15 June 2024 PIB
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TABLE OF CONTENTS
1. Global Wind Day 2024 2. Household Consumption Expenditure Survey (HCES) 2022-23
1.Global Wind Day 2024
Syllabus: GS-3, Environment
Prelims: Global Wind Day 2024
Context: The Ministry of New and Renewable Energy (MNRE) organized ‘Global Wind Day 2024’ on June 15, 2024, with the central theme “Pawan-Urja: Powering the Future of India.” This event aimed to celebrate the achievements of India’s wind energy sector and discuss strategies for accelerating its adoption to meet future energy demands and sustainability goals.
Historical Context and Current Status
- Historical Context: India has over four decades of experience in wind energy generation. By May 2024, the country had a cumulative installed wind power capacity of 46.4 GW, making it the fourth largest in the world.
- Current Status: The event highlighted the current achievements and ongoing projects in the wind energy sector, emphasizing the importance of wind energy in India’s energy mix.
Key Themes and Discussions
- Role of Wind Energy in Meeting Power Demand: Discussions centered on how wind energy can meet the growing power demand sustainably and efficiently.
- Accelerating Onshore Wind Energy Adoption: Strategies and policies to enhance onshore wind energy capacity, addressing challenges such as land acquisition and regulatory hurdles.
- Offshore Wind Development: The potential and benefits of offshore wind projects in bolstering India’s energy security and diversifying the energy portfolio.
Challenges in Wind Energy Adoption
- Regulatory and Policy Hurdles: Inconsistent policies and regulatory challenges that hinder the swift adoption and expansion of wind energy projects.
- Land Acquisition: Difficulties in acquiring land for onshore wind projects, which can delay project timelines and increase costs.
- Technological and Financial Barriers: Need for advanced technology and significant financial investments for both onshore and offshore wind projects.
Significance
Contribution to Renewable Energy Targets
- National Commitments: Wind energy is crucial for India to achieve its Nationally Determined Contributions (NDCs) under the Paris Agreement, targeting 50% of electric power capacity from non-fossil fuels by 2030 and net zero emissions by 2070.
- Sustainable Development: Enhancing wind energy capacity contributes to sustainable development by reducing reliance on fossil fuels, lowering carbon emissions, and promoting clean energy.
Economic and Environmental Benefits
- Economic Growth: Investment in wind energy can drive economic growth, create jobs, and promote technological innovation.
- Environmental Impact: Wind energy helps in reducing greenhouse gas emissions and conserving natural resources, contributing to a cleaner environment.
2.Household Consumption Expenditure Survey (HCES) 2022-23
Syllabus: GS-3, EconomyÂ
Prelims: Household Consumption Expenditure Survey (HCES) 2022-23
Context: The National Sample Survey Office (NSSO), under the Ministry of Statistics & Programme Implementation (MoSPI), is organizing a data user conference on the Household Consumption Expenditure Survey (HCES) 2022-23. This conference will be held on June 19, 2024, in New Delhi, aiming to engage with stakeholders and gather feedback on the survey data.
Background of HCES
- Historical Context: The NSSO has been conducting Household Consumption Expenditure Surveys since its inception in 1950. These surveys provide critical data on consumption patterns and living standards across India.
- HCES 2022-23: The most recent survey was conducted from August 2022 to July 2023, with preliminary findings released in February 2024 and detailed results in June 2024.
Key Aspects of the Conference
- Purpose: The conference aims to enhance interaction between MoSPI and data users, gather feedback, and discuss key concepts, definitions, and results from the HCES 2022-23.
- Participants: The conference will feature high-profile attendees, including Dr. Bibek Debroy, Chairman of the Economic Advisory Council to the Prime Minister, and other dignitaries from the National Statistical Commission, various central ministries, international organizations, and academia.
- Agenda: Presentations on key findings, data quality, and usage methodologies will be followed by open discussions to address queries and share insights.
Issues
Data Utilization Challenges
- Understanding and Interpretation: Ensuring that users correctly interpret and utilize the survey data for policy-making and research.
- Data Quality Concerns: Addressing any concerns regarding the accuracy and reliability of the data collected.
- Integration with Other Data Sources: Combining HCES data with other datasets for comprehensive analysis.
Significance
Policy Formulation
- Economic Planning: The HCES data is crucial for understanding consumption patterns, which helps in formulating economic policies and welfare programs.
- Targeted Interventions: Insights from the survey can guide targeted interventions for various socio-economic groups.
Academic and Research Utility
- Research and Analysis: Academicians and researchers rely on HCES data for studying poverty, inequality, and consumer behavior.
- Data-Driven Decisions: Empirical data from HCES supports data-driven decision-making in both public and private sectors.
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