SYNOPSIS: WORK ENERGY OUTLOOK 2022 1. Summary and Significance of WEO - WEO is annual flagship report by International Energy Agency. - It sheds spotlight on current energy demand & consumption and its trends both globally and regionally. - Current edition of WEO is significant becasue it is released in a backdrop of World Energy Crisis caused by Russia-Ukraine Conflict. - National Energy Security issues revealed during current Energy Crisis will help accelerate the transition to cleaner energy. 2. Key takeaways of WEO 2022 and the way forward projected by it ( Opinion of Mr. Ajay Shankar from TERI) - Despite recent Government announcements or initiatives across the world, world is well set to cross 1.7 degree rise in global warming against safety threshold of 1.5deg C. - Unless the advanced economies move away VERY RAPIDLY from fossil fuels, we are headed towards a CERTAIN disaster. Distastrous consequences of global warming is clearly evident globally. - WEO glosses over (deliberately dont mention) the INACTION of developed countries. - Reading between the lines, WEO has given a wake-up call to civil society that it is getting too late to save mankind and we need to act far more aggressively. - IEA hints at the fact that economics is strongly in favour of Renewable Energy currently since the price of coal and gas is exorbitantly high due to Russia-Ukrainen conflict. 3. Stated-Policy Scenario, Pledge Scenario & Net Zero-Emission Scenario - State-Policy scenario is the future outlook based on current govt policies. - Pledge scenario is the future outlook if countries meet their pledged contribution as per their declaration in Paris Agreement 2015 and updates thereafter. This is moderately ambitious but still not enough to meet the safety threshold of 1.5deg C. - Net-Zero emission scenario is the most ambitious climate action goal which will keep global warming limited to saftey threshold. 4. WEO on India - Positive outlook in terms of India's pledges and progress. - India will face challenge in meeting its electricity demand - Next Frontier of supply chain challenge in energy transition would be Critical Minerals. 5. India's Actions and challenges for Energy Transition - Set a goal of 500GW of Renewable Energy by 2030 serving 50% of India's demand. - India has been forward-looking and announced Hydrogen Mission way before the objective factors would have suggested that it is required. - Success of EV transition is evident presently. - These two transitions i.e. electrification of transport and decarbonisation of electricity will converge by the end of this decade and will show tremendous progress towards emission targets. - Taking cognizance of geopolitics, India has announced PLI scheme for solar to reduce dependence on China. - Exploring off-shore wind energy prospects, the untapped clean energy resource. - Rich potential of distributed solar generation which can democratise energy for all consumers is still in infancy. - Financials of DISCOMS is still a concern. - Since at the root all the renewable projects are infrastructure projects, govt needs to ensure that it is done in fair and just ways without depriving anyone of appropriate compensation.
world energy outlook report by international energy agency, increase in energy demand for india , energy security and Ukraine russian crisis should be taken as opportunity in crisis for Faster transition , positive outlook wrt indias work and ambition regarding renewable energy transition hydrogen mission energy efficiency in buildings , solve discoms issue , promote solar adoption per household basis .
Solar and other sources of energy a huge measure and conjugatively utilized by globe by the global communication and nonetheless the audit due to inherent management deficit.
From AP
World energy outlook report has been explained very smoothly
SYNOPSIS: WORK ENERGY OUTLOOK 2022
1. Summary and Significance of WEO
- WEO is annual flagship report by International Energy Agency.
- It sheds spotlight on current energy demand & consumption and its trends both globally and regionally.
- Current edition of WEO is significant becasue it is released in a backdrop of World Energy Crisis caused by Russia-Ukraine Conflict.
- National Energy Security issues revealed during current Energy Crisis will help accelerate the transition to cleaner energy.
2. Key takeaways of WEO 2022 and the way forward projected by it ( Opinion of Mr. Ajay Shankar from TERI)
- Despite recent Government announcements or initiatives across the world, world is well set to cross 1.7 degree rise in global warming against safety threshold of 1.5deg C.
- Unless the advanced economies move away VERY RAPIDLY from fossil fuels, we are headed towards a CERTAIN disaster. Distastrous consequences of global warming is clearly evident globally.
- WEO glosses over (deliberately dont mention) the INACTION of developed countries.
- Reading between the lines, WEO has given a wake-up call to civil society that it is getting too late to save mankind and we need to act far more aggressively.
- IEA hints at the fact that economics is strongly in favour of Renewable Energy currently since the price of coal and gas is exorbitantly high due to Russia-Ukrainen conflict.
3. Stated-Policy Scenario, Pledge Scenario & Net Zero-Emission Scenario
- State-Policy scenario is the future outlook based on current govt policies.
- Pledge scenario is the future outlook if countries meet their pledged contribution as per their declaration in Paris Agreement 2015 and updates thereafter. This is moderately ambitious but still not enough to meet the safety threshold of 1.5deg C.
- Net-Zero emission scenario is the most ambitious climate action goal which will keep global warming limited to saftey threshold.
4. WEO on India
- Positive outlook in terms of India's pledges and progress.
- India will face challenge in meeting its electricity demand
- Next Frontier of supply chain challenge in energy transition would be Critical Minerals.
5. India's Actions and challenges for Energy Transition
- Set a goal of 500GW of Renewable Energy by 2030 serving 50% of India's demand.
- India has been forward-looking and announced Hydrogen Mission way before the objective factors would have suggested that it is required.
- Success of EV transition is evident presently.
- These two transitions i.e. electrification of transport and decarbonisation of electricity will converge by the end of this decade and will show tremendous progress towards emission targets.
- Taking cognizance of geopolitics, India has announced PLI scheme for solar to reduce dependence on China.
- Exploring off-shore wind energy prospects, the untapped clean energy resource.
- Rich potential of distributed solar generation which can democratise energy for all consumers is still in infancy.
- Financials of DISCOMS is still a concern.
- Since at the root all the renewable projects are infrastructure projects, govt needs to ensure that it is done in fair and just ways without depriving anyone of appropriate compensation.
thanks for the debates
dear sansad tv,
please dont play the videos when an expert is speaking. those videos do not let us focus on what is being said.
thank you.
GREAT INDIA GREAT INDIANS
A very productive debate
world energy outlook report by international energy agency, increase in energy demand for india , energy security and Ukraine russian crisis should be taken as opportunity in crisis for Faster transition , positive outlook wrt indias work and ambition regarding renewable energy transition hydrogen mission energy efficiency in buildings , solve discoms issue , promote solar adoption per household basis .
Very insightful.
request for english subtitles
Captions are available... As we r not provided subtitles... Look into Captions... They r also helpful 😊
Thanks sansad tv 🙏🏿
From odisha 🙏
Are you preparing for opsc ?
Most important for exam point of view
Wonderful analysis Deepak
Proud on Sansad TV
Good👍
Solar and other sources of energy a huge measure and conjugatively utilized by globe by the global communication and nonetheless the audit due to inherent management deficit.