ROLE OF RENEWABLE ENERGY FOR CLEAN ENERGY TRANSITION PLAN FOR INDIA AND DETERMINATION OF RE TARIFF UNDER CERC TERMS AND CONDITIONS OF RE SOURCES REGULATIONS, 2020.
Abhijit Garai, Dr. Dinesh Kumar Pandey
Research Scholar, Usha Martin University, Ranchi
Abstract
India is second largest country in population and third largest greenhouse gas emitter in the world. India has committed 500 GW of RE by 2030 and aims to reach zero emissions by 2070. Also announce National Hydrogen Energy Mission to produce green H2 and reduce CO2 emission. Current share of renewable energy is not enough for decarbonised greenhouse effect. To make $ 5 trillion economy and increasing GDP, drastic development of Industries and service sectors will increase energy demand. This is the perfect time to invest in green energy say renewable energy and create new employment in India. CERC has also set separate Tariff regulations for RE and it comes into force from 1.7.2020 and shall remain in force up to 31.3.2023.
Keywords: Renewable Energy, Central Electricity Regulatory Commission, Carbon dioxide, Plant Load factor, Electricity Act, 2003, Ministry of New and Renewable Energy.
Journal Name :
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EPRA International Journal of Research & Development (IJRD)
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Published on : 2022-07-12
| Vol | : | 7 |
| Issue | : | 7 |
| Month | : | July |
| Year | : | 2022 |