Wednesday November 21, 2018
Home Science & Technology India along w...

India along with others moving towards centre stage of clean energy transition: Clean-energy leadership begins in China

0
//
Solar panels absorbing sunlight. Pixabay
Republish
Reprint

China, May 30, 2017: There is a new reality in clean energy. The world’s major emerging economies — including China, India, and several others — are moving to the centre stage of the clean energy transition. By betting heavily on energy efficiency, on wind, solar and other renewables, as well as other less carbon-intensive technologies, these countries are increasingly leading the way.

This is the significance of the top-level meeting of energy ministers from the world’s biggest economies in Beijing next month. The fact that representatives from fossil-fuel producers like Mexico and Saudi Arabia will join renewable-energy pioneers like Denmark and Germany for a top-level meeting in China is not a coincidence. We are witnessing a global consensus that the key to energy transition will reside with decisions made in emerging economies.

Follow NewsGram on Twitter.

There are many reasons to stand for clean energy today. These can range from reducing greenhouse gas emissions but also battling the scourge of air pollution, improving energy security by reducing the dependency on fossil fuels, diversifying supply, creating high-tech jobs or fostering innovation. As such, approaches to clean energy will vary from country to country.

According to the International Energy Agency (IEA), all of the projected growth in energy demand in the next 25 years will take place in emerging and developing countries. This means that implementing the right kind of policies and technologies will be critical to ensure stable supplies as well as meeting desirable environmental outcomes.

The good news is that this is happening. India was the first country to set comprehensive quality and performance standards for light emitting diodes (LEDs), and it expects to save as much as 277 terawatt-hours of electricity between 2015 and 2030, avoiding 254 million metric tons of CO2 emissions or the equivalent of 90 coal-fired power plants.

NewsGram brings to you top news around the world today.

Another upshot is that by committing to these new clean technologies, countries like China are helping drive down costs for the benefit of the world. China is now the undisputable global leader of renewable energy expansion worldwide, and the IEA forecasts that by 2021, more than one-third of global cumulative solar PV and onshore wind capacity will be located in China.

Recently announced renewable projects have broken new records, with power purchase agreements for several onshore wind and large solar PV farms now below $50/MWh.

As clean energy is increasingly driven by the emerging economies, global political leadership in advancing clean energy will be increasingly shared. This is precisely the function of the Clean Energy Ministerial (CEM), which was created in 2010, and whose goal is to form a partnership that brings together major industrialised and emerging economies to focus on clean energy technologies and policies, reduce environmental impacts, and ensure reliable and affordable supplies.

Our timing is critical. Action by the 25 CEM members, representing 90 per cent of global energy investment and 75 per cent of global emissions, is crucial for making the world less carbon-intensive than today.

Check out NewsGram for latest international news updates.

In Beijing, our focus will be to provide a collaborative environment to tackle these challenges in areas ranging from transportation, buildings to the power sector. Our governments will seek to increase electric mobility, with a target to reach 30 per cent of the new vehicle fleet by 2030. The recent announcements of the Indian government will go a long way towards this end. Another challenge for CEM governments will be to increase EV charging providers by a factor of 10 in the next five years. Other priority areas include improving efficiency in buildings, which account for nearly a third of all energy consumption and 20 per cent of greenhouse gas emissions.

In the power sector, the CEM is seeking to move away from the coal-or-renewables paradigm. Coal was the fuel of the last 100 years, and renewables will likely be the dominant fuel of the next century for many countries. At the same time, we must recognise that so-called dispatchable power plants — including thermal generation — are key for many countries to ensure energy security during the transition to a cleaner energy system. And so, the Beijing meeting will launch new work to address this challenge.

Follow NewsGram on Facebook

To succeed, this energy transition will require the full backing of industry. This is why the CEM includes top-level executives from companies involved in all aspects of the energy field who offer a unique on-the-ground perspective and ultimately determine where investments end up going. They are often the first to recognise what drives clean energy uptake.

This is a unique time for the CEM, which is entering a new phase of cooperation and growth in our short history. The world of energy is changing. Facts on the ground unequivocally point to the key role of emerging economies in clean energy. Come the meeting in Beijing June 6-8, we are likely to see this reflected in the leadership of the CEM. (IANS)

Click here for reuse options!
Copyright 2017 NewsGram

Next Story

India And Vietnam Come Together Against Maritime Rival China

Beijing has been protesting against joint Vietnamese-Indian oil exploration activities in the South China Sea for almost a decade, but New Delhi has refused to budge.

0
India- Vietnam
Indian President Ram Nath Kovind, left, shakes hands with Vietnamese President Nguyen Phu Trong before heading for talks behind closed doors in Hanoi, Vietnam. VOA

Advances in relations between Vietnam and India will help both countries resist Chinese expansion in Asia including the contested South China Sea, Asia scholars say.

