wind.
  • Generate 50% of energy requirements from renewable sources. This is a major shift from current reliance on fossil fuels.
  • Reduce total projected carbon emissions by 1 billion tonnes. This requires both reducing current emissions and preventing future ones.
  • Reduce the carbon intensity of the economy by 45% from 2005 levels. This means decoupling economic growth from emissions growth.
Long-term goal:
  • Achieve net-zero emissions by 2070. This is a crucial goal for limiting global warming to 1.5°C.
Current Status:
  • India is making progress on some of its pledges, such as increasing renewable energy capacity. However, significant challenges remain, particularly in terms of financing and infrastructure development.
  • Some experts raise concerns about the feasibility of meeting all the pledges, especially without more international support and lack of financial support.
Additional Information:
  • The Indian government recently updated its Nationally Determined Contributions (NDCs) to reflect the Panchamrit pledges.
  • India is currently the world’s fourth-largest emitter of greenhouse gases, but its per capita emissions are much lower than developed countries.
  • The success of India’s climate action will have a significant impact on global efforts to combat climate change.
PYQ: Clean energy is the order of the day. Describe briefly India’s changing policy towards climate change in various international fora in the context of geopolitics. (250 words/15m) (UPSC CSE (M) GS-2 2022)
Practice Question:  Examine the significance of the “PM Surya Ghar Muft Bijli Yojana” in advancing India’s commitment to achieving Net-Zero emissions and Energy Independence by 2047. (150 words/10 m)
 

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