The Ministry of New & Renewable Energy is conducting a program on Renewable Energy namely “New Frontiers” as part of Azadi ka Amrit Mahotsav celebrations. The program will be held from 16th February to 18th February 2022.
As part of the program, the Ministry will conduct a physical event on the topic titled, “India’s Leadership in Energy Transition” at Vigyan Bhawan on 16th February 2022. Union Minister for Power and New and Renewable Energy, Shri R.K. Singh and Minister of State for New and Renewable Energy, Shri Bhagwant Khuba will give special address. A video on “Citizen-Centric Energy Transition – The India Story”, including the highlights of Energy Compacts will be played. A conversation with the Union Minister for Power and MNRE Shri R.K Singh will be held thereafter along with a Q&A session with students and think tanks. Industry Leaders who have submitted their Energy Compacts (EC) will be felicitated by the Minister & Minister of State. The launch of the Energy Compacts (EC) booklet is also part of the felicitation program.
The Ministry will organize three webinars on 17th February 2022, namely, “Women in RE- Call for Action”, “Role of ISA in Energy Transition”, and “Role of clean-tech start-ups and climate entrepreneur in providing clean and affordable energy”.
On 18th February 2022, the final day of the program, a brainstorming meeting on “Roadmap to achieve net-zero carbon emissions by 2070” will be organized on a virtual platform. The program will begin with a Welcome address and setting the context by Director General of FICCI, followed by a Keynote Address by Hon’ble Minister of Power and NRE. A brainstorming session will be conducted involving the MNRE, MOP, MOEFCC, Indian Railways, Principal Secretaries from leading renewable energy States, Public Sector Enterprises (BEE, NTPC, SECI, PGCIL, etc.), Industry and other stakeholders (CEA, CERC, SERC, etc.) to understand key issues in respect of achieving the net zero goal and pathways for energy transition.
(Release ID: 1798426)
Visitor Counter : 610
Minister of Environment, Forest and Climate Change, Shri Bhupender Yadav held a meeting with H.E. Dr Sultan Al Jaber, UAE Climate Envoy and Minister of Industry and Advanced Technology virtually today and discussed issues relating to COP 26, renewable energy and other related matters.
Stating that renewable energy and energy efficiency are among the key pillars of Indian climate change strategies, Shri Yadav mentioned that under the dynamic leadership of Prime Minister, Shri Narendra Modi, India has worked to make sure that renewable energy, particularly solar, becomes cheaper than energy from fossil fuels.
At a high-level interaction with UAE Climate envoy His Excellency Dr Sultan Al Jaber stated that India attaches great value to its bilateral partnership with the UAE in all areas including combating climate change. pic.twitter.com/8OOOlFsZb0
— Bhupender Yadav (@byadavbjp) September 8, 2021
The Minister further mentioned that India has already installed about 151GW of non-fossil fuel installed capacity with 39 percent of the total capacity installed and going ahead, India has declared an aspirational target of installing 450 GW of renewable energy by 2030.
The Environment Minister also mentioned about India’s Hydrogen Energy Mission, global initiatives such as International Solar Alliance (ISA), Coalition of Disaster Resilient Infrastructure (CDRI) and leadership group for Industry Transition (LeadIT) and underlined the need for prioritizing the concerns of developing countries, particularly in areas of implementation support including finance and technology
Dr Sultan Al Jaber, UAE Climate Envoy and Minister of Industry and Advanced Technology sought support of India for the UAE Initiative on Agriculture Innovation Mission for Climate (AIM-C) along with US and UK to be launched at COP26 to be held in Glasgow later this year.
(Release ID: 1753252)
Visitor Counter : 289
Read this release in:
Sky, Europes leading media and entertainment company, has today announced it has met its target to source 100% renewable electricity across its entire business, as it continues towards its ambition to be net zero carbon by 2030.
Skys offices, retail stores and journalism hubs across the world are now powered by renewable electricity* which has in turn contributed to a 22.7% reduction in emissions across Scopes 1 & 2 from the 2018 baseline.
Sky has also published the reporting methodology for its Scope 3 emissions which are responsible for 98% of its total value chain emissions and includes the use of Sky products in customers homes and the emissions of its supply chain. By sharing its approach in full, Sky hopes to enable and inform others on the journey to net carbon zero, because transparent reporting is critical in the Race to Zero and staying on a 1.5° pathway.
As recognised in the GHG Protocol Scope 3 Corporate Value Chain Standard, Scope 3 calculations commonly rely on estimated approaches. Sky is working with suppliers and industry peers to replace estimates with primary data with the goal of using more accurate tracking and reporting to accelerate progress to net zero.
Fiona Ball, Sky Group Director Bigger Picture, said: Transparently sharing data on our net zero transition is central to Skys approach. We know that business can accelerate the journey to a zero-carbon future by sharing knowledge, learnings and data as freely and widely as possible. We have published our Scope 3 reporting methodology to enable others to go on the journey with us, because net zero wont be achieved by individuals but through collective action.
Sam Kimmins, Head of RE100, said: Congratulations to Sky on achieving their RE100 goal of 100% renewable electricity! As one of the pioneering early members of RE100, its great to see Sky realising their bold ambition. We are looking forward to continuing to accelerate change towards zero carbon grids together with Sky and their growing group of RE100 peers.
Sky has met its RE100 commitment to source 100% renewable electricity by 2020, through on-site generation, buying renewable electricity tariffs that are backed-up by traceable certificates, and where it cant control the tariff, Energy Attribute Certificates. Sky has also set the ambitious target of generating at least 20% of its own electricity on all new buildings and large refurbishments.
*In line with RE100 reporting standards, where existing contracts cannot be changed or influenced, Sky has purchased traceable renewable energy certificates aligned to the location it generates and retired them from the market in the same year as the energy is used.
