The Economic Survey has observed that investment in renewable energy should be made in a calibrated manner as social costs are high in promoting green energy, said media reports. As per reports, the mid-year Survey, introduced for the first time, has also taken a cautious stand on the impact of encouraging green energy in the banking sector which is struggling to deal with bad loans in stranded power sector projects.
According to the survey, "While investments in renewable energy are crucial for India to meet its climate change goals, such investments be made at a calibrated pace looking into the total cost accrued to the society." "The social cost of RE generation, as well as the gap between RE and coal, reduces as we progress towards 2030.
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