- PM Modi rues India’s omission from nuclear suppliers group in China swipe
- PM Modi rues India’s omission from nuclear suppliers group in China swipeUP NEXT
- What's behind the rise of podcasts?Here is a look at the reasons behind rising usage of podcast, its challenges and various business model. Watch the video for more.Business Today
- Business leaders on hits and misses of the Modi govtIndia Today Conclave: TV Mohan Das Pai, Pawan Goenka, Adi Godrej, R C Bhargava, Amitabh Kant, Ajay Piramal, Niranjan Hiranandani discuss how the economy can be put back on track and whether the Modi govt has taken all the right steps.Business Today
- India Today Conclave: Katrina Kaif on working hard and making choicesIndia Today Conclave 2019: Katrina Kaif speaks about the importance of making the right choices, her fitness routine, and how there are no shortcuts in life.Business Today
1CancelModi addresses CEOs in New York at Business ForumWhat to watch nextWhat's behind the rise of podcasts?
Business leaders on hits and misses of the Modi govt
India Today Conclave: Katrina Kaif on working hard and making choices
Parameswaran Iyer on possible solutions to the water crisis
Rajiv Kumar on fixing India's ailing economy
Wipro's Rishad Premji on filling the shoes of father Azim Premji
India Today Conclave: Piyush Goyal on the state of economy
Neerja Birla of MPower on corporate stress and how to combat it
India on course to be $5 trillion economy in five years: Nitin Gadkari
Do this if you fear losing your job due to the slowdown
We want to save lives , not earn revenue: Nitin Gadkari at India Today Conclave 2019
A 5% GDP growth rate took us by surprise: Shaktikanta Das
RBI governor Shaktikanta Das reacts to Corporate tax cut
Business Today honours 'most powerful women' who broke glass ceiling
Myleeta Aga Williams of BBC Worldwide on telling the truth
UP NEXT
“Because India is not a member of the Nuclear Suppliers Group, we don’t have assured supply of the fuel,” he said at the Bloomberg Global Business Forum in New York on Wednesday. “If we get a solution to this, we can create a new model for the world.”
China has kept India out of the 48-member Nuclear Suppliers Group, which controls the export of nuclear materials. The leader of the world’s second most-populous country declined to commit to a reduction in coal usage, which both he and his predecessors have said is essential to ensure electricity to millions of its citizens.
“India has the world’s third-largest coal reserves,” PM Modi said, when asked by Michael R. Bloomberg, founder of Bloomberg LP, if he expects to reduce coal burning in India. “In a poor country like India, we can’t ignore that fact.”
Coal helps produce about 72% of the country’s electricity, which the power ministry’s draft plan seeks to reduce to 50% by 2030. The Prime Minister said India needs to use cleaner methods of mining and consuming the fuel.
Describing India’s commitment to mitigating climate change, Modi said he aims to achieve 450 gigawatts of renewable power capacity in the “near future” and is ahead of schedule in implementing a more immediate goal of 175 gigawatts capacity from solar, wind and biomass.
However, India has separately also indicated the country’s climate change response plans are conditional on higher financial support from developed nations.
According to the NewClimate Institute think tank, India would have to play a major role -- along with China and the US -- in keeping global warming below the Paris agreement ceiling of 2 degrees Celsius. The three countries combined produce over 50% of the global carbon dioxide emissions, but are also the largest renewable energy markets.
The NSG was created in response to India’s 1974 atomic bomb test that challenged the credibility of laws written to prohibit nuclear proliferation. While nations are free to discuss bilateral details with uranium suppliers even if they are out of the NSG, India has struggled to add nuclear generation capacity because of a range of challenges, including developers’ concerns over a liability law and local protests.
Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article
Thursday, September 26, 2019
PM Modi rues India’s omission from nuclear suppliers group in China swipe
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment