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February 2024:
News,Views and Updates from TERI
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Dear Reader,
The 23rd edition of the annual flagship event of TERI—the World Sustainable Development Summit (WSDS) was held in New Delhi from February 7-9, 2024, under the umbrella theme ‘Leadership for Sustainable Development and Climate Justice.’
The Summit was inaugurated by Hon'ble Vice-President, Shri Jagdeep Dhankhar, and received a message from the Hon'ble Prime Minister, Shri Narendra Modi, endorsing that the WSDS’ theme “underscores the need for bold steps, decisive action and clear direction for a sustainable and equitable future”.
The three-day Summit brought together global leaders from diverse sectors to address interconnected issues and deliberate on cover themes like integrating sustainable development, nature-based solutions, adaptation and resilience, sustainable consumption, and lifestyles, addressing the energy trilemma, and climate action.
Through its constructive engagement, the Summit, along with the Act4Earth initiative, aims to strengthen dedication across all spheres to enhance ambition and action to create a more sustainable and equitable world for present and future generations.
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Emphasizing the need for unified, concerted efforts to address climate change, the Hon’ble Prime Minister Shri Narendra Modi, in his message for the inaugural session of the 23rd edition of the WSDS, underscored, “the WSDS has catalysed partnerships and collective action to address one of the most urgent challenges of our times.”
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At the inaugural session of the WSDS 2024, Hon’ble Vice President of India, Shri Jagdeep Dhankhar stressed on the crucial role of sustainable development and climate action for a secure future. He emphasized the global nature of challenges and India's leadership in integrating sustainability into national planning and green initiatives. Calling for collaboration and innovation, he urged for concerted efforts towards a sustainable world guided by inclusive development principles. The Hon’ble Vice President said, “Let this Summit be a catalyst for action, inspiring us to redouble our efforts and work towards a world where the principles of sustainable development guide our every decision.”
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The plenary session titled “Spotlight: Energy Transitions for People, Peace, Prosperity, and our Planet” at the WSDS 2024 highlighted India's leadership in climate action. Shri R K Singh, Hon’ble Cabinet Minister (Power, New & Renewable Energy), emphasized India's significant reliance on non-fossil fuel sources for power generation. The Union Minister has announced the setting up of a Centre for Energy Transition, as a collaborative initiative between the Government of India and TERI. He said the institute would play a pivotal role in identifying pathways for sustainable energy transition and fostering innovation in the renewable energy sector.
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During the inaugural session, Shri Bhupender Yadav, Hon'ble Minister of Environment, Forest, and Climate Change, Government of India, noted, "India is one of the nations that has revised its NDCs upward indicating deep commitment to enhanced climate action and further submitted our long-term low emission development strategy at COP27 in Egypt." He concluded on the thought, “we believe in fighting climate change and ensuring climate justice.”
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Sustainable Development: Where is Sustainable Finance?
“It is time that we seriously begin to find policy instruments to mitigate or reduce the physical and transition risks of climate and mandate the domestic financial system to rise to occasion. Such instruments would involve the regulators notifying a precise and consistent taxonomy for green investments while enabling systemic provisions for the risks to be covered,” writes Mr RR Rashmi, Distinguished fellow, TERI.
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India's Remarkable Journey Towards Energy Transition
"The key to the realization of energy transition goals in the country would critically depend on preparing the key stakeholders and people likely to be affected by the transition, making the transition equitable and inclusive, and the capacity of states to translate the goals into actionable pathways and implement them in the mission mode,” writes Mr AK Saxena, Senior Director, TERI, in his op-ed in the Economic Times.
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TERI’s Solutions for Sustainable Development, a compilation of 60 ‘knowledge products’ to instill the practice of sustainability for a wide range of stakeholders, was unveiled by the Hon’ble Vice President of India, Shri Jagdeep Dhankhar, during the WSDS 2024.
These solutions are the tangible pathways for effective realization of sustainable development by the global community.
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SDG Blueprint for Sustainable Agriculture
This study aims to provide insights into the interlinkages between sustainable agriculture and other SDGs in India. It has identified potential synergies and trade-offs. Additionally, the research has mapped relevant stakeholders and their roles in adopting sustainable practices, which will help inform decision-making in the future. The research has incorporated the potential of value chain components, including pre-production, production, and post-production activities, to ensure the adoption of sustainable agricultural practices across the chain.
