Chapter Heading: India's Energy Trilemma and Coal-based Power Generation
Book: The Role of Coal in a Sustainable Energy Mix for India
Edited By: Mritiunjoy Mohanty and Runa Sarkar
Published Date: September 2023
Chapter Authors: Sambit Basu, Head-Research, Power Foundation of India
Soumya Prakash Nayak, Specialist-Energy, Power Foundation of India
Given India's coal ecosystem and the energy trilemma it faces along the desired growth trajectory, it is imperative to have a strategy for decarbonisation that defines a short, medium, and long-term approach. This chapter discusses the challenges of navigating the maze of the energy trilemma – Access, Security, and Sustainability – as India aspires to rapidly grow and develop. The chapter also charts out a strategy for a just energy transition taking into consideration the imperatives of the role of coal and fossil fuels, alongside clean energy technologies and demand management, in achieving the growth objectives in a sustainable manner...Read more...
Article Heading: Impact of Economic Globalisation & Productivity on Labour Share in India & China
Journal: Indian Economic Review
Date: 16th June 2023
Author: Jagannath Mallick, Specialist-Data Analytics, Power Foundation of India
This paper employs time series and panel ARDL methods to investigate the impact of economic globalization and productivity on labour share in India and China at both the aggregated and disaggregated industry levels. The study makes three significant contributions: (1)creating comparable trade data at 27 disaggregated industry levels, (2)exploring whether the change in labour share is due to wage-productivity gap and/or capital income growth, and (3)empirically evaluating the impact of economic integration and productivity on labour share. The study finds that the wage-productivity gap and high growth of capital income are crucial factors for declining labour share in India. The results establish the dominant role of economic integration and capital intensity in explaining labour share...Read more...
Article Heading: How the Power Amendment Bill will Transform the Sector
Newspaper: Hindustan Times
Date: 17th August 2022
Author: Shri Sanjiv Nandan Sahai, Director General, Power Foundation of India
The article highlights how the Electricity (Amendment) Bill, 2022, attempts to resolve structural problems in the sector. Once implemented, it will make the sector financially viable and sustainable, foster investments, encourage growth in renewables, and give consumers the choice of the distribution company from which to purchase electricity. It will bring financial discipline and accountability for all parties, including regulators.Read more...
White Paper Heading: Financing India's 2030 Renewables Ambition
Date: 22nd June 2022
Authors: PFI Team, BloombergNEF
Power Foundation of India (PFI), in association with BNEF, has published a report titled Financing India’s 2030 Renewables Ambition which has assessed total investments required for India to reach 500GW non-fossil fuel power generation capacity by 2030, along with the existing renewable energy market challenges faced by investors and project developers.
India has been undertaking one of the world’s largest renewable energy expansion programmes in the world and this transition to clean energy is an enormous economic opportunity for the country. The report has drawn upon the experiences from emerging markets and developing economies and has briefly outlined the innovative financing techniques for India to achieve its target by 2030.
If the country is to achieve its renewable energy installation commitment by 2030, an average of USD 27.9 billion will be required annually from 2022 to 2029. Growth in power generation capacity will also require parallel investments in the transmission and distribution grid.Read more...