The allocation of Rs 50,000 crore by the centre under Aatmanirbhar Bharat Abhiyan for coal evacuation infrastructure is likely to go into the development of coal handling plants, ports and strengthening of the transportation chain.
Global growth in new renewable energy capacity will experience its first annual decline in 20 years this year amid the coronavirus pandemic but is expected to pick up next year, the International Energy Agency said.
India is expected to add only 5,000 MW of solar capacity in 2020, nearly 32% lower than 7,346 MW solar capacity added in 2019, a report has said.
India added 1,080 MW solar capacity in the first quarter of 2020, which is the lowest in a quarter since October-December (Q4) 2016, industry tracker Mercom said in a report.
Ratings agency ICRA sharply revised its growth expectation for India to a 5% contraction in the current fiscal from 1%-2% growth earlier, according to a report. The report estimated sharper de-growth in the first and second quarters of FY21 at -25% and -2.1% respectively, down from a range of 16%-20% contraction in Q1 and 2.1% growth in Q2 before. With two consecutive quarters of contraction, it implied the economy was in recession.
Global CO2 emissions from fossil fuels are set to drop by up to 7% in 2020 because of the coronavirus pandemic, but even this dramatic decline would barely dent long term global warming, researchers reported. In early April, coronavirus lockdowns led to a 17% reduction worldwide in carbon pollution compared to the same period last year.