TERI Current Affairs - 2020
On January 31, 2020, at the World Sustainable Development Summit released its report on India’s Steel Demand. According to the report, if the steel demand of the country continues to grow, the carbon-dioxide emissions from the steel sector will reach 600 million tonnes by 2050.
The TERI released its report titled, “Towards a Low Carbon Steel Sector: Overview of the Changing Market, Technology and Policy Context for Indian Steel”. According to the report, the current carbon-dioxide emissions from steel sector is 242 Million Tonnes. This is 35% of total carbon dioxide emissions of the country. It is to quadruple in three to four decades.
Suggestions made by the report
In order to manage the increase in steel demand emissions, India should start increasing the use of domestic scrap and deploy energy efficiency measures. The report also recommends establishing low carbon technologies. It also expects that the decarbonization technologies that are in the demonstration stage will reach commercial markers in next 20 years.
TERI also suggests penalty for emissions starting from 2030. This will force industries to adopt deeper decarbonization technologies.
Tags: carbon dioxide emissions • Energy • Energy Sector • Global Warming • Industrialization
The World Sustainable Summit is an annual event organized by The Energy and Resources Institute (TERI). It is being organized since 2001. The event has become a premier international event focusing on developing actions.
The event is to be held between January 29, 2020 and January 31, 2020. This year, the event is being held at New Delhi. The theme of the event is
Theme: ‘Towards 2030: Making the Decade Count’
The Summit brings together Nobel Laureates, decision-makers and political leaders from multilateral institutions. After signing the Paris Agreement in 2015, the summit aims to provide long term solutions to issues related to future of humanity.
About the 2020 Summit
The Summit includes Sustainable Action Dialogues, Regional dialogues, corporate conclaves, IFAT Delhi 2020 (Exhibition of Clean Technologies), Youth Volunteer Programmes
The concept of Sustainable Development has its roots in sustainable forest management during 17th and 18th century. The Global Movement for Sustainable Development began in 2005. It launched the UN decade of Education for Sustainable Development. This was the turning point for the world to begins its journey towards sustainable development.
Tags: Clean Technology • Development • Paris Agreement • Sustainability • Sustainable Development