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At the 23rd World Sustainable Development Summit in New Delhi, Union Minister of Power and New & Renewable Energy R. K. Singh announced the development of a Centre for Energy Transition in conjunction with The Energy and Resources Institute (TERI). This centre seeks to set the standard for innovation in renewable energy and the transition to sustainable energy.
Singh stated that India is the only major economy to have met both NDCs far 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 raise in global temperature," he added.
Addressing the summit delegates during a session on “Energy Transitions for People, Peace, Prosperity and our Planet”, the union minister emphasized India's leadership in climate action and energy transition. He highlighted India's remarkable progress and said: "44% 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."
The power minister underlined the need for a change in public discourse. “The developed countries developed using fossil fuels; 77% of legacy carbon emissions are caused by developed countries. This is something which never comes out in the public discourse. India comprises 17% of the global population, while we have been responsible for only 3% of cumulative global carbon emissions. If the developed countries continue at this rate of emissions, the carbon space will soon get extinguished, while we developing countries need carbon space to grow.”
Singh said that developed countries must realise that no country will compromise on their development trajectory. “They need to vacate carbon space so developing countries can develop.” He further said that the per capita emissions of developed economies are about 4 times the global average. “The discourse is hypocritical since nobody talks about per capita emissions, which are the nub of the problem. The argument to do away with coal is a red herring, since it is not just coal, but gas too which emits carbon dioxide and also methane. None of the COP gatherings has addressed this.”
The minister said that developed countries did not add energy storage capacity, due to which prices are high. “Sustainable development has to rest on two planks: one, those emitting at rapid rate need to bring down emissions; two, those who need to develop need to be assisted with technology and finance, thus bringing down price of energy transition.” He said that while India does not need financial assistance, other developing countries need access to finance and technology in order to grow.
Speaking on India's commitment to sustainability, Chairperson of TERI Governing Council, Nitin Desai, announced the establishment of this Centre in Hyderabad, in partnership with the government. This centre aims to develop comprehensive energy transition pathways, not only for India but also for other nations.
The World Sustainable Development Summit 2024 provided an invaluable platform for robust discussions and collaborations towards achieving sustainable development goals. As India continues to lead by example in energy transition and sustainability, initiatives such as the establishment of the Centre for Energy Transition mark significant milestones in the nation's journey towards a greener future
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