Bill McKibben writes: There’s nowhere else on the planet right now where the dichotomy between two potential futures–one where we address the climate change crisis, one where we ignore this momentous threat and continue with business as usual–is playing out in such an explosive way as Australia, with Gautam Adani’s Carmichael mine at its centre.
Down to Earth reports: With his executive order, which lifts the ban on coal production and lifts restrictions on production of oil, natural gas, ‘clean coal’ and shale energy, U.S. President Donald Trump has literally started the process of dismantling the Paris Climate Agreement— the landmark international pact adopted in 2015 to fight climate change.
The National Geographic reports: Arunabha Ghosh, chief executive officer of India’s Council on Energy, Environment and Water, an environmental group, estimated that natural disasters exacerbated by climate change cost the Indian government roughly $30 billion (US dollars) between 2010 and 2015. That number will likely rise along with the global temperature, according to his research.
Nagraj Adve writes: In any economy primed to continuously expand, technological improvements alone can only help so much. While being stunned by Trump’s victory, let’s neither underestimate nor render invisible the inherent, long-term economic tendencies that prevent greenhouse-gas emissions worldwide from declining as the science demands they should. In fact, they may well rise again.
Greenpeace reports: India remains committed to one of the most aggressive programmes to build new coal plants (some 600 of them) that the planet has ever seen. Yet, 94% of the coal power capacity currently under construction will be lying idle. What’s more, solar power’s now cheaper than coal power, by the government’s own admission.
Global Risk Insights reports: Recent developments suggest that India has been seeking to leverage its ratification of the Paris Agreement. Specifically, the Modi Government has claimed it will only be able to meet emissions reduction targets if it rapidly expands its capacity to produce nuclear energy, which would be difficult to achieve without NSG membership. Global
Katherine Ross reports: Last month’s release of India’s ambitious year-on-year solar energy capacity targets chart a roadmap for achieving the country’s 2022 goal. This sequence of yearly targets—as opposed to an assumed growth trend between current capacity and targeted capacity—shows that India is making concerted plans to reach its goals announced at the Paris talks.
Instead of the scenario envisioned by many Peak Oilers, it’s likely that we will in the very near future hit a limit similar to the collapse scenarios that many early civilizations encountered when they hit resource limits. We don’t think about our situation as being similar, but we too are reaching decreasing resources per capita.
CoalSwarm’s new report details how India has a total of 243 GW of coal plants under development, threatening to derail its renewable energy ambitions, leading to either locked-out renewables or stranded coal plants. It would push the country towards more expensive and underutilized coal plants at the expense of lower cost and cleaner renewable energy.
Bangladesh’s 1,320 megawatt Rampal coal power project threatens to devastate the Sundarbans and the communities whose livelihoods depend on it. If completed, it will consume about 13,000 tons of imported coal daily, result in over six miles of river dredging each year, discharge highly toxic sludge, and release ten million tons of carbon dioxide annually.
The Centre’s recent directive to state-owned power generation firms to stop coal imports and instead buy domestic coal, saw skeptical voices warning against seeing it as a sign of new commitment to reduce coal consumption. However, there’s good reason to the hope that India may be moving away from coal, irrespective of the government’s intent.
The way we get electricity is about to change dramatically, as demand for fossil fuels comes to an end— in less than a decade. According to a Bloomberg New Energy Finance forecast, massive shifts are coming soon to power markets because electric cars and affordable battery storage for renewable power are arriving faster than expected.
Bloomberg reports that cheaper coal and gas will not derail the decarbonisation of world energy. By 2040, ‘zero-emission’ energy sources will form 60% of installed capacity. Wind and solar will account for 64% of the 8.6TW of new power-generating capacity added over the next 25 years, and for almost 60% of the $11.4 trillion invested.
The 2016 edition of BP’s authoritative Statistical Review of World Energy offers some startling revelations. According to the report, India’s share in global coal consumption exceeded 10% in 2015, for the first time ever, while its oil consumption too set an all-time record. India also registered the largest increase in carbon emissions from energy use.
Shripad Dharmadhikary reports: As the summer has progressed, stories of the impacts of drought and water scarcity have been coming up, mostly highlighting the conditions of farmers, cattle and problems of domestic water supplies in villages, towns and cities. However, what’s not reported is the situation with industries, particularly the coal based thermal power plants.
India in its INDC pledged to achieve 40% cumulative electric power installed capacity from non-fossil fuel based energy resources by 2030. The carbon cess will help provide a clear and direct indication to the market of rising regulatory risks that hover over the fossil fuel industry and build business confidence in the non-fossil fuel industry.
Water shortage, high pressure on our natural resources, and the looming consequences of Climate Change will force India’s authorities to adapt a paradigm shift. But the real concern is whether this’ll happen before our agricultural lands is spoiled, food and water security degraded, public money wasted, and our environment reaches a point of no return.
Nikhil Dey & Aruna Roy writes: The cynical attitude towards the MGNREGA is an example of how policymakers are deliberately — by squeezing funds and subverting the legal mandate of the law — causing immeasurable misery and suffering. Through the fund squeeze, the government has consciously crippled the MGNREGA’s ability to help people facing drought.
The Centre has proposed modification of green laws to impose a fine up to Rs 20 crore on major environment violators, who would also have to pay a daily fine of Rs 1 crore if the damage continues. Another green law will prevent violators from taking shelter under a legal cover for non-payment of fines.
Juan Cole writes: In 2015 energy companies invested more in new renewables power plants than in fossil fuel plants for the first time in history. The majority of these plants were planned for developing countries, a sign that the technology is now viewed as less expensive. It is clear there is a secular trend upwards.