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Reconciling India’s Climate and Industrial Targets: A Policy Roadmap.
Introduction
India has performed remarkably well in terms of its climate trajectory over the past decade. From 2005 to 2014, the country’s GHG-emission intensity declined by 21 percent.
[1] According to Climate Transparency, India is the only G20 nation on-track to achieve the targets under the Paris Agreement.
[2] One of the key, albeit unfortunate, reasons behind India’s climate success is the underperformance of its manufacturing sector. Since industries constitute approximately one-fourth of the economy’s total GHG emissions,
[3] the sector’s sluggish growth has led to only a moderate increase in industrial power demand and emission-intensity of the gross domestic product (GDP).
‘Solar sector needs a comprehensive policy’
January 11, 2021
Saibaba Vutukuri, CEO, Vikram Solar×
Vikram Solar CEO highlights issues for attention in Budget
The Government needs to come out with a comprehensive policy framework along with some tariff barriers to achieve the 450 GW renewable energy target, according to Saibaba Vutukuri, CEO of Vikram Solar.
“The Government should consider implementing tariff barriers such as BCD/Safeguard Duty/ADD for at least 4-5 years. Offering capital subsidy of 50 per cent for setting up R&D and quality testing infrastructure within the manufacturing units will help build scale,” he said.
“As we inch towards the Union Budget, we are hopeful of targeted initiatives and policies for scaling up domestic solar manufacturing aligned to the 450 GW renewables by 2030 target. There is an immediate need to build a robust ecosystem for indigenous solar manufacturing and making it cost-competitive to achieve the Government’s vision of Atm