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With only weeks from the most important UN climate event or COP27 happening in Egypt's coastal city of Sharm El-Sheikh amid a growing realisation that the impact of climate change is here and the world needs to come together to act now, <keyword id="105681" type="General" weightage="20" keywordseo="IANS" source="Orion">IANS</keyword> takes a look about how <keyword id="3658" type="General" weightage="80" keywordseo="india" source="Orion">India</keyword>'s updated climate plan, comprising 45 per cent reduction in emissions intensity by 2030, adds to set a good momentum. According to a new study published in the prestigious journal Nature Communications and authored by researchers at Lappeenranta-Lahti University of Technology (LUT), who modelled the Indian power sector transition in a state-wide resolution on an hourly timescale up to 2050 for the first-time, the authors estimated that the cost of electricity can come down by 40 per cent. Solar will become cheaper to be one-fifth of coal by 2030 and one-tenth of it by 2050. They say coal plants will be at a risk of becoming stranded during the transition period as they have very low capacity factors. And coal can phase out from some of the major coal dependent states like <keyword id="6357713" type="General" weightage="50" keywordseo="uttar-pradesh" source="Orion">Uttar Pradesh</keyword>, Odisha, West Bengal, <keyword id="13126" type="General" weightage="50" keywordseo="maharashtra" source="Orion">Maharashtra</keyword>, Gujarat and Jharkhand by 2040. "Moving to solar is the obvious choice for <keyword id="3658" type="General" weightage="80" keywordseo="india" source="Orion">India</keyword>. Not just the cost of solar, the cost of battery storage is expected to drop further making it even easier for grid balancing and managing peak demand. Our study shows that any new investments in fossil fuel based thermal power capacity today is economically unviable and could be a burden for a future flexible power system," Manish Ram, an author of the study, told <keyword id="105681" type="General" weightage="20" keywordseo="IANS" source="Orion">IANS</keyword>. The recent slew of policies show that India is serious about meeting its 2030 decadal targets, which can set the pathway for its 2070 net-zero decarbonisation, pledged by Prime Minister <keyword id="6354477" type="General" weightage="50" keywordseo="narendra-modi" source="Orion">Narendra Modi</keyword> in November at the COP26 climate summit in Glasgow, UK. The draft National Electricity Plan 2022 (NEP2022) sees significant increase in installed solar power capacity by 2027, 2030, and a downward revision of installed coal capacity when compared to Central Electricity Authority's (CEA) Optimal Generation Capacity Mix report that was released in 2020. According to NEP22, solar targets for 2032 have increased by 18 per cent compared to India's earlier estimates. India also increased its battery storage target from 27GW of four-hour storage to 51GW of five-hour storage. Whereas 2031-32 installed coal capacity was reduced by 18GW when compared to CEA's Optimal Generation Capacity Mix 2029-30 report released in 2020. According to the International Energy Agency's 2021 India Energy Outlook, India is on track to reach net-zero emissions beyond the modelling horizon -- in the mid of 2060s. R.R. Rashmi, Distinguished Fellow at The Energy and Resources Institute, said, "We should be focussing on 2030 instead of net-zero in the long run. While net-zero is of course part of the discourse now, it needs to be seen from the context of strategic and sectoral decarbonisation policies, which are part of the long-term strategy and India is also moving in that direction. "Further enhancement of the NDCs (Nationally Determined Contributions) should await the outcome of the global stocktake, which is about a year away." While there seems to be a positive environment for India's decarbonisation with the political and policy leadership on the front, the market momentum cannot be ignored and it will drive and accelerate this pickup. A CEEW-IEA report analysed that there is a 300 per cent surge in the total value of acquisitions in India's renewable energy sector in the first 10 months of 2021, this signals an enhanced appetite for companies to invest in climate-friendly technologies. Big businesses like Adani and Reliance are betting big on clean energy as the next big pillars of their business portfolios, setting the trends for market and capital. Global energy think tank Ember released its latest analysis last week, showing that India by August had achieved two-thirds of its end of year 175 GW renewable target. Gujarat joined Telangana, Rajasthan and <keyword id="6354780" type="General" weightage="50" keywordseo="karnataka" source="Orion">Karnataka</keyword> in achieving this target. Four states account for the majority of the shortfall, namely <keyword id="13126" type="General" weightage="50" keywordseo="maharashtra" source="Orion">Maharashtra</keyword>, <keyword id="6357713" type="General" weightage="50" keywordseo="uttar-pradesh" source="Orion">Uttar Pradesh</keyword>, Andhra Pradesh, and <keyword id="6355554" type="General" weightage="50" keywordseo="madhya-pradesh" source="Orion">Madhya Pradesh</keyword>. The analysis shows that solar is becoming mainstream in India. It has experienced strong solar growth in 2022, with new solar installations rising by 22 per cent in the first eight months of the year compared to the same period last year. With the UNFCCC COP27 coming up in November, India's Environment Ministry is in the middle of developing its long-term strategy, which will give shape and contours to the net-zero target by 2070. Experts told IANS while internationally India's NDCs may not seem ambitious enough, domestically it is going much further and keeping the eye on how the next decade will chart the path for 2070.

