Intellectual Thoughts by Sanjay Panda: Enviornment


Showing posts with label Enviornment. Show all posts
Showing posts with label Enviornment. Show all posts

Indian Solar price may be 10% below coal power rates by 2020: report





Solar Power will be a significant energy source  &  prices could be 10% lower than coal power prices by 2020 and help revitalize India’s energy sector, said a report released  by consulting firm KPMG.


With India making ambitious moves,   the market penetration of   Solar Power expected to be  5.7% (54 Giga Watt-GW) by 2020 and 12.5% (166 GW) by 2025.  The  report  predicted  with increase in solar generation  the price   could fall  to  INR 4.2 per kWh (kilowatt-hour) by 2020 and as low as INR 3.59 per kWh by 2025  which will be much lower than  coal power.
 
Solar power price declines have beaten the expectations  since the beginning of 2015. In the ongoing NTPC solar park tender, solar prices have breached the Rs.5 kilowatt-hour mark and this is a landmark for the energy sector.
Along with wind power, renewable energy could constitute a significant 20% of India’s lower power mix in energy terms by 2025.

IMF warns of 'Triad' of risks facing global economy



  • Global growth moderate and uneven, forecast at 3.1 percent this year, 3.6 percent in 2016
  • Disparate fortunes between the advanced and emerging market and developing economies
  • Lower commodity prices weigh on commodity exporters
The IMF’s latest World Economic Outlook (WEO) foresees lower global growth compared to last year, with modest pickup in advanced economies and a slowing in emerging markets, primarily reflecting weakness in some large emerging economies and oil-exporting countries.

Recovery in advanced economies on course
Growth in advanced economies is projected to increase modestly to 2 percent this year and 2.2 percent next. This modest increase primarily due to declining oil prices, accommodative monetary policy, and improved financial conditions, and in some cases, currency depreciation.

Slower growth in emerging and developing economies
Growth prospects in emerging markets and developing economies vary across countries and regions. But the outlook in 2015 is generally weakening, with growth for these economies as a group projected to decline from 4.6 percent in 2014 to 4.0 percent in 2015.

Growth in low-income developing economies is expected to slow to 4.8 percent in 2015, from 6 percent in 2014,

Downside risks more significant

The WEO report outlines important shifts that could stall global recovery. These include:

Lower oil and other commodity prices, which although benefiting commodity importers, complicate the outlook for commodity exporters, some of whom already face strained initial conditions (e.g., Russia, Venezuela, Nigeria).

A sharper-than-expected slowdown in China  if the expected re balancing toward a more market-based and consumption-driven growth proves more challenging than expected.

Disruptive asset price shifts and a further increase in financial market volatility could involve a reversal of capital flows in emerging market economies.

• A further appreciation of the U.S. dollar could pose balance sheet and funding risks for dollar debtors, especially in some emerging market economies,

Increased geopolitical tensions in Ukraine, the Middle East, or parts of Africa could take a toll on confidence.

 

source : IMF website