19.14 ndian onom
(iii) Solar Parks (32 such parks approved by Purchase Agreements have expired or
February), each with the capacity of 500 completed their useful life;
MW and above.
(iv) Ultra Mega Solar Power Projects to be for solar and wind power;
developed in the next five years in various
states. produced from ‘waste-to energy’
(v) National Offshore Wind Energy Policy 2015 plants;
is another major renewable energy policy Ancillary services to support
initiative. It aims at helping offshore wind grid operation for expansion of
energy development, including setting renewable energy, etc.
up of offshore wind power projects and
research and development activities in FuturE outlook
waters, in or adjacent to the country, up
to the seaward distance of 200 nautical India has been amongst the six most vulnerable11
miles exclusive economic zone (EEZ) of countries in the world by the Global Climate Risk
the country from the base line. Index 2018 . The areas which are prone to climatic
(vi) Accelerated Depreciation Benefits scheme shifts have high population living in poverty
for wind power projects have been involved in climate-sensitive occupations. In such
restored by the GoI in 2016 (which were a situation climate change could have significant
withdrawn in July 2014). This will help implications for living standards. The effects of
in creating a robust manufacturing base climate change will vary significantly depending
for wind turbines in the country. on the level of exposure and the inherent
(vii) To provide adequate amount of adaptive capacities the people, households and
investment, the Reserve Bank of India communities.
has included renewable energy in the PSL India’s efforts on sustainable development
(priority sector lending) for scheduled and climate change have ensured several positive
commercial banks. outcomes. Though, mobilising suitable amount of
(viii) The new National Tariff Policy (January financial support is getting quite difficult for the
2016) for electricity has a focus on country, climate change policies have been given
the environmental aspect with major high importance by the Government. Climate
provisions such as (Economic Survey change has been outlined as an important aspect
2016-17)— of policy consideration by the 15th Finance
Commission also.
(excluding hydro power) shall come Global multilateral attempts and related
from solar energy by March 2022; obligations of the long-term fund support have
not been fulfilled in any meaningful way. Fund
uncertainties are not good for checking climate
plants to establish/procure/purchase
change. India believes that it is necessary for
renewable capacity;
11 Economic Survey 2018-19, Vol. 2, Ministry of Finance,
GoI, N. Delhi, p.79.
power from plants whose Power