Happy Monday and welcome to today’s edition of Lights On, with this week’s key stories on energy and climate change in South Asia.
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The new NDC becomes official
Shortly after announcing its new climate targets, India has officially submitted them to the UN registry of the Paris Agreement pledges. In case you missed it, you can read my interview with economist Vibhuti Garg, and here are the main updates:
The authoritative research group Climate Action Tracker had labelled India’s previous NDC ‘highly Insufficient’. We are keen to see what the analysts will make of the new targets.
Decarbonising Norway’s pension funds
Norway’s biggest pension fund KLP and development finance institution Norfund have agreed to acquire a 49 percent stake in a 420 MW solar power plant in the arid state of Rajasthan, developed by the Italian energy company ENEL. Through the new Norwegian Climate Investment Fund the two entities are looking to invest Rs 2.8 billion (about $35 million). India is slated to be a priority market for the new climate fund, which will disburse around $1 billion over the next five years.
Climate change hits India’s breadbasket
After this year’s heatwave, with the warmest March in 122 years, farmers in India have recorded a significant drop in wheat harvest, projected to be around 3 percent. Now researchers are urging India’s representatives to raise the issue of food security at the upcoming COP27 meeting, instead of focussing solely on the energy side of climate action.
India’s cotton output cut by erratic weather
While the heatwave impacted food production, erratic weather has affected India’s cotton yields. Earlier this year, the Cotton Association of India had revised its forecast down by 2.3 percent, factoring in heavy rains, flash floods and pest infestations. India is the world’s largest cotton producer, but according to the latest data the entire region has been affected, both in terms of production and processing.
Around 33 million people, mostly in rural areas, have been affected by heavy rains and flooding in Pakistan, a disaster that has claimed more than 1,000 lives. While the climate change minister spoke about ‘climate induced disaster’, observers in the country told Lights On that a lack of governance is ultimately to blame. Karachi-based journalist and editor Farahnaz Zahidi says: “We were expecting these floods, and there is a lot of debate on whether the government is trying to pin this all on climate change, but they could have avoided the humanitarian disaster.” Right now, she adds, “rehabilitation and long term plans are not even being considered, it’s too big of a catastrophe”. But in the long term, the impacts will range from acute food insecurity to severe incidence of water borne diseases, something that “has already started to happen,” Zahidi warns. “Experts say it will take five years to recuperate from this.”
Towards a diverse energy mix
With a new 17.3MW solar tender Bhutan inches towards its goal to implement 300MW of photovoltaic capacity. The country is almost entirely dependent on hydropower for its electricity generation. As climate change alters water availability and the general hydrological stability across the Himalayas, hydropower may not be the safe strategy it once was. The government also recognises the importance of economic and energy diversification, and plans to ramp up its renewable capacity – minus hydro – from the negligible 9MW currently installed.
On Twitter this week
1/ Building Climate Equipped Schools— Roxy Koll ⛈ (@rocksea) August 27, 2022
Groundwater recharging is one of the adaptation measures to ensure water security amidst amplifying floods and droughts.
Schools can be forerunners of climate resilience and collective action.
CSI Noyes School, Madurai pic.twitter.com/3ET3IVb9i1
Research and further readings
JSW Energy - The leading power producer placed the winning bid for a contract worth 500MW/1GWh of battery capacity to be built in Rajasthan. The auction was the first of its kind in India, part of a 2GWh tender issued by the Solar Energy Corporation of India (SECI). The process has attracted a lot of attention in the country as ramping up energy storage is seen as the missing link to achieve India’s energy transition goals.
Results of 1st Battery storage tender is out (prices are quoted on per MW). More details about the bid at https://t.co/qMlHvyoZ84— Mudit Jain (@Mudit_RE) August 26, 2022
Huge range in the quoted prices (₹ 1.08-2.29 million), points to massively different capital and operational cost projections!!
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