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26 June Current Affair For All Competition Exam

  1. The Global Status Report (GSR) of REN21
  • The Global Status Report (GSR) by REN 21 shows that global investments in RE were to the tune of US $280 billion in 2017, drawing heavily from developing countries.
  • China accounted for nearly 45 Percent of all global investments in RE, while India’s US $10.9 billion amounted to 4 Percent of the total.
  • Globally, RE shares in the power sector continued to grow, but its share in the total final energy was a meagre 10.4 per cent.
  • Aside from the power sector, highest energy consuming sectors namely transport and heating and cooling saw minimal RE inclusion (10 Percent and 3 Percent respectively).
  • The power sector continues to be the star with shares of RE reaching 2195 GW globally (not including hydropower).
  • China leads this with 334 GW of installations, with the United States, Germany and India trailing with 161 GW, 106 GW and 61 GW respectively.
  • Distributed renewable energy is gaining ground, due to its ability to provide remote/rural households who lack access to energy.

Hydropower

  • Hydropower is still the largest contributor at 16.4 per cent in power sector.
  • Last year saw the annual addition of nearly 19 GW of hydropower capacity.
  • China leads the globe in cumulative installations to date and India’s 44.6 GW is the fifth-largest.

Solar Power

  • Wind and solar PV generation accounted for 7.5 per cent of the total electricity demand.
  • Solar PV capacity marched on; reaching a cumulative 402 GW, again lead primarily by China.
  • India saw 9.1 GW worth of installations, taking its total installed capacity to 18.3 GW.
  • Cumulative installations of concentrated solar thermal power (CSP) have reached 4.9 GW, with large additions from Spain.

Wind Power

  • The global offshore wind market grew by 30 Percent.
  • Pumped storage accounted for 96 Percent of the global energy storage capacity, which grew to a staggering total of 153 GW installed worldwide.
  • India was only the fifth largest contributor to wind installations despite breaking records at home.
  • Annual additions of 52 GW took the global installed capacity to 539 GW.

Bioenergy

  • Bioenergy is the largest RE contributors to total final energy demand (13 Percent) due to the widely prevalent traditional biomass use (8 Percent).
  • In the electricity sector, generation from biomass saw an 11 Percent growth.

Ocean energy

  • It has a total installed capacity of 529 MW, is beginning to take off with capacities for tidal stream and wave energy.

Related Information

Renewable Energy Policy Network for the 21st Century (REN 21)

  • It is the global renewable energy policy multi-stakeholder network that connects a wide range of key actors.
  • REN21 was launched in June 2004 as an outcome of the International Conference for Renewable Energies in Bonn, Germany.
  • The REN21 Secretariat is based at UN Environment in Paris, France, and is a registered non-profit association under German law.
  • The organisation has more than 60 members and with its governance structure consists of the Bureau, the Steering Committee and REN21 Members.

Source- Down to Earth + Wiki

  1. A new approach to deal with stressed assets in making
  • The idea is to put in place a large ARC, which will step in to offer a better value to lenders, who are caught with an asset where it is tough to realise value and using the Insolvency and Bankruptcy Code (IBC) may not be the best option.
  • The proposed asset reconstruction company (ARC) may be positioned as a buyer of last resort with the banks and the government leaving the operations to a professional management.
  • While the blueprint for the ARC is being prepared by a committee headed by Punjab National Bank chairman Sunil Mehta.
  • It is not as if all the assets will go to the ARC. It will step in if it’s a viable option and banks realise better value.
  • At the same time, it will ensure that there is value left in the asset to nurse it back to health or sell it and make money.

Related Information

Asset Reconstruction Company (ARC)

  • It is a specialized financial institution that buys the NPAs or bad assets from banks and financial institutions so that the latter can clean up their balance sheets.
  • The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002; enacted in December 2002 provides the legal basis for the setting up ARCs in India.
  • The SARFAESI Act helps the reconstruction of bad assets without the intervention of courts.
  • Currently, there are 24 ARCs, which are registered with the RBI.

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Source- Economic Times

  1. ‘Women in Prisons’ report launched by the Ministry of Women and Child Development
  • The report titled ‘Women in Prisons’ which aims to build an understanding of the various entitlements of women in prisons, the various issues faced by them and possible methods for resolution of the same.
  • Various changes in the National Model Prison Manual 2016 have also been suggested to bring it in line with international standards and norms.

Source-PIB

  1. WCD Ministry to organise TECH-THON: Seminar on Technology Partnership for POSHAN Abhiyaan
  • Ministry of Women and Child Development will organize a Seminar on Technology Partnerships for Steering POSHAN Abhiyaan called ‘TECH-THON’ for POSHAN Abhiyaan in New Delhi.
  • ICDS-CAS (Common Application Software) has been specially designed to strengthen the Service Delivery System as well as the mechanism for Real Time Monitoring (RTM) for nutritional outcomes.

Related Information

POSHAN (PM’s Overarching Scheme for Holistic Nourishment) scheme

  • POSHAN Abhiyaan was launched by the Prime Minister in Jhunjhunu on 8th March 2018.
  • The Executive Committee is the Apex body under the POSHAN Abhiyaan.
  • National Council on India’s nutritional challenges under, NITI Aayog, also has been set up under the POSHAN Abhiyaan.
  • The scheme aims to ensure holistic development and adequate nutrition for pregnant women, mothers and children.
  • It also targets to reduce the level of stunting, under-nutrition, anaemia and low birth rate.
  • The following nutrition strategies and interventions include under Abhiyaan-
    (a) Supplementary nutrition
    (b) Adolescent nutrition
    (c) IYCF (Infant and Young Child Feeding) immunisation
    (d) Maternal health etc.

Source-PIB

  1. Sreedharan panel to lay down metro standards
  • ‘Metro Man’ E Sreedharan will head a newly constituted high-level committee to lay down indigenous technical standards for all metro rail systems across the country.
  • The multi-disciplinary committee will set indigenous technical standards for the entire ecosystem of metro functioning in India, including rolling stock, signalling, track and the like.

Source- Indian Express

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