Can Cities Provide A Solution To India’s Energy Woes? Municipal Solar Bonds Key


Can Cities Provide A Solution To India’s Energy Woes? Municipal Solar Bonds Key

Air pollution is tightening its grip in India. Thirteen of our cities are currently ranked in the top 20 most polluted in the world. New Delhi, the capital of India and the second most polluted city in the world, can serve as an apt example to reveal the grave situation where breathing in open air is equivalent to smoking three packs of cigarette in a day. While car exhaust is a major culprit, fossil fuel-based power plants also play a large role in this situation. This November, the Delhi government had to shut down a coal-based power plant in the city when the average air quality index (AQI) reached a hazardous level of 450-500.

Replacing fossil fuel based power plants with clean energy power from renewable energy sources like wind and solar is one of the major solutions to combat air pollution and climate change. Clean energy, especially distributed solar power, is also critical to solving the issue of energy access to millions of unpowered homes in India.

In this context, India has set an ambitious target of 175 GW of renewable energy capacity by 2022 with 40 GW of rooftop solar. 40 GW of rooftop solar by 2022 would play a significant role in solving the issue of energy access in India. Unfortunately, despite the clear benefits, India isn’t on track to make its target for rooftop solar, and, in fact, will likely reach less than 30% of its goal by 2022. Read More…

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