Government to assist TERI in setting up energy transition centre

The Minister made this announcement at the 23rd edition of the World Sustainable Development Summit (WSDS) being organized by TERI, in New Delhi. He said that the institute would be expected to play a pivotal role in identifying pathways for sustainable energy transition and fostering innovation in the renewable energy sector.

Addressing the summit delegates during a session on “Energy Transitions for People, Peace, Prosperity and our Planet”, the Union Minister emphasized India’s leadership in climate action and energy transition. He highlighted India’s remarkable progress and said: “44% of our power generation capacity is from non-fossil-fuel sources. About 180-plus GW of total capacity of 427 GW is from non-fossil-fuel sources, most of which is renewable capacity.Our rate of energy transition is unmatched. We are the only country issuing bids for round-the-clock renewable energy.”

Singh said that India is the only major economy which has achieved both NDCs way ahead of schedule. “When neutral observers graded us, they rated India as the only major country whose energy transition actions are consonant with sub-2-degrees raise in global temperature,” added the Minister.

Singh said that the developed countries must realize that no country is going to compromise on their development trajectory. “They need to vacate carbon space so that developing countries can develop.” He further said that the per capita emissions of developed economies are about 4 times the global average. “The discourse is hypocritical, since nobody talks about per capita emissions, which are the nub of the problem. The argument to do away with coal is a red herring, since it is not just coal, but gas too which emitscarbon dioxide and also methane. None of the COP gatherings has addressed this.”

The Minister said that developed countries did not add energy storage capacity, due to which prices are high…He said that while India does not need financial assistance, other developing countries need access to finance and technology in order to grow.

Chairperson of TERI Governing Council, Nitin Desai, speaking on India’s commitment to sustainability, announced the establishment of this Centre in Hyderabad, in partnership with the government. This centre aims to develop comprehensive energy transition pathways, not only for India but also for other nations.

Director-General, TERI, Ms. Vibha Dhawan concluded by reiterating TERI’s commitment to sustainability and its dedication to driving meaningful change. She emphasized the importance of collaboration and innovation in tackling the pressing challenges of climate change and building a more sustainable future for generations to come.

Tags: Energy Transiotion, Power Minister, R K Singh, TERI