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This study assesses the existing barriers for tapping renewable energy and delves deeper into the economic feasibility of renewable energy development in India, and analyses what needs to be done to realize the potential.
India has 150GW of renewable energy potential, about half in the form of small hydropower, biomass, and wind and half in solar, cogeneration, and waste-to-energy. Developing renewable energy can help India increase its energy security, reduce the adverse impacts on the local environment, lower its carbon intensity, contribute to more balanced regional development, and realize its aspirations for leadership in high-technology industries. This study aims to answers critical questions on why renewable energy development is relevant in Indian context, on how much development is economically feasible, and on what needs to be done to realize the potential. The Report is based on data from nearly 180 wind, biomass, and small hydropower projects in 20 states, as well as information from the Ministry of New and Renewable Energy (MNRE) and the Central Electricity Regulatory Commission (CERC). The Report suggests that about 3GW of renewable energy – all from small hydropower is conomically feasible, when the avoided cost of coal-based generation of Rs 3.08/kWh is considered. About 59GW of renewable energy in wind, biomass, and small hydropower is available at less than Rs 5/kWh. The entire cumulative capacity of 68GW in these three technologies can be harnessed at less than Rs 6/kWh. About 62GW—90 percent of cumulative renewable capacity in wind, biomass, and small hydropower—is economically feasible when the environmental premiums on coal are brought into consideration. Realizing the need to bridge this gap, the government has set an ambitious target of installing at least 40GW of additional capacity of renewables in the next 10 years. India has made tremendous strides in establishing overarching policy framework and institutions to bring renewable in the mainstream of energy mix, but significant financial, infrastructure and regulatory barriers to renewable energy development remain which the report sheds light on and suggests possible solutions.
For decades, governments have tried to foster industrial competitiveness and economic growth. Many instruments are known to work, and many lessons have been learned. However, humanity is increasingly feeling the effects of natural resource depletion. The rate of this depletion is deeply unsustainable, and it is – as of yet – inextricably linked to economic growth and development. To preserve acceptable living conditions for future generations, while at the same time creating these conditions for millions of poor in the first place, we must achieve a de-linking of economic activity and resource depletion. This book identifies the drivers and success factors of green industrial policy, which seeks to reconcile the synergies and trade-offs which exist between economic and environmental goals. Greening the economy is a goal which will require enormous investment. As markets are currently failing to provide the required incentives for environmental sustainability, governments must intervene and provide ‘policy rents’ for investments in sustainability while withdrawing rents from polluting investments. In this they will face the risk of political capture by interest groups and difficult choices among technologies. Rent management is therefore the heart of green industrial policy and the focus of this book. On top of this, the country examples provided in this volume focus on the emerging powers, which will have an important influence the future of our planet. However, the lessons learned are valuable not only for countries introducing green industrial policies for the first time, but also for those under pressure to reform existing policies. This book will be of interest to students, researchers and policymakers in the areas of energy policy, sustainable development, industrial economics and ecological economics.
This new volume offers up-to-date coverage of the energy scenario in South Asia, showcasing the major challenges being faced in the South Asian Energy Corridor in the context of energy security versus clean energy. The volume explores the role of diversifying supplies for the future to gain energy security that can lead to mapping joint ventures among conventional rival countries, especially due to the rapidly emerging economies of this region. India, China, Japan, and Pakistan, by their location and demography, occupy a major role in this corridor. The book examines the role of major technologies vis-a-vis dominant energy players in South Asia to put checks and balances on energy security along with clean energy resources hand in hand. The economics along with the geopolitics of various pipelines, ports, and regional strategic relations strongly favor developing an "energy bond" among nations, with both technologies as well as markets available within the same region. The book strongly suggests increasing strategic energy cooperation between the major energy players to maximize mutual interest and reduce carbon emission for larger interests. The volume first provides an overview of the South Asia Energy Corridor. It then goes on to look at the energy scenarios in the countries of the region, considering India’s need for energy security and for clean energy initiatives. The topics include advances in renewable energy in the region, new fossil fuel reserves exploration in South Asia advances in wind and solar energy in the region, and so much more.
