India moves up to 74th position on Global Energy Transition Index
World Economic Forum (WEF) announced that India has moved up two positions and has ranked 74th on a global energy transition index. WEF released the annual rankings on May 13, 2020. With a better ranking, India has shown improvement in key parameters of economic security, economic growth, and environmental sustainability. WEF is a Geneva-based international organization that is for public and private cooperation. Releasing the ranking it further stated that the ongoing COVID-19 crisis will compromise the transition to clean energy by both the developed and developing countries.
India Adopts Energy Efficiency, Saves ?89K Crores (€10.5 billion) in FY19
India has managed to save a total of ?89,122 Crore in the fiscal year of 2018-19 through authorisation of Energy efficiency Initiatives, said a new government report. Additionally, the report indicated that India’s energy intensity was reduced by 20% in FY19 compared to the intensity in FY05. This aligns well with the target of reducing energy intensity by 33-35%, compared to FY05 level that India had set for itself back in 2015. This target was set for the fiscal year of 2030-31. Energy intensity itself is calculated by the unit of energy required per unit output or GDP (gross domestic product) and less energy used to produce a product reduces the intensity.
Ministry of Environment, Forest and Climate Change has issued followings:
- Extension of Draft Environment Impact Assessment Notification (EIA), 2020 till 30th June, 2020. Read more
- Corrigendum Draft Notification Regarding ‘Battery Waste Management Rules, 2020’. Read more
- Annual report 2019-20. Read more/Download