Temperatures in parts of the region breached 40 Celsius (104 Fahrenheit) in late April, earlier than usual, causing widespread infrastructure damage and power outages.
India’s clean energy sectors employ 164,000 workers as of FY22 showing a 47% increase from FY21, finds the study jointly conducted by three organisations — CEEW, NRDC India, & SCGJ.
The shortfall in the set target of 175 GW by end-2022 is largely due to underperformance in rooftop solar and wind energy sectors, natural factors and policy shortcomings.
India is set to scrap e-reverse auction process for wind, which many felt led to 'unhealthy competition'. Experts say it’s 1 of many steps needed to rejuvenate stagnating sector.
Developers face difficulty finding affordable land and getting financing after accepting some of the world’s lowest green energy tariffs over the past two and a half years.
In India, only 17% of public sector banks and 25% of private sector banks claimed to have an internal strategy for integrating climate risks into their risk management framework.
Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.
Both the governments expressed their commitment to strengthening their maritime cooperation to strengthen the maritime safety and security framework in the region.
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