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Top News Highlights-25 November 2024

India Achieves 100 GW Solar Capacity Milestone

  • India has crossed 100 GW of installed solar capacity, contributing significantly to its target of 500 GW renewable energy capacity by 2030.
  • The National Solar Mission and schemes like KUSUM have been instrumental in this achievement.
  • Challenges include grid integration, financing, and land acquisition for large-scale solar projects.
  • India is now the third-largest solar market globally, reflecting its commitment to clean energy transitions.

India-UK Free Trade Agreement Progress

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  • India and the UK have finalized key chapters of the FTA, focusing on reducing tariffs on goods like automobiles and whisky.
  • The FTA aims to boost bilateral trade, which stood at $20 billion in 2023-24.
  • Emphasis is placed on technology transfer, financial services, and sustainable trade practices.
  • The agreement aligns with India’s strategy of expanding its trade footprint through diversified partnerships.

G20 Roadmap for Inclusive Global Growth

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  • The G20 unveiled a roadmap to address global economic challenges, prioritizing inclusive growth, climate action, and food security.
  • Initiatives include enhancing Multilateral Development Bank (MDB) lending capacity and reforming global financial institutions.
  • India advocated for debt sustainability measures for developing nations and support for low-carbon transitions.
  • The roadmap aligns with the Sustainable Development Goals (SDGs), promoting equitable development.

India Launches National Green Hydrogen Portal

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  • The portal provides a centralized platform for policy updates, incentives, and research related to green hydrogen production.
  • India targets 5 MMT of annual green hydrogen production by 2030 under its Green Hydrogen Mission.
  • Applications include mobility, refining, and fertilizer sectors, with export opportunities to Europe and Japan.
  • The initiative supports India’s net-zero emissions target by 2070 and enhances its global clean energy leadership.

UNESCO Recognizes Three Indian Sites as Biosphere Reserves

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  • Simlipal (Odisha), Dibru-Saikhowa (Assam), and Pachmarhi (Madhya Pradesh) have been added to UNESCO’s Biosphere Reserve network.
  • These reserves promote biodiversity conservation while supporting sustainable development for local communities.
  • India now has 18 UNESCO-recognized biosphere reserves, highlighting its ecological and cultural diversity.
  • Challenges include managing human-wildlife conflicts and ensuring effective implementation of conservation plans.

India Rolls Out e-Mobility Subsidy Program

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  • The government launched a ₹10,000 crore subsidy program under the FAME II scheme to accelerate EV adoption.
  • Focus areas include electric buses, two-wheelers, and charging infrastructure in urban and rural regions.
  • India aims to electrify 30% of its vehicle fleet by 2030, reducing carbon emissions and import dependency.
  • Partnerships with private players will enhance infrastructure development and manufacturing capabilities.

Supreme Court Rules on Protection of Forest Rights

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  • The SC upheld the Forest Rights Act (FRA), emphasizing the rights of Scheduled Tribes and forest dwellers to access forest resources.
  • The judgment mandates stricter checks on eviction orders and focuses on community participation in forest conservation.
  • India has 21% forest cover, with initiatives like CAMPA and Green India Mission supporting afforestation efforts.
  • Challenges include balancing conservation goals with tribal livelihoods and addressing bureaucratic hurdles.

Key Terms and Concepts

  • National Solar Mission – A government initiative promoting solar energy as part of India’s renewable energy goals.
  • FAME II Scheme – Faster Adoption and Manufacturing of Electric Vehicles, aiming to accelerate EV adoption through subsidies and infrastructure support.
  • Forest Rights Act (FRA) – Legislation ensuring land and resource rights for Scheduled Tribes and traditional forest dwellers.
  • Green Hydrogen Mission – India’s flagship program to develop green hydrogen as a clean energy source for industrial applications.
  • UNESCO Biosphere Reserves – Protected areas promoting biodiversity conservation and sustainable development.