To boost the scope of renewable energy, India should revise tariffs generated from biomass energy (a renewable source) such that their pricing is equivalent to those of coal and diesel, an expert said here Wednesday.
The Power Ministry will soon approach the Cabinet with a proposal to introduce stringent rules for buyers and sellers of renewable energy, besides making amendments to the provisions in the overall tariff policy, Union minister Piyush Goyal said Tuesday.
Even as the world is faced with the growing threat of climate change, it already has the means to build a more sustainable world and avert widespread disruptions and destruction if there is a will to act, Dr R.K. Pachauri, the head of the UN Intergovernmental Panel on Climate Change(IPCC), said Tuesday.
In order to cut down on time needed for financial closure of renewable energy projects, PTC India Financial Services and PFC Green Energy Wednesday signed an initial agreement for facilitating joint financing of those plants.
With the threat of climate change looming large, it is important to close the nuclear power fuel cycle so that the base fuel could be used more efficiently. With a closed fuel cycle, nuclear power is almost akin to renewable energy, said a senior official here.
Emphasising on the need to decarbonise electricity generation, Intergovernmental Panel on Climate Change (IPCC) chairman R K Pachauri on Saturday termed as a "wasteful approach" by the government to opt for coal-based power projects and pressed for the use of renewable and nuclear energy sources to satisfy the country`s power needs.
India today offered assistance to Sudan for developing renewable energy recources in the African country and also extended support for resource assessment and training in wind and solar energy sectors through technical institutions.