Renewable Energy Current Affairs - 2019

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CO2 emissions rose by 2% in 2018: Study

As per a closely-watched review by United Kingdom (UK) based energy giant BP, titled “The BP Statistical Review of World Energy”, the global carbon emissions grew by 2.0% in 2018, the highest rate since 2010-2011. BP is a London based, British multinational oil and gas company.

Key Findings of Study

  • The study called that the current trend of increasing carbon emissions is putting world on an ‘unsustainable’ path.
  • There is a growing mismatch between societal demands for action on climate change i.e. for cutting a country’s net greenhouse (GHG) emissions to zero and the actual pace of progress being made in the domain.
  • The energy demand and carbon emissions are currently growing at their fastest rate for years.
  • The global energy demand grew by 2.9%. A part of this rise was met by increasing shale rock reserve exploitation in United States (US), which recorded fastest rise of oil and natural gas production in world, in recent times.
  • Although the use of renewable forms of energy globally grew by 14.5% in 2018 but it still accounted for just 33% of total rise in power generation in 2018.
  • Significance: The study highlights that a focus on green/renewable forms of energy will not be able to achieve net-zero GHG emission targets, rather the governments should to do more towards cutting the use of polluting coal and oil. This means that It should not be a race to renewables, but a race to reduce carbon emissions across many fronts.

About BP Statistical Review of World Energy

  • It is viewed as an energy industry standard.
  • It pools data on everything such as from the size of countries’ oil reserves to their production of renewable energy and various consumption rates.

Global efforts taken for CO2 Emissions

  • Globally, governments are coming under intensifying pressure from campaigners to set deadlines by which they will cut their net greenhouse (GHG) emissions to zero.
  • Britain’s top advisory body on climate change has recommended that British government must target for cutting their net GHG emissions to zero by 2050. This is the same deadline adopted by some other European governments.
  • The progressive wing of US Congress is pushing for year 2030 as a deadline for US government to cut their net GHG emissions to zero. Although most analysts view this target as unattainable and prohibitively expensive to reach.

Month: Categories: Reports & IndicesUPSC

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TVS Motors Bags Green Era Award for Sustainability

TVS Motor Company has bagged the international sustainability award Green Era Award for Sustainability in Lisbon, Portugal. Tata Motors also won the Quality and Business Excellence Award in acknowledgement of its endeavour to create new benchmarks in product quality.

Green Era Award for Sustainability

The Green Era Award for Sustainability was awarded at the Green Economy Forum held on 10th of February 2019 at Lisbon. The forum witnessed the participation of renewable energy firms, environmental agencies and green companies from the 5 continents. The nominees for the Green Era Award for Sustainability are based on the following criteria’s:

  • Energy Efficiency – representing a reduction of specific energy consumption through general housekeeping measures, best practices, retrofitting inefficient equipment and new projects in the use of energy.
  • Creativity & Innovation – in terms of demonstrated systems and processes, influencing energy technologies, opportunities with potential for further development and transferability to others and productivity of the operations while making sure that the ecological balance is not impacted.
  • Increase of Renewable Energy share in the energy source portfolio – use of renewable energy such as solar, wind, biomass, biogas and other cleaner energy sources and gradual reduction of dependence on non-renewable energy sources.
  • Economic, Social & Environmental Impact.

The Green Era Award for Sustainability recognises the true global exemplars who have been innovative and creative in pursuing the sustainable imperative. The awards are based on the conclusion of the research team of Otherways Management & Consulting, France.

Month: Categories: Awards & Honours

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