What is it? The cross-border flows from 17 special climate funds since their inception, according to a discussion paper by the Department of Economic Affairs, India.
Why is it important? Stating this figure, the Economic Affairs Secretary has said that the Organisation for Economic Co-operation and Development’s (OECD) claims that the rich nations had provided an average of $57 billion in 2013 and 2014 in climate finance flows are flawed. This is a serious allegation against the world powers and is a far cry from the goal of $100 billion annual climate finance flows. This also comes at a time when Prime Minister Narendra Modi has left for Paris to participate in the global climate change conference that begins on Monday.
Tell me more: The discussion paper has also questioned the methods and accuracy of reporting of the numbers in the OECD report. It remains to be seen what steps the government would take as the discussion paper states that it doesn’t reflect the views of the government.
Why is it important? The current target is 3%. The increase would be challenging for some state electricity boards, given that a majority of them have been unable to meet their renewable purchase obligation (RPO) targets. Experts say, one of the biggest challenges faced by the Indian government would be the enforcement of RPO targets.
Tell me more: The government has set an ambitious target of adding 175 GW of capacity from clean energy sources by 2022.
What is it? Number of grievances regarding central government and ministries filed on the Central Public Grievance Redress and Monitoring System (CPGRAMS) portal since the beginning of 2015.
Why is it important? This is a nearly threefold jump from the number of grievances lodged in 2014. Shows one of the two things or a combination of the two: increase in dissatisfaction levels against the central government and ministries or increase in belief that grievances filed with the government is likely to be resolved.
Tell me more: The government has resolved nearly 80% of the grievances filed in the current year with the disposal rate being higher at 90% in 2014 and 2013.
What is it? Number of aircraft Spicejet is planning to buy in 2016-17.
Why is it important? A sign of ongoing turnaround. The second biggest budget airline by market share, was near bankruptcy last financial year, and has started reporting profits during the last three quarters.
Tell me more: Earlier this month, Jet Airways placed its largest ever aircraft order of 75 Boeing 737 Max 8 Aircraft (at a list price of $8 billion) while in August, Indigo finalised the purchase of 250 Airbus A320neo Aircraft (a deal worth $26.55 billion at list prices).
What is it? Projected number of people without access to clean cooking facilities (and instead use solid fuels such as wood and coal) in India by 2040, all living in rural areas, according to a report by the International Energy Agency (IEA).
Why is it important? The projected number is 30% of the Indian population. At present the number is 840 million or over two thirds of population. Use of improved solid biomass cookstoves, biogas systems, LPG, ethanol and solar stoves are considered to be safer, more efficient and environmentally more sustainable than the traditional methods of depending on energy derived from wood, sawdust and crop waste.
Tell me more: These projections are based on ‘New Policies Scenario’ which takes a cautious view factoring in regulatory, financial and administrative barriers and IEA has another set of projections based on if India’s key targets such as ‘Make in India’ and ‘Electricity for all’ are achieved in full.