India 2030 climate targets set momentum ahead of COP27

The Indian tractor industry sold 59,586 units last month down from 80,980 units sold during July 2021, said <keyword id="14677165" type="General" weightage="80" keywordseo="tractor-junction" source="Orion">Tractor Junction</keyword>, a digital marketplace for tractors and farm equipment. According to Tractor Junction, five states - Uttar Pradesh, Rajasthan, Maharashtra, Karnataka and Gujarat- accounted for the majority of tractor sales last month. The decline is largely due to a high base of the previous year and an uneven spread of the monsoon season. The month of July witnessed floods, water logging, and heavy rains throwing normal life out of gear for days in various parts of the country. The sales figures do not include the sales data from the states of <keyword id="6355554" type="General" weightage="50" keywordseo="madhya-pradesh" source="Orion">Madhya Pradesh</keyword>, <keyword id="37102" type="General" weightage="50" keywordseo="andhra-pradesh" source="Orion">Andhra Pradesh</keyword> and Telangana, Tractor Junction said. "The tractor sales in the month of July are down due to a higher base recorded last year. Going forward the IMD's forecast of average rain (96-104 per cent of long period average- <keyword id="180155" type="General" weightage="50" keywordseo="lpa" source="Orion">LPA</keyword>) in August and September and a good crop yield augurs well for tractor and other farm equipment volumes," <keyword id="139676" type="General" weightage="80" keywordseo="rajat-gupta" source="Orion">Rajat Gupta</keyword>, Founder, Tractor Junction said. SEE ALSO : <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/honda-power-and-hpcl-starts-electric-battery-swap-services-operations-at-petrol-stations/articleshow/93455501.cms">Honda Power starts electric battery swap services at HPCL petrol pumps</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/intel-introduces-arc-gpus-for-desktops-and-laptops/articleshow/93453279.cms">Intel introduces ARC GPUs for desktops and laptops</a>

Tractor industry sales down to 59,586 units in July 2022

New Delhi, The number of electric vehicle (EV) charging stations that are operating in the country has gone up to 12,146 as of February 2 this year, Minister of State for Heavy Industries, <keyword id="20219727" type="General" weightage="20" keywordseo="krishan-pal-gurjar" source="keywords">Krishan Pal Gurjar</keyword>, said in a written reply in the <keyword id="19895394" type="General" weightage="20" keywordseo="lok-sabha" source="keywords">Lok Sabha</keyword> on Tuesday. The data provided by the minister shows that Maharashtra leads with 3,079 EV charging stations followed by Delhi with 1,886, while Karnataka is at the third spot with 1,041 charging stations. The top three states are followed by: <keyword id="19896018" type="General" weightage="20" keywordseo="kerala" source="keywords">Kerala</keyword> (852), <keyword id="19896558" type="General" weightage="20" keywordseo="tamil-nadu" source="keywords">Tamil Nadu</keyword> (643), Uttar Pradesh (582), <keyword id="19898913" type="General" weightage="20" keywordseo="rajasthan" source="keywords">Rajasthan</keyword> (500), Telangana (481), Gujarat (476) and Madhya Pradesh (341), making up the top 10 list. The Ministry of Heavy Industries (MHI) has been making consistent efforts for facilitating the promotion of EVs in India. The FAME-II scheme inter-alia included financial support in the form of subsidy for setting up of public charging infrastructure to instill confidence among the EV users, the minister said. Further, the Ministry of Power has taken several initiatives to accelerate the deployment of public EV charging infrastructure in the country. The government has issued guidelines and standards for charging infrastructure, which enable the owners of EVs to charge their vehicles at their residence/office using their existing electricity connections. A revenue sharing model for provision of land at promotional rates for public charging stations has also been introduced and provision has been made for providing electricity connection to Public Charging Station (PCS) within stipulated timelines. The government has also prescribed the single part EV tariff for public charging stations, This amount cannot exceed Average Cost of Supply (ACoS) till 31.03.2025. The guidelines specify a ceiling of Rs 2.50 per unit and Rs 3.50 per unit of electricity used for slow AC charging of EVs at PCS during the solar and non-solar hours, respectively. Additionally, a ceiling limit of Rs 10 per unit and Rs 12 per unit of electricity used for DC fast charging of EVs at PCS during the solar and non-solar hours, respectively, has also been specified. Average cost of supply (ACoS) by DISCOMs to PCSs during solar hours shall have a rebate of 20 per cent and a surcharge of 20 per cent during all other times. The Green Energy Open Access Rules, 2022, has been notified with the objective of further accelerating renewable energy adoption, ensuring access to affordable, reliable, sustainable and green energy for all, the minister added.

