India’s energy demand is expected to grow at about 3% per annum till 2040, which necessitates the development of more clean power sources to fulfil this demand. India aims to meet 50% of the nation’s energy requirement through green energy sources by installing 500 GW of non-fossil fuel-based energy sources. In this context, the Indian power sector has introduced various policies to encourage investors and developers to establish more renewable energy plants.

With India’s ambitious 2030 clean energy targets and the 2070 net-zero goal, more was expected from the Union Budget 2023-24 to increase the uptake of electric vehicles (EVs) and solar photovoltaics (PVs). Currently, the EV market is struggling because of low penetration rates, and solar PVs have high production costs. Integrating EVs and solar PV systems could be a viable option for electric mobility in India, but without concessional financing available, the cost of solar projects would be too high, resulting in increased EV charging costs for consumers.

Uttar Pradesh, the fourth largest state in terms of land area, is the most populated state in India, accounting for over 16% of the country’s total population. As of January 2023, the installed capacity for power generation in Uttar Pradesh was about 31.4 GW, with thermal energy accounting for the majority (82% of the total installed capacity), followed by solar energy (8%) and biomass (7%).

Featuring “green growth” as one of its seven priorities, Union Budget 2023-24 announced some encouraging initiatives towards meeting its environmental targets. While many of these would indirectly aid air pollution control – a critical component of green growth – comprehensive proactive steps to tackle the rising air pollution were given a miss.

The climate crisis is no longer a distant event that might happen in the future. It is here, bringing new and previously unimaginable challenges. Temperatures are rising, rainfall patterns are shifting, and extreme events such as record-high temperatures and heavy rainstorms are becoming more common.

This year in India, the month of February was the hottest so far since 1901. According to a study in The Lancet, published in July 2021, with two decades of data (2000-2019), more than five million people died on average each year worldwide because of extreme temperatures.

Over the past decade, digitalisation has been expedited across all industries. This has enabled businesses to store, manage, and remotely retrieve large amounts of both critical and non-critical data. In addition, improvements in the precision of global navigation systems, expansion of trade and commerce, increased access to quality education, and other data-intensive procedures have contributed to an elevated quality of life and heightened productivity.

With an increasing number of countries setting strong net-zero targets, there is a global push for the gradual discontinuation of fossil-fuel usage and the large-scale adoption of renewable energy (RE). In this context, green hydrogen is seen as the fuel of the future, with various governments and energy companies betting on it.

In recent years, blockchain technology has made significant strides across various industries, from finance to supply chain management.

Recent studies show that 67% of public transport commuters in India shifted to private vehicle ownership after the initial Covid-19 crisis (during 2021-22). Around 96% of these new vehicles were internal combustion engine vehicles (ICEVs) and will be in use for at least a decade, creating around 18.8 MtCO2 emissions annually.
Our analysis infers that if all of the newly added vehicles in India (during 2021-22) were electric vehicles (EVs), around 9.5 MtCO2 of emissions could have been avoided annually.

The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) is a national poverty alleviation programme that provides 100 days of guaranteed wage employment to rural households whose adult members demand unskilled manual work. The scheme includes more than 260 activities (called ‘works’) that are categorised into natural resource management (NRM)-based and non-NRM-based rural development works.