India-Vietnam relations are growing again this week as Indian President Shri Ram Nath Kovind visits Vietnam Sunday through Tuesday. He was set to meet Vietnamese President Nguyen Phu Trong for closed-door talks.

The visit advances a long-standing, fast-improving friendship that began in the 1970s, when Vietnamese leaders tapped India to diversify foreign policy, and leapt forward in 2016 when the two sides entered a strategic comprehensive partnership. Now both worry about China.

“Given a shared apprehension of Chinese assertiveness, New Delhi seeks to bolster Hanoi’s capabilities to check China, to expand Indian influence in Southeast Asia as a counterweight to China’s growing footprint in South Asia,” said Sameer Lalwani, deputy director for U.S. think tank The Stimson Center’s South Asia program.

India, elections, vietnam
India’s Prime Minister Narendra Modi gestures as he addresses the gathering during the ‘Global Mobility Summit’ in New Delhi, India, VOA

South China Sea dispute

Vietnam and four other governments dispute all or part of Beijing’s claim to about 90 percent of the South China Sea. The two sides got into two deadly ship clashes, in 1974 and 1988, and rammed each other’s boats in 2014. China cites historical documents to support its claims.

India, located west of the Indochinese peninsula, does not claim the sea that lies east of Vietnam.

But last year hundreds of Chinese and Indian troops faced off on a Himalayan plateau disputed by China and India’s ally Bhutan. India also resents China’s support for its territorial rival Pakistan. It has grown eager to help Australia, Japan and the United States patrol Asian seas where China has alarmed other countries by landfilling tiny islets, in some cases for military use.

Those countries want the 3.5 million-square-kilometer South China Sea open internationally instead of under increasing Chinese control.

“I think Vietnam wants India to play a more active role in the South Asian region because Vietnam knows that India is not so active in the quadrilateral, including the U.S., India, Australia and Japan,” said Trung Nguyen, director of the Center for International Studies at Ho Chi Minh University of Social Sciences and Humanities.

India-Vietnam
Indian President Ram Nath Kovind, right, and his Vietnamese counterpart Nguyen Phu Trong review an honor guard in Hanoi, Vietnam. VOA

​India and Vietnam held their first joint drill In the Bay Of Bengal in October to strengthen “working-level” relations, the Press Trust of India says. India has offered Vietnam $500 million in credit for arms purchases, as well, and proposed a South China Sea warning system able to send tsunami data to Vietnam.

Oil and gas exploration

Vietnam and India will use fuel exploration to consolidate their stand in the South China Sea, and with a potential profit, analysts forecast.

India and Vietnam already do “robust” trade, worth $12.8 billion in 2017-2018, the Indian Ministry of External Affairs says. Bilateral trade should reach $15 billion by 2020, the vice chairman of the Indian Business Chamber of Vietnam said last year. Indian investment in Vietnam was $2 billion then.

For the past four years, the overseas subsidiary of India’s government-run ONGC has worked with PetroVietnam Exploration Production Corp. to search for oil and gas in the South China Sea. China is probably watching warily, experts say.

Climate Change, Indian President Ram Nath Kovind, right, and his Vietnamese counterpart Nguyen Phu Trong review an honor guard in Hanoi, Vietnam
Submerged tombs are seen at a flooded village after heavy rainfall caused by tropical storm Son Tinh in Ninh Binh province, Vietnam. VOA

Vietnam happens to need outside expertise and investment to find gas and oil off its long seacoast. Both domestic and foreign oil firms would earn money from any discoveries.

“The issue of oil is probably one of the larger political elephants in the room, so to speak,” said Maxfield Brown, senior associate with the business consultancy Dezan Shira & Associates in Ho Chi Minh City. “I’m sure that Vietnam is keen to find countries that are willing to invest in its natural resources and aren’t necessarily scared off by the threat of Chinese naval incursions.”

Spanish driller Repsol quit a Vietnamese-approved project in the South China Sea in March, apparently under pressure from China, media reports said then. Vietnam is now considering a $4.6 billion gas exploration project with ExxonMobil, local partner CNG Vietnam Joint Stock Co. says. China claims that site, as well.

“Vietnam is always trying to get them to do more exploration and India has been wary of holding onto blocks that aren’t productive or getting blocks that are in sensitive areas vis-a-vis China,” said Carl Thayer, professor emeritus with the University of New South Wales in Australia.

Also Read: Heavy Cyber Attacks From Russia, US, China in India

India has shown little fear to date, said Mohan Malik, professor in Asian security, Daniel K. Inouye Asia Pacific Center for Security Studies in the United States.

“Beijing has been protesting against joint Vietnamese-Indian oil exploration activities in the South China Sea for almost a decade, but New Delhi has refused to budge,” Malik said. “Through joint naval exercises and port calls at Vietnamese ports, New Delhi is signaling to Beijing that China’s growing naval expansion…would be countered by India’s naval outreach in the South China Sea.” (VOA)