RENEWCONNECT - All about renewables & power sector

The Carbon Credit Pricing Scheme is a mechanism designed to encourage the reduction of greenhouse gas (GHG) emissions by placing a monetary value on carbon emissions. It incentivizes organizations and countries to adopt cleaner technologies and practices. Here’s a detailed overview of the scheme: 1. Understanding Carbon Credits A carbon credit represents the right to emit one metric ton of carbon dioxide (CO₂) or its equivalent in other GHGs. These credits can be earned by reducing emissions below a baseline level or through activities like afforestation or renewable energy projects. 2. Key Components of Carbon Credit Pricing a. Pricing Mechanisms Carbon Tax : Directly sets a price on carbon emissions. Emitters pay for each ton of CO₂ released into the atmosphere. Example: Canada's carbon tax program. Emissions Trading System (ETS) : A cap-and-trade system where a limit (cap) is set on emissions. Companies that emit less than their cap can sell surplus credits to others. Example:...

In the present day, every individual should be aware of the current policies and regulations present in the country. This will help in making them understand how it can be implemented and adopt to their daily living and residence, etc.  1. Green Homes and Sustainability Context Residential homes account for around 17-18% of power consumption from the grid. This can vary depending on the country, but the core usage of electricity, water, and resources remains fairly constant globally. With rising concerns over climate change, international and local policies target energy efficiency and carbon footprint reduction, such as: Net Zero Policies : Homes aim to produce as much energy as they consume. Energy Conservation Building Codes (ECBC) : Regulatory standards for energy efficiency in buildings. Carbon Credits and Trading : Residents and developers can earn credits for reducing carbon emissions, which can be traded in markets to monetize sustainability efforts. 2. Types of Green Homes...

The history of electricity distribution schemes in India by Distribution Companies (DISCOMs) reflects the evolution of the power sector to address the country's growing energy demands and ensure reliable supply. Here is an overview of DISCOM schemes, starting from earlier reforms to current programs: 1. Early Reforms (Pre-2000) Electricity distribution in India was initially handled by state electricity boards (SEBs). These boards were vertically integrated, managing generation, transmission, and distribution. However, inefficiencies like losses, theft, and inadequate infrastructure led to poor performance. Electricity (Supply) Act, 1948 : Formation of SEBs for integrated management. Challenges : High Aggregate Technical and Commercial (AT&C) losses and poor service delivery. 2. Unbundling and Restructuring (Post-2000) The focus shifted to unbundling SEBs into generation, transmission, and distribution entities. This era saw the rise of independent DISCOMs. Electricity Act, 200...

India, often referred to as an agrarian economy, relies heavily on agriculture as a primary source of livelihood for a significant portion of its population. As a result, agriculture plays a pivotal role not just in food security but also in the consumption of energy, specifically power. Agriculture’s dependence on electricity is evident in its usage for irrigation, mechanized farming equipment, and storage, contributing significantly to the overall energy demand in the country. With India progressing towards becoming a developed nation, investments in the agricultural sector have risen consistently over the years. The government has made substantial strides in electrifying rural areas and providing affordable power for farmers, but this has also led to some challenges in managing energy demand and the financial sustainability of power utilities. This article examines the maximum agricultural power-consuming states in India, the challenges associated with agricultural power consumption...