India has 12,146 EV charging stations, Maharashtra leads, Delhi second

<keyword id="484749" type="General" weightage="50" keywordseo="jaiprakash-power-ventures-ltd" source="Orion">Jaiprakash Power Ventures Ltd</keyword> acquired Bandha North coal mine in Madhya Pradesh, while <keyword id="14366646" type="General" weightage="100" keywordseo="avassa-ferro" source="Orion">Avassa Ferro</keyword> Alloys Private Ltd bagged Dahegaon/Makardhokra-IV reserve in <keyword id="13126" type="General" weightage="80" keywordseo="maharashtra" source="Orion">Maharashtra</keyword> out of the eight blocks which were put up for e-auction by the government for commercial mining on Tuesday. <keyword id="14979041" type="General" weightage="50" keywordseo="madhya-bharat-minerals-private-ltd" source="Orion">Madhya Bharat Minerals Private Ltd</keyword> got Sursa reserve in Chhattisgarh, while Marki Mangli-IV coal reserve in Maharashtra was pouched by Sobhagya Mercantile Ltd. Jitpur reserve in Jharkhand was acquired by <keyword id="14979040" type="General" weightage="80" keywordseo="terri-mining-private-ltd" source="Orion">Terri Mining Private Ltd</keyword> while Rampia and Dip side of Rampia in Odisha were won by Jhar Mineral Resource Private Ltd. Basantpur coal block in Jharkhand was bagged by Gangaramchak Mining Private Ltd. Out of these eight blocks, five are full explored while three reserves are partially explored mines. The total geological reserves for these eight coal mines are 2157 million tonnes and the cumulative peak rate capacity for these reserves are 19.31 million tonnes per annum. The Coal Ministry will conduct e-auction of two more reserves on Wednesday. SEE ALSO : <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/thelife/personalities/news/regional-and-folk-singers-are-using-youtube-to-preserve-and-popularise-their-culture/articleshow/94179996.cms">Regional and folk singers are using YouTube to preserve and popularise their culture</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/indias-growth-story-more-promising-than-other-ems-says-market-veteran-nilesh-shah/articleshow/94182972.cms">India’s growth story more promising than other EMs, says market veteran Nilesh Shah</a>

Jaiprakash Power Ventures, Avassa Ferro Alloys among successful bidders for commercial coal blocks

<keyword id="3658" type="General" weightage="100" keywordseo="india" source="Orion">India</keyword> logged 8,586 new coronavirus infections taking total tally of cases to 4,43,57,546 while the active cases have declined to 96,506, according to the Union <keyword id="46535" type="General" weightage="80" keywordseo="health-ministry" source="Orion">health ministry</keyword> data updated on Tuesday. The death toll climbed to 5,27,416 with 48 fatalities which includes six deaths reconciled by Kerala, the data updated at 8 am showed. The active cases comprises 0.22 per cent of the total infections, while the national COVID-19 recovery rate was recorded at 98.59 per cent, the health ministry said. A decline of 1,142 cases has been recorded in the active COVID-19 caseload in a span of 24 hours. The daily positivity rate was recorded at 2.19 per cent and the weekly positivity rate was recorded at 3.31 per cent, according to the health ministry. The number of people who have recuperated from the disease surged to 4,37,33,624, while the case fatality rate was recorded at 1.19 per cent. According to the ministry, 210.31 crore doses of Covid vaccines have been administered in the country so far under the nationwide COVID-19 vaccination drive. India's COVID-19 tally had crossed the 20-lakh mark on August 7, 2020, 30 lakh on August 23, 40 lakh on September 5 and 50 lakh on September 16. It went past 60 lakh on September 28, 70 lakh on October 11, crossed 80 lakh on October 29, 90 lakh on November 20 and surpassed the one-crore mark on December 19. India crossed the grim milestone of two crore on May 4, three crore on June 23 last year and four crore on January 25 this year. The 42 new fatalities include seven from <keyword id="66" type="General" weightage="20" keywordseo="delhi" source="Orion">Delhi</keyword>, six each from Karnataka and Punjab, four each from Rajasthan and West Bengal, three from Haryana, two each from Bihar and Himachal Pradesh and one each from Assam, Chhattisgarh, <keyword id="6355554" type="General" weightage="20" keywordseo="madhya-pradesh" source="Orion">Madhya Pradesh</keyword>, Maharashtra, Nagaland, Odisha, Sikkim and Uttarakhand. SEE ALSO : <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/netflix-ramps-up-hirings-for-its-cloud-gaming-dream/articleshow/93723123.cms">Netflix ramps up hirings for its Cloud gaming dream</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/sports/news/india-coach-rahul-dravid-tests-positive-for-covid-19-report/articleshow/93722682.cms">India coach Rahul Dravid tests positive for Covid-19: Report</a>

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India 2030 climate targets set momentum ahead of COP27

IANS

Tractor industry sales down to 59,586 units in July 2022

IANS

India has 12,146 EV charging stations, Maharashtra leads, Delhi second

IANS

Jaiprakash Power Ventures, Avassa Ferro Alloys among successful bidders for commercial coal blocks

IANS

India logs in 8,586 new Covid infections, active cases decline

PTI

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