India, one of the world's largest emitter accounting 4.1% of
the total global emissions ratified the Paris Climate Agreement on 2nd October
2016. The agreement agrees on a long-term goal of keeping the increase in
global average temperature to well below 2°C above pre-industrial levels, by
bringing down the greenhouse gas emissions. It also aims to limit the increase
to 1.5°C, since it would significantly reduce the risks and impacts of climate
change. Since European Union, with 12.1% emissions, also resolved to ratify,
the agreement will cross the mandatory threshold of 55% and will set to enforce
from November.
Reducing carbon emission intensity by 33-35% from what it is
in 2005 is one of the key resolutions. India plans to achieve it by 2030 by
aiming to produce 40% of electricity from non-fossil fuel sources, implementing
energy efficiency measures and creating additional carbon sink by
afforestation. This would mark the commendable shift from the conventional
industrial practices as well as great market potential for the advanced energy
efficiency and eco-friendly systems.
Primarily energy intensive and power industries will be
immediately affected. Indian INDC commitment of 40% non-fossil electricity will
be a big boost for renewable sector. Renewable energy sources other than solar
and wind like cogeneration, biomass will play bigger role coupled with energy
efficiency.
It is estimate that India has 17.9% untapped energy
efficiency potential. Along with technology up gradation new economic models as
'Performance Contracting' or third party EPC will remove the capital cost
constraint in implementing energy efficiency. It is projected that in near
future performance contracting market will be over Rs.20,000 crores.
This report will be useful for energy service providing
companies who are interested to tap the 'green' market as well as the investors
investing in the 'green' company and efforts.
Spanning over 178 pages “Evaluating Impact of
India Ratifying Paris Climate Change Agreement on Different Industries” report covers Executive
Summary, Research Coverage, Paris Agreement and International Climate Politics,
India and Climate Change Agreement, Policies supplementing India's plan for
climate change, Climate adaptation though energy efficiency, Energy efficiency
potential and gap analysis, Impact on power and renewable sector, Integrating
low carbon development of industry.
For
more information Visit at: http://mrr.cm/UNn
Find all Energy and Utilities Reports at: http://www.marketresearchreports.com/energy-utilities
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