Indian states’ electricity transition (SET) report released by institute for Energy economics and financial analysis (IEEFA)

• Report provides progress and performance of Indian states on various aspects of clean electricity transition.
  • Electricity Transition refers to the shift from fossil-based power production and consumption to renewable energy sources (RES) like wind and solar.
• It has analysed 16 states on electricity transition pathway with 17 parameters based on four broad dimensions-
  • Decarbonisation– Evaluate states’ preparedness to shift from fossil-based power to RES.
    • Decarbonisation is reduction of carbon dioxide emissions through use of low carbon power sources, achieving lower output of greenhouse gasses into atmosphere.
  • Performance of power system– Evaluate states’ ability to create greener market pulls effectively
  • Readiness of power ecosystem and policies– Transform power systems while ensuring reliable electricity supply.
  • Political commitments– Evaluate proactiveness in promoting innovative policies.
• These states together account for 90% of India’s annual power requirement.
• Important findings-
  • Bihar, UP and West Bengal need to expand their potential and transition commitments.
  • Karnataka is only state that scored well across all four dimensions followed by Gujarat.

About IEEFA

• Institute for Energy Economics and Financial Analysis (IEEFA) examines issues related to energy markets, trends and policies.
• It’s mission is to accelerate the transition to a diverse, sustainable and profitable energy economy.
• It is based in Ohio, USA.