This book discusses the design and practice of environmental resources management for smart cities. Presenting numerous city case studies, it focuses on one specific environmental resource in each city. Environmental resources are commonly owned properties that require active inputs from the government and the people, and in any smart city their management calls for a synchronous combination of e-democracy, e-governance and IOT (Internet of Things) systems in a 24/7 framework. Smart environmental resources management uses information and communication technologies, the Internet of Things, internet of governance (e-governance) and internet of people (e-democracy) along with conventional resource management tools to achieve coordinated, effective and efficient management, development, and conservation that equitably improves ecological and economic welfare, without compromising the sustainability of development ecosystems and stakeholders.
This report describes the four basic types of on- and off-grid small power producers emerging in Africa and highlights the regulatory and policy questions that must be answered by electricity regulators, rural energy agencies, and ministries to promote commercially sustainable investments by private operators and community organizations.
The book analyzes energy technologies, business models and policies to promote sustainable development. It proposes a set of recommendations for further activities and networking on access to energy and renewable energies and promotes an integrated approach to sustainable resource management. The book discusses access to energy, as a precondition for socio-economic progress. It depicts the global dimension of the challenge in terms of access to electricity and other forms of energy in developing countries. The three main interlinked topics related to energy and sustainable growth are separately discussed: appropriate technologies for modern energy services, business models for the development of new energy markets, and policies to support new energy systems. The description of activities and programmes of some public and private Italian stakeholders is also included.
In the early 1990s, developing countries started to introduce different economic incentives to promote the deployment of renewable energy. This paper summarizes the results of a recent review of the emerging experience with the design and implementation of price and quota based instruments to promote renewable energy in
This Encyclopedia provides a cutting-edge, up-to-date reference source on mineral and energy policies around the world. It offers information on GDP, population, investment scenarios and current environmental regulations in over one hundred thirty countries from 13 geographic regions around the world. It covers topics such as geo-conservation, deep mining technology as well as rare earth, green technology and international organizations that are actively involved in minerals and energy through exploration, arbitration, marketing and investment. Topical entries are presented alphabetically with extensive cross-referencing to ensure user-friendly reading. This Encyclopedia presents the work of more than 20 section editors and more than 100 international experts in the fields of mineral and energy policies. It is designed as a essential resource for researchers, students, libraries, industry, governments, and international organizations and presents a wealth of insights and guidance for corporate planning regarding exploration and financial investments, as well as for venture capitalist and international funding bodies. As such, it provides an indispensable point of reference for future research on mineral and energy policy.
This book analyzes the role of energy in Indian foreign policy, particularly in defining bilateral relations. It also focuses on the critical gaps in conceptualizing its formulations and recommends a framework for sustainable energy security. India, the fourth largest consumer of oil, is an energy-deficit economy, importing more than eighty percent of its needs. This makes securing energy integral to its foreign policy goals. Obviously it is important for India to actively participate in the global energy market and establish robust, enduring and nuanced diplomatic relations with energy exporting countries. Equally important is that India diversifies its energy mix and moves towards carbon-free growth. Renewable energy is today high on the global energy agenda. Indian energy policy thus has to address a range of issues, domestically and on foreign turf. It has to move beyond the transactional mode by creating equity in the global energy industry. Today, the global energy regime is undergoing fundamental changes, as is the power dynamics of the global energy order. There are now many new producers and diverse consumers. The trade in energy has increased in volume and its direction has shifted from the West to the East, and the ongoing structural changes in the energy market call for a new security architecture. Given the complex and competitive environment of the new geo-economics and geopolitics of energy, the question could well be, should India frame energy issues in conflict mode or move toward innovative cooperation? In either case the message is that India needs an integrated energy security policy.