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Concentrating Solar Power Plants with Storage: Deployment Essential Now
In the TERI’s discussion paper titled “Roadmap to India’s 2030 Decarbonization target”, the creation of 500 GW non-fossil fuel capacity by 2030 was found to be feasible though challenging. The paper articulated that for achievement of India’s 2030 targets announced at COP26, there is a need for creation of large storage projects, including setting up concentrated solar power (CSP plants with storage).
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Benchmarking Industrial Water Use Efficiency in India Opportunities for Water-Intensive Industries
This policy brief aims to review the current water use practices in water intensive industries (viz. Thermal Power Plants, Pulp & Paper, Textile and Iron & Steel) and attempts to facilitate the setting up of the potential benchmarks for water use in water-intensive industries in India through identified water saving interventions as well as technical and policy recommendations. It would serve as a guiding roadmap for these industries to attain the goal of improving water use efficiency. water-intensive.
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Assessment of Bio-CNG as a Vehicular Fuel in India
The report presents a comprehensive understanding of the environmental and social benefits arising from using Bio-CNG as a sustainable vehicular fuel, especially for providing affordable mobility in rural areas.
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Accelerating the Growth of Green Bonds in India
The policy brief explores the challenges that have hindered the growth of the green bonds market in India, both, at the macro sovereign-market level, as well as the micro level of issuances. It recommends measures to overcome these challenges, namely through taxonomy and standardization, fiscal and policy levels, awareness-building strategies, and innovative issuance strategies.
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Just Transition Framework for a Sustainable Future in India’s Coal Mining Regions
This report delves into the principles, and strategies to ensure a Just Transition in India's coal sector and suggests a Just Transition Framework for India’s Coal Mining Sector. Drawing from historical contexts, global best practices, and India's unique challenges, it provides a comprehensive roadmap for stakeholders at all levels of governance in India.
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Integration Of Tadox® Technology To Achieve Net Zero In Textile Wastewater Treatment: Policy Recommendations Based On Pilot Study in a CETP
The study recommends policy shifts to encourage AOP adoption like TADOX®, ZLD guideline revisions to include TADOX® use, and renewable energy integration within treatment systems. These actions, aimed at the Major regulatory Body like the CPCB and SPCBs in the Country, are crucial steps toward fostering sustainable industrial frameworks.
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India’s Electricity Transition Pathways to 2050: Scenarios and Insights
The report examines the power system flexibility with high penetration of renewables, providing insights into technical and operating interventions. In line with India’s announcements at COP26, No Fossil-fuel Scenario (NFS) of the study suggests that with coal phasing down after 2030, battery storage capacity with a longer duration would aid in balancing daily and seasonal intermittency with support from pumped hydro storage. The increasing penetration of renewables, batteries and EVs create an even more challenging context in system planning. Power sector planning now needs a holistic approach across the centre and state to coordinate multiple stakeholders while ensuring India’s energy security and affordable energy price.
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In a significant collaboration, The Energy and Resources Institute (TERI) has officially entered into a TADOX® Technology and Trademark License (TTLA) Agreement with Ion Exchange India Ltd, aimed at commercializing TERI's patented wastewater treatment technology for industrial applications.
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The ‘Conference on Disaster Resilience’, a day-long on-site conference and expo, was held at India Habitat Centre, New Delhi on 15th February 2024. The conference saw DM experts, prominent policymakers and top practitioners of Disaster Risk Reduction & Resilience (DRR) segment from both public and private sector brainstorm and deliberate on contemporary and thematic topics.
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TERI along with the Ministry of Education and Ministry of Environment, Forest and Climate Change (MOEFCC) organized the GREEN Olympiad Felicitation Ceremony to acknowledge the participation of students and celebrate their performance in this academic year.
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Copyright @ 2024
TERI
TERI (The Energy and Resources Institute)
Darbari
Seth Block, Core 6C, India Habitat Centre,
Lodhi Road,
New
Delhi -
110 003, INDIA
Tel. : (+91
11) 2468 2100, 7110 2100
E-mail : mailbox@teri.res.in |
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