As the human population and world economy grow, so does the energy demand. Today, the world is grappling with the daunting task of achieving a balance between energy demand and supply. However, the current energy infrastructure is neither sufficient nor sustainable. The use of non-renewable sources like coal and oil is one of the leading causes of climate change and is unsustainable, owing to its perishability. To protect the environment and address the growing energy demands at the same time, we must shift to a more sustainable energy distribution system. And that’s where the smart grids come in.
In recent years, there has been a growing focus on electric cars as a solution to reduce greenhouse gas emissions and mitigate climate change. Governments around the world are offering incentives to encourage consumers to switch to electric cars, and the media is filled with stories about new electric car models and charging infrastructure.
Climate change is not a distant threat looming on the horizon! The world is facing more and more damaging storms, floods, and droughts, which makes us think that the earth is running out of time to heal and protect itself. India needs to step up its efforts in both adaptation and mitigation, from short-term crisis reaction to long-term planning, if it wants to do something big, like reaching its net-zero emissions goal by 2070.
India is aiming to achieve the net-zero target by 2070, which was recently emphasized during the COP27 conference held in Egypt. Indian Environment Minister Bhupendra Singh delivered the official statement at the COP27 summit, and highlighted that PM Modi announced India’s aim of achieving net zero emissions by 2070 at Glasgow, and that India is escalating its efforts towards achieving the same. “Within one year, India has submitted its Long-Term Low Emissions Growth Strategy indicating low carbon transition pathways in key economic sectors”, he added.
Every part of the world is being affected by the ongoing climate disaster, which is getting worse at the fastest rate known in human history. The world economy has been hurt by climate change, which includes rising sea levels, rising temperatures, and more frequent disasters like floods, wildfires, and droughts. The Intergovernmental Panel on Climate Change (IPCC) sixth assessment report, which came out in April 2022, talked a lot about how important climate technology is because it can help lower the chance of climate change effects happening again. It is a UN group whose job it is to do scientific evaluations on climate change and its effects, as well as possible future risks and ways to deal with them. Since it was founded in 1988, the IPCC has put out a number of studies on climate change. In this age of technology, we need new technical methods right away to help people adapt to and lessen the effects of climate change. The study stressed that we can slow down climate change by using technical interventions.
India has its eyes on the target of reaching net-zero emissions by 2070. While it is mindful of the need for developing new technologies such as carbon capture, hydrogen use, etc. it is equally focused on increasing the share of renewable energy in its energy mix (various energy sources used to generate electricity). It aims at increasing renewable energy capacity from 157GW (as of March 2022) to 500GW by 2030, out of which 450 GW from solar and wind.
The ongoing humanitarian crisis in Ukraine is imprinting detrimental effects on the lives of millions and also creating a spur in the global economy. The territorial invasion by Russia managed to receive global economic sanctions, and since Russia is one of the largest exporters of fuel, these sanctions are also affecting the other nations as the global crude oil prices witnessed a sudden surge in recent months.
.jpg)
Climate Finance is an umbrella term that encompasses different kinds of financial instruments used to support activities that help develop sustainable infrastructure. It includes establishment of renewable energy plants and storage systems, efforts of adapting to changing climate conditions, developing resilience to disasters that result from changing climate and extreme weather conditions. Another aspect of climate finance is issuing loans in exchange of a guarantee from a corporation or government that they will work in line with the sustainable development goals set by either the United Nations, or is a set of mutually agreed upon terms between the lender and the borrower based on climate goals.
As the mercury keeps soaring, India is experiencing its hottest summers in 122 years. By mid-May, maximum temperatures in North India have crossed 45 degrees celsius consistently. Extreme weather cannot be attributed to a single cause. Heatwaves are a result of the compounding effect of global warming, pollution, and existing weather patterns. Researchers have pointed to another issue that is aggravating the already existing problems of heatwaves - Western Architecture.
The recent report published by the Intergovernmental Panel on Climate Change (IPCC) report revealed some of the most worrying assessments of how the increasing global temperature is affecting our whole ecosystem. In the AR6, the scientists focused on the mitigation aspect as they have already highlighted the causes and impacts of climate change in their first and second publications.
A CSR Initiative of
Designed and Executed by
Implemented by
Technology is a useful servant, but a dangerous master, it was rightly said. Electronic devices have grown into an inevitable part of our daily lives.