No fossil fuel vehicles by 2030 -- Stanford study
A great futuristic sounding report, which seems to be almost like a fairy tale by a Stanford faculty.Can someone outdo our PM Modi? While under the PMs guidance India has been working at electric only vehicles by 2030, Stanford’s Tony Seba says petroleum vehicles will be gone in 8 years! Yes I don’t believe it either, but this news is a good read anyhow.
Panasonic is making a massive bet on electric cars
It is said that when the Japanese enter an industry, it means the market has matured.Panasonic has decided to start making electric cars, and that too on a massive scale.Panasonic is not known to take undue risks as a corporate strategy, and this move only proves that electric vehicles are becoming more and more commercially feasible.
Go for cheaper solar power, not for expensive Nuclear power
Swaminathan Aiyar, India’s most read economic columnist calls for caution on nuclear power.Solar and nuclear are like sugarcane and mangoes, they both have high energy potential, but satisfy dissimilar needs. Solar power generation peaks in afternoon while nuclear is stable at same level 24x7. If cheap energy storage technologies (batteries) are available, there will no longer be any need for nuclear.
Sri Lanka’s energy push an opportunity for India
Some see a commercial opportunity for India in Sri Lanka’s energy push.India has early movers advantage in many renewable areas, and Sri Lanka has great potential. However a short term profit motive will not enable long term returns either in environment space or in commerce.
Sri Lanka betting big on renewable energy
Although Sri Lanka has traditionally been a very forward looking economy, it has not been so in energy space. However, things are changing now.Rich resources of solar, wind and tidal power are currently untapped in Sri Lanka. But that is changing fast with the government planning to contract out locations with high energy potential.
Husk brings electricity to power-hungry Indian villages
Power from husk has huge potential, but two engineers in Bihar did one better by building a successful husk-solar hybrid power generation company.Power from husk will help farmers, create rural employment, and improve rural income multipliers. But if we can put together a commercially successful husk-solar hybrid, we have done even better. Two engineers in Bihar have done just that. A case study worth reading.
Government Actions this week
Analyzing the impact of higher taxes on solar power
Taxes on solar power panels may rise across India if it is retained in the 18% GST list.While one part of the government says that “the renewable energy sector … will remain under the 5 per cent tax slab” another has put solar in the 18% slab. Which is more desirable? Solar energy is still maturing so a lower tax slab is more appropriate.
GST rates: Hybrids to be dearer, SUVs cheaper
The GST will play havoc with established norms of indirect taxes.Some states will see a rise in taxes on electric vehicles while many others will see a fall in taxes on electric vehicles and hybrids. Standardization of taxes under GST will cause some heartburn, but the indirect tax departments will also need to be environmentally sensitive.
Govt. fast-tracks Rs 10,000 crore electric vehicles project
A combination of measures including public sector investment, government purchases, etc. envisages a greater use of electric vehicles in future.The NDA government it seems is fairly serious about electric vehicles. Not only is it planning to purchase EVs for government use, but it is also persuading public sector companies to invest in charging infrastructure.
Putting a global price on carbon
The article calls for a global consensus on carbon tax in a very difficult to read manner.A coordinated global carbon tax regime is a difficult to achieve goal. In today’s world the more we aim for consensus, the less we achieve. However, there is no reason why each country cannot have its own carbon tax regime, while global best practices are developed.