In a slowing economy, the quest for sustainability

#News(General) [ via IoTGroup ]

Headings…

In a slowing economy, the quest for sustainability
India needs a new consensus on its energy and economic transition for a sus

Auto extracted Text……

We need new — and sustainable — drivers of economic growth.
The pace at which renewable energy projects can be set up is much faster than it takes to shut down polluting thermal power plants (as the finance minister advised in her budget speech).
But the geographical and skill distribution of these two energy-related workforces varies — and not easily substitutable.
In a slowing economy, we must tap new pockets of growth and invest in resilient infrastructure.
Both tracks can boost jobs, growth and sustainability.
Again, 700 million got access to an LPG cylinder, but only one-third of the rural population, in six most energy-deprived states, uses LPG as their primary cooking fuel.
For rural energy access, we have to think beyond connections and consider affordability, reliability, safety and ease of use.
Recent research has identified a $50 billion market opportunity for clean energy solutions for productive uses in the rural economy.
Renewables-powered or energy-efficient solutions, such as solar-powered looms, sewing machines, cold storages, oil expellers, rice and flour mills or food processors, convert energy access from a consumption paradigm to an economic driver.
New pockets of sustainable growth are needed when clean technologies face challenges from incumbents.
The financial health of distribution companies, and the lack of political will to reform electricity markets, make it unlikely for clean energy to win a direct David versus Goliath fight.
Our research finds that discom payment delays to conventional independent power producers was seven months (October 2018 to September 2019) but 11 months on average for renewable energy producers.
Instead, clean tech developers must find niches in the economy that will drive growth and jobs.
Distributed energy — for commercial and industrial establishments, urban rooftops, and rural microgrids — remains a huge opportunity (only 10% of the targeted 40,000 MW installed so far

Read More..
AutoTextExtraction by Working BoT using SmartNews 1.02976805238 Build 26 Aug 2019