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Economic Implications: The Pros and Cons India-US Energy Trade: Benefits and Challenges Pros: 1. Energy Security & Diversification – Reducing dependency on a single region ensures uninterrupted supply and mitigates risks from geopolitical tensions. 2. Reduced Price Volatility – US oil imports help buffer India from OPEC+ production cuts that often cause sharp price fluctuations. …
Read MoreWhy the news? India Energy Week 2025, inaugurated by PM Narendra Modi, highlights India’s leadership in renewable energy, green hydrogen, and sustainable mobility. Key initiatives include expanding non-fossil fuel capacity, boosting hydrogen adoption, and launching the 10th OALP bidding round. Key Highlights of the India Energy Week 2025 : PM Narendra Modi inaugurated India Energy …
Read MoreWhy in the news? India surpassed 100 GW of installed solar power capacity, marking a significant achievement in renewable energy and reinforcing its commitment to achieving the 2030 target of 500 GW non-fossil fuel-based energy capacity. Historic Achievement and National Commitment: India has surpassed 100 GW of installed solar power capacity, marking a significant achievement …
Read MoreSyllabus: GS – 3- Fossil fuels and their impact , fuel subsidy Focus : This article focuses on the magnitude and types of fossil fuel subsidies, their economic and environmental impacts, and global distribution patterns. It explores challenges in subsidy reduction and proposes strategies such as targeted reforms, carbon taxation, and congestion pricing to ensure …
Read MoreWhy in the News? IEA Conference: Concluded a 2-day Global Conference on Energy and AI in Paris, gathering over 500 participants, including ministers from 25 countries. Focus Area: Highlighted the rising electricity demand from data centres while emphasizing AI’s role in energy transitions. Key Participants: Countries like India, Japan, UK, and the USA alongside CEOs …
Read MoreSyllabus: GS 3: Environment Why in the News? Economic Survey of 2023-24 shows that India has achieved relative economic growth from reduction in GHG emissions, sparking discussions on sustainable development and environmental policy. Introduction With impressive economic growth in recent decades, India is also concerned about rising greenhouse gas (GHG) emissions. However, according to the …
Read MoreWhy in the news? Launched on February 15, 2024, the PM Surya Ghar Muft Bijli Yojana aims to provide free electricity through rooftop solar panels, targeting over one crore families, with significant subsidies and incentives to promote renewable energy adoption. Key Highlights of PM Surya Ghar Muft Bijli Yojana: Launch Date and Objectives: Launched on …
Read MoreWhy in the news? The PM Surya Ghar Muft Bijli Yojana has seen 25+ lakh applications for rooftop solar installations. However, only 24% have been converted to actual installations due to a complex process involving multiple steps and approvals. Current Progress and Challenges: According to data submitted by the Ministry of New and Renewable Energy …
Read MoreSyllabus: GS-2: Government Policies & Interventions ,Infrastructure GS-3: Industrial Policy Focus: The indictment of Gautam Adani and associates by the U.S. Department of Justice has revealed an elaborate bribery scheme to secure lucrative solar power contracts in India. The investigation highlights corruption at high levels in the renewable energy sector and the use of bribery …
Read MoreWhy in the news? A new Fisheries Management Plan was signed for the 2000 MW Subansiri Lower Hydro Electric Project in Assam, enhancing environmental sustainability efforts alongside its hydropower generation. source:wordpress About the Subansiri Lower Hydro Electric Project (SLHEP): A Memorandum of Agreement (MoA) was recently signed to implement a Fisheries Management Plan at the …
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