Below are the some of the important news in the Energy Field across the World between 21.9.2020 and 27.9.2020.
1) Ashish Khanna, president of TATA renewable energy has stressed the need more policy incentives from the Government for setting up local manufacturing units of renewable energy products. He says the technology change in this industry is happening every 3 – 4 years and the industry needs huge investments to scale.
2) Chinese President Xi Ping says that China will be carbon neutral by 2060 – . China is responsible for 25% of global greenhouse gas emission which is responsible for global warming. With post-pandemic love affair with coal and no details on how to achieve the carbon neutrality, the question is will China really be carbon neutral by 2060.
3) US parliament has passed a bill to enhance energy efficiency and clean energy. They have planned to phase out coolants in refrigerators and ACs which are major contributors of global warming.
4) Validity of FAME II (the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles) certificates for approved electric vehicles are extended up to Dec 31, 2020, by the Govt. of India
5) The Government has sanctioned 670 E buses for Maharastra, Goa Gujarat and Chandigarh and 241 charging stations in Gujarat, MP, Kerala, TN and Port Blair. 25 charging station In Trichy Tamil Nadu
6) Indian Oil is expanding its plastics products to increase profits. It is planning to make products for packaging and textile industry
7) Digital and Electric combined together are the path to smart and green energy – Jean-Pascal Tricoire, Chairman, Schneider Electric
8) Decision on Basic Customs Duty on Solar Equipments is expected soon by the Government of India. MNRE had a discussion with the Ministry of Finance and Ministry of Heavy Industries. Government has also asked manufacturers to provide a list of machinery and capital goods that should be exempted from Basic Customs Duty.
9) NITI Ayog has drafted a proposal to Government of India to provide Rs. 33,000 crore incentive to set up advanced battery manufacturing facilities. The draft says oil imports can be reduced by Rs. 30,000 crores by 2030 if Electric vehicles are widely adopted. Next Financial Year an incentive of 900 crores may be released and this may be gradually increased. It also proposes to retain the import tax of 5% on certain batteries and this may go up to 15% after 2022. From the current status of 50 GWh and Rs. 15,000 crore market, the battery manufacturing industry is estimated to reach 230 GWh and Rs. 1 lakh crore in the next ten years.
10) California has decided to ban all gas-powered cars by 2035 and medium and heavy-duty gas power trucks by 2045 to prevent pollution.
Watch Energy News in Tamil here
If you find any news that I may have missed or if you want updates from any specific energy sector, please let me know in the comment section.
