DAILY CURRENT AFFAIRS IAS | UPSC Prelims and Mains Exam – 20th August 2024
Archives (PRELIMS & MAINS Focus) AKSHAY URJA DAY 2024 Syllabus Prelims & Mains – CURRENT EVENT Context: Every year on August 20, Akshay Urja Day is celebrated to underscore the significance of renewable energy sources and to highlight the strides India has made in advancing the same. Background:- Launched in 2004 by the Ministry of New & Renewable Energy, this observance highlights India’s commitment to renewable energy, aiming for 500 GW of non-fossil fuel electricity capacity by 2030. It also commemorates the birth anniversary of former PM Rajiv Gandhi. Key takeaways “Akshay” means “eternal” or “indestructible” in Sanskrit. Hence Akshay Urja stands for “eternal energy”,symbolizing the endless and sustainable nature of renewable energy. Rapid industrialization and population growth have increased energy demand, leading to heavy reliance on finite fossil fuels, which harm the environment. Solar, hydro, and wind power are vital for sustainable development, reducing fossil fuel dependence, and combating climate change. Transitioning to renewable energy will create sustainable jobs and reduce long-term energy costs. Akshay Urja Day Objectives: Highlight the importance of renewable energy in India’s energy planning. Raise awareness of renewable energy’s benefits in reducing fossil fuel dependency. Promote renewable energy as a solution to combat climate change. Types of Renewable Energy: Solar Energy: Harnessed from the sun’s radiation. China, the US, India and Japan are among the world’s leading producers. Wind Energy: Generated by converting the kinetic energy of wind into electricity using wind turbines, significant in countries like China and the US. Hydropower: Derived from flowing water, extensively used worldwide.China, Brazil, and Canada are the largest consumers of hydropower across the globe. Biomass Energy: Produced from organic materials such as plant residues, animal waste, and wood. It can be heated or converted to liquid or gaseous fuels for consumption. It is considered renewable because the materials used can be regrown or replenished. Geothermal Energy: Sourced from Earth’s internal heat, with leading producers being the US, Indonesia, and the Philippines. Tidal and Wave Energy: Harnesses ocean movement, prominent in South Korea, France, and the UK. Progress of India in Akshay Urja On October 2, 2015, India submitted its first Nationally Determined Contribution (NDC) to the UNFCCC as part of the Paris Agreement. The initial goals were to reduce GDP emissions intensity by 33-35% from 2005 levels by 2030 and achieve 40% of total installed electric power from non-fossil fuels by 2030. In August 2022, India updated these targets, aiming to reduce emissions intensity by 45% and increase non-fossil fuel energy capacity to 50% by 2030. In addition, India targets 500 GW of renewable energy capacity by 2030 and 1 TW by 2035 and aims for net-zero emissions by 2070. As of May 2024, India has installed 191 GW of renewable energy. This capacity includes solar power (around 85 GW), wind power (around 46 GW), large hydropower (around 45 GW), Biomass (around 10 GW), small hydropower (around 4.5 GW), and Waste-to-Energy (0.5 GW). Key Schemes to Achieve Renewable Energy Targets: Pradhan Mantri Kisan Urja Suraksha Evam Utthaan Mahabhiyan scheme (PM-KUSUM) : Promotes the installation of small grid-connected solar power plants, standalone solar pumps, and solarisation of existing grid-connected pumps. Production Linked Incentive (PLI) Scheme for Solar PV Modules: Aims to boost domestic production of high-efficiency solar panels. Grid Connected Rooftop Solar Program (Pradhan Mantri Suryodaya Yojana) : Facilitates rooftop solar installations, allowing surplus power to be exported to the grid. Solar Parks and Ultra Mega Solar Power Projects: Provides infrastructure for rapid solar project development. Green Energy Corridor Scheme: Series of infrastructure projects under the scheme is aimed at synchronising the power generated from renewable energy sources with the national grid of India. National Green Hydrogen Mission: Targets 5 million tonnes of Green Hydrogen production by 2030. This in turn will support an addition of about 125 GW of renewable energy capacity in our country. National Bioenergy Programme: Use of bioenergy is promoted. It aims to enhance the energy security through the Waste to Energy Programme, Biomass Programme, and Biogas Programme. FDI in Renewable Energy: Allows up to 100% Foreign Direct Investment under the automatic route, encouraging foreign investments. Source: Indian Express CHANGE IN INDIA’S POWER EXPORT RULES Syllabus Mains – GS 2 Context: Reuters reported that India amended its power export rules recently, allowing exporters to reroute electricity to Indian grids if partner countries delay payments. The change is intended to mitigate risks especially in the context of Bangladesh. Background: Adani Power’s plant in Godda (Jharkhand) supplies its entire generated power to Bangladesh. The Godda Project Overview: The Godda project, operated by Adani Power’s Jharkhand subsidiary, supplies 1,496 MW of power to Bangladesh from an ultra super-critical thermal power plant. This is under a 25-year Power Purchase Agreement (PPA) signed with the Bangladesh Power Development Board (BPDB) in November 2017. This project is India’s first transnational power project, where all generated power is exported to another country. The electricity from Godda is expected to positively impact Bangladesh by replacing expensive liquid fuel power, thereby lowering the average cost of electricity. The total installed generation capacity of Babladesh was 24,911 MW in June 2023. Of this, 2,656 MW was imported from India (more than 10% of overall) with the Godda plant contributing 1,496 MW (about 6% of overall). Criticisms: The project has faced criticism due to the use of imported coal from Australia’s Carmichael mine, which raises costs. The Institute for Energy Economics and Financial Analysis (IEEFA) argued that the PPA allows Adani Power to pass on high cost of importing and transporting coal into India, plus the cost of transmitting the electricity across the border onto Bangladesh. Critics expressed concerns over the quoted coal price of $400/MT, which they considers excessive compared to other thermal plants, where coal costs less than $250/MT. Additional concerns include high capacity and maintenance charges, which apply even when no electricity is generated. Bangladesh’s Need for Power Imports: Bangladesh has expanded electricity access, especially in rural areas, but still faces fuel and gas supply constraints, leading to underutilization of its
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