The good news is, after the COP15 (2009) commitment to help developing/poor countries with $100 billion a year in adopting green energy, rich countries committed to “loss and damage fund” at COP27.
Feasibility studies and other pre-project activities are underway to set up an ethylene cracker project at Bina Refinery and a polypropylene project at Kochi Refinery
The move to net-zero carbon will throw up a whole set of new business opportunities and ideas, says CII chief Sanjiv Bajaj.
Phasing out fossil fuels is a gradual process and therefore a hybrid system ensures better reliability than directly switching to purely clean energy systems.
Demand in China and India pushed global thermal electricity generation an estimated 9% in 2021 and will go up further by 2024.