Read Skys Impact Report: Seeing the Bigger Picture
Sky is Europes leading media and entertainment company and is proud to be part of the Comcast group. Across six countries, we connect our 23 million customers to the best entertainment, sports, news, arts and to our own award-winning original content.
Our technology, including the market leading Sky Q, connects people to everything they love with entertainment from Sky TV, Netflix, Disney+, Amazon Prime Video and BBC iPlayer and apps like Spotify, YouTube, BBC Sounds, Highbrow, Fiit, and more, in one place, easy. Our streaming service, NOW TV, brings viewers all the enjoyment of Sky with the flexibility of a contract-free service.
Building on the success of Sky Originals like Chernobyl, Bulletproof and Brassic, we are doubling our investment in original content by 2024 through Sky Studios. Sky News provides impartial and trustworthy journalism for free, while Sky Arts, the UKs only dedicated free-to-air arts channel, makes the arts accessible for everyone. Our new TV and movie studio, Sky Studios Elstree, is expected to create over 2,000 new jobs and generate an additional £3 billion of production investment in the UK over the first five years alone.
We believe that we can be a force for good in the communities in which we operate. Were committed to being Europes first net zero carbon entertainment company by 2030 and were proud to be a Principal Partner and Media Partner of COP26. We take pride in our approach to diversity and inclusion: weve been recognised by The Times and Stonewall for our commitment to diversity and weve set ambitious 2025 targets to continue to increase diversity and representation. Were also committed to investing £30million across our markets over the next three years to improve our approach to diversity and inclusion, and to tackle racial injustice.
Modelling by the technology group Wärtsilä has revealed that major system-wide benefits are in reach for European power producers that rapidly replace coal with renewable generation & flexibility: from avoiding fuel & carbon costs – to new clean power export opportunities.
Energy system modelling of Germany and Ukraine – two key European countries with vastly different power systems and policies to phase-out coal – shows that the coal capacity gap can be met cost optimally with renewable electricity coupled with flexible resources, i.e. flexible thermal power plants and energy storage.
Our analysis from both sides of the coal exit spectrum is clear: value has been eroded from coal by low-cost renewable baseload. The coal phase-out presents myriad opportunities for European countries to cut production costs, achieve energy independence and create revenue through society-wide sector coupling. Flexibility is key to levelling up variable renewables to fulfil a baseload role to realise these benefits, said Jan Andersson, Market Development Manager for Europe, Wärtsilä Energy.
Wärtsilä modelled a Fast Phase-out 2030 scenario in which Germany eliminate coal-fired power by 2030 (eight years ahead of target) highlighting that the value of coal-fired power would be eroded by building 13 GW of new renewable capacity annually. Key insights for Germany include:
- Additional renewable baseload makes Germany less dependent on imports from neighbouring countries during the coal-phase out years, shifting from a net importer to net exporter in the 2030s.
- Germany could save up to 600m tonnes of CO2 by 2045, equivalent to 81% of its national carbon footprint today (compared to phasing out coal by 2038).
- To meet heating demand as coal is phased-out, plus to balance the influx of new renewables, up to 12 GW of flexible gas-powered Combined Heat & Power (CHP) is required.
In Germany, decisions taken in the next few months will determine whether they ramp up power imports (racking up cost and carbon) from neighbouring countries to fill the capacity gap, or pave the way to becoming a net exporter of clean power to the rest of Europe, Jan Andersson added.
Wärtsilä modelled the outcome of a key decision Ukraine must make in coming months: whether to modernise or retire its coal – to meet its national emission reduction targets. Key insights for Ukraine include:
- The power system relying on modernised coal is EUR 5.2 billion (10%) more expensive for consumers over 10 years, mainly due to the cost of domestically produced and imported coal to run its fleet of power stations.
- Modernising Ukraines coal power stations will emit 53 million tonnes (32%) more CO2 than retiring and replacing coal with a mix of low carbon technologies between 2022 and 2031.
- A new cost optimal system, based on 32 GW of new renewables and flexibility, would save EUR 500 million annually on the cost of generated electricity by 2031.
Unlike Germany, Ukraine is not currently able to incentivise its coal exit, so it is vital that they find the lowest cost path to cleanly meeting power demand. Our modelling gives a clear outcome: modernisation of coal is far more costly than retirement and leaves the system more exposed to climate risk, whereas investments into renewables, plus battery energy storage and gas balancing, lead to system-level cost savings, added Igor Petryk, Market Development Director, Wärtsilä Energy.
About the modelling
The Germany and Ukraine models were completed by inputting power system data and scenario definitions into the PLEXOS System Optimiser platform. The platform is focused on finding the cost optimal energy mix by finding the lowest cost solutions for defined scenarios. In the optimisation process all defined real-life constraints are considered, as well as hourly dispatch and capacity additions.
Webinar recording: Value of flexibility is recognised in Germany
White paper: Flexibility to future-proof the Ukrainian power system
Wärtsilä Energy in brief
Wärtsilä Energy leads the transition towards a 100% renewable energy future. We help our customers in decarbonisation by developing market-leading technologies. These cover future-fuel enabled balancing power plants, hybrid solutions, energy storage and optimisation technology, including the GEMS energy management platform. Wärtsilä Energys lifecycle services are designed to increase efficiency, promote reliability and guarantee operational performance. Our track record comprises 74 GW of power plant capacity and more than 80 energy storage systems delivered to 180 countries around the world.
Wärtsilä in brief
Wärtsilä is a global leader in smart technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation, total efficiency and data analytics, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2020, Wärtsiläs net sales totalled EUR 4.6 billion with approximately 18,000 employees. The company has operations in over 200 locations in more than 70 countries around the world. Wärtsilä is listed on Nasdaq Helsinki