Thursday 24 September 2015

INDIA TO GROW IT'S RENEWABLE ENERGY PORTFOLIO TO 175 GIGAWATT


Over 300 million people in India lack access to electricity or water.Blackouts are so common that hospitals and many businesses get by with the constant use of diesel generators.Most of the electricity produced is lost in grid leakages and theft. India plans to expand the economy and build infrastructure , but this will cause carbon emissions to grow as the country currently relies on burning coal and other fossil fuels for most of the 254 GW of electricity it generates today.

"Poverty is, in a way, a real polluting factor," The Environment Minister Pradesh Javadekar said. Just as Prime Minister Narendra Modi joins other world leaders at the U.N. General Assembly meeting on Friday, which experts and official are eager for India's commitment to reductions in emissions. He
added that India's top priority is elevating hundreds of millions of Indians still living with less than $2 a day.India plans  for a 175gigawatt growth in it's renewable energy portfolio, but will continue to champion poor countries in demanding  that industrialized countries assume the brunt of responsibility for decades of climate -warming emissions and help others cope with the consequences.
Experts estimate it will cost at least $150 billion for India to sort out its electricity woes and meet the renewable energy target — funds India does not have in its own coffers. Instead, it will rely on building business opportunities, and hopes for international commitments in waiving high intellectual property costs for sharing technologies that can help India improve its energy production and efficiency..
"We definitely will expect a good amount of technology, affordable technology," Javadekar said. "Why people should profit from disaster? They should actually help India to build this huge program, making it a reality."

Read more here: http://www.miamiherald.com/news/business/article36365175.html#storylink=cpy

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