| | | A monthly newsletter from Shakti Sustainable Energy Foundation delivering news, research and unbiased analysis covering the key pillars of the exponential energy transition—the energy industry, energy policy, clean energy, climate change and climate justice | |
| | | Gurugram targets net zero emissions by 2050 | |
| | With rapid urbanisation, India is seeing one of the fastest construction growth worldwide. The building sector is expected to grow substantially in order to sustain the rise in population, technological advancement and rising incomes. Most of this urban growth is taking place in warm and humid climates, hot and dry and composite climate regions of India. New urban housing in India, under the Pradhan Mantri Awas Yojana (PMAY)- Housing for All (Urban) is heavily focused on construction of affordable housing for families belonging to low and medium-income groups). The spurt in building growth will fuel the demand for cooling, which is already under pressure owing to heatwaves and rising temperatures. Heat transmission from a building envelope (external walls, windows and roof) constitutes a large part of the heat gain/loss in a building. Most of the external wall construction in residential buildings in India is masonry construction using solid bricks and blocks.An appropriate choice of building envelope design and materials for walls, roofs and windows can improve thermal comfort. An adaptive thermal comfort model for residential buildings and a framework to define and regulate the thermal performance of the building envelope of residential buildings (Eco-Niwas Samhita: Part I by BEE) have been developed. India Cooling Action Plan (ICAP) identifies the implementation of Eco-Niwas Samhita as an important strategy to limit the demand for cooling in the country. With these frameworks in place, India now needs an aggressive implementation strategy and plan to mainstream thermally comfortable housing. Shakti along with GKSPL and CEPT Research and Development Foundation has undertaken a project to build a nationwide database of commonly used walling materials for construction. This database will help in the accurate estimation of Residential Envelope Transmittance Values (RETV) for the implementation of Eco-Niwas Samhita (ENS), 2018 as well as for carrying out building energy simulation for any new or existing buildings.A comprehensive database on the thermal performance of the various building materials and envelope elements is a prerequisite for the implementation of thermally comfortable housing. Shakti Sustainable Energy Foundation has been supporting work on the development of the national database on walling materials and walling assemblies. In addition, technical studies have also been undertaken in recent years to characterize the thermal performance of roofs and window assemblies . | |
| | Ministry of Steel and Shakti collaborate to catalyse decarbonisation of the steel sector | |
| | Shakti has entered into a formal understanding with the Ministry of Steel to collaborate on the decarbonisation of India’s steel sector. Shakti will provide knowledge support for Vision 2047 and Green Steel Mission. The key areas of support include developing modelling studies to develop short, medium- and long term perspectives on the growth of the sector along with carbon emission trajectories, identifying new, efficient technologies, enabling capacity building initiatives, strengthening R&D capabilities, fostering international collaboration, and designing financial mechanism to facilitate the green transition. As the world’s second-largest steel producer, the Indian steel industry is poised to see tremendous growth. Steel is a basic building block of our economy, especially the construction, automotive, aviation and appliances sectors. The steel sector is a significant contributor to industrial energy demand with a high reliance on coal. Currently the steel industry represents almost 23% of total energy inputs and 30% of industrial CO2 emissions.
Decarbonising the industry is the key to bringing down emissions and tackling climate change. The Perform, Achieve and Trade (PAT) scheme has helped to substantially reduce energy consumption and related carbon emissions from the steel sector with the adoption of energy efficient technological options. But there is the potential to do much more including setting better policies and fostering R&D. An estimate suggests that even with expected energy efficiency improvements in the iron and steel sector, direct emissions, in a baseline scenario, are set to more than treble by 2050, from around 252 MtCO2 in 2019 to 837 MtCO2.
The collaboration comes at an opportune time. India has announced an ambitious net zero target which requires deep decarbonisation from all sectors including industry. The collaboration will leverage technical expertise, knowledge-sharing and market intelligence to accelerate the transition to greener steel, which will be pivotal in aligning the country’s on-ground realities with its climate aspirations. | |
| | Greening Finance in India : Reflections and Priorities | |
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| | | The Green Indian Financial System : Deliberations in Paris |
| | | | | At COP 26, India set ambitious targets with enhanced 2030 NDCs, energy independence by 2047 along with a commitment towards net zero emissions by 2070. Accelerating and scaling up climate finance is a critical enabler if India is to meet these goals. Increased coordination and dialogue amongst relevant stakeholders is the need of the hour in order to make India’s financial system greener and more resilient.
The Agence Française de Développement (AFD), Small Industries Development Bank of India (SIDBI) and Shakti Sustainable Energy Foundation jointly host the Green Indian Financial System (GIFS) initiative, which facilitates dialogue on greening the Indian financial system between stakeholders and identifies priority interventions for climate finance actors.
The GIFS initiative held its second seminal convening from 13th-15th June 2022 in Paris (the first being the launch of the GIFS initiative in January 2022) bringing together renowned French and European experts from the financial ecosystem and policy-making bodies. This convening facilitated knowledge exchange amongst them and the attending high-level Indian delegation on issues pertaining to climate finance strategy, climate risk integration, mobilisation of private climate finance and financial regulation on climate risk and taxonomy.
The India delegation included representatives from the Reserve Bank of India, Indian Banking Association, NITI Aayog, NABARD, commercial financial institutions such as Bank of Baroda, Axis Bank, Power Finance Corporation, Aavishkar and IIFC, while the French and European Delegations included representation from the EU Commission, French Treasury, NGFS, OECD and pioneering private green funds such as Natixis, Sycomore, Carbon4Finance amongst others. The discussions culminated in the development of concrete and actionable next steps on climate risk integration, which are intended to set the stage for the final conference in Mumbai scheduled for late 2022. | |
| | MoU to promote energy efficiency in West Bengal MSMEs | |
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| | We are pleased to announce that the Department of MSME and Textiles of the Government of West Bengal has signed a tripartite MoU with Shakti Sustainable Energy Foundation and The Energy and Resources Institute to promote green, energy efficient technologies and practices among MSMEs in West Bengal. The MoU was inked by U. Swaroop, Director (DTE of MSME, West Bengal), Dr. Anshu |
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| | | Bharadwaj (CEO, Shakti) and Shri Girish Sethi (Senior Director, Energy program at TERI) on behalf of their respective organizations. The MoU was signed on 21st April 2022 in Kolkata. The key areas of collaboration include development and launch of diagnostic studies, new efficient technology promotion, capacity building and training programs, and awareness workshops for MSMEs in the state. This engagement will bring together stakeholders—including financiers, policymakers, skill developers and industry bodies—to come together and plug the oft-discussed gaps in the MSME ecosystem. This initiative aims to strengthen the capacity and resilience of MSMEs in the state and seize the opportunity for building a greener and more inclusive economy in India. __________________ |
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| | | We welcome your feedback and comments on this newsletter. Please write to us at communications@shaktifoundation.in Disclaimer: EnergyMatters is owned and published by Shakti Sustainable Energy Foundation. No person, organization or party can copy or re-produce the complete contents on this site and/or magazine or any part of this publication without a written consent from the editors’ panel and the author of the content, as applicable | |
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