Power Minister Announces Government Support for TERI in Establishing Energy Transition Center
The Minister emphasized the pivotal role that the collaborative initiative between the Government of India and TERI would play in identifying pathways for sustainable energy transition and driving innovation in the renewable energy sector.
February 12, 2024. By Abha Rustagi
The Minister emphasized the pivotal role that the collaborative initiative between the Government of India and TERI would play in identifying pathways for sustainable energy transition and driving innovation in the renewable energy sector. Addressing summit delegates during a session on 'Energy Transitions for People, Peace, Prosperity and our Planet,' Singh underscored India's leadership in climate action and energy transition.
Highlighting India's remarkable progress, Singh said, "44 percent of our power generation capacity is from non-fossil-fuel sources. About 180-plus GW of total capacity of 427 GW is from non-fossil-fuel sources, most of which is renewable capacity. Our rate of energy transition is unmatched. We are the only country issuing bids for round-the-clock renewable energy."
Moreover, Singh emphasized India's commitment to climate action, noting that the country has achieved its Nationally Determined Contributions (NDCs) well ahead of schedule. “When neutral observers graded us, they rated India as the only major country whose energy transition actions are consonant with sub-2-degrees rise in global temperature," he added.
The Minister called for a shift in the global discourse, highlighting that developed countries, responsible for 77 percent of legacy carbon emissions, often overlook per capita emissions in public discussions. He stressed the importance of developed countries vacating carbon space to enable the growth of developing nations.
Additionally, Singh emphasized the need for sustainable development supported by technology and finance, underlining the Prime Minister's emphasis on Mission LiFE. "The development model of the world must evolve; increasing demand without sustainability spells doom. We are boosting green vehicles and ramping up green hydrogen production," he said. However, he cautioned, "Protectionist trade barriers obstruct progress. It's time for a collective rethink."
Chairperson of TERI Governing Council, Nitin Desai, announced the establishment of the Centre for Energy Transition in Hyderabad, in partnership with the government. This initiative aims to develop comprehensive energy transition pathways not only for India but also for other nations.
Director-General of TERI, Vibha Dhawan, reiterated TERI's commitment to sustainability and emphasized collaboration and innovation in addressing climate change challenges.
please contact: contact@energetica-india.net.
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