समाचार में क्यों
- A NITI Aayog member recommended updating green finance classification rules to allow concessional capital flow into the nuclear energy sector.
मुख्य शब्द
Green Taxonomy
A statutory or regulatory classification system defining which investments and economic activities are environmentally sustainable.
Baseload Power
The minimum level of electric power required to continuously feed an electricity grid over a 24-hour period.
What is the green finance framework context?
- Green finance taxonomies classify sustainable investments to channel capital into low-carbon technologies.
- Historically, sovereign green bonds and ESG frameworks focused primarily on renewable sources like solar and wind, omitting nuclear power due to radioactive waste concerns.
Key recommendations and proposed changes
- Include nuclear power projects under eligible sectors for sovereign green bonds and sustainability-linked credit.
- Provide long-term, low-cost capital access to support India's target of reaching 100 GW nuclear power capacity by 2047.
- Develop specialized technical skills and local manufacturing infrastructure to lower capital expenditure for advanced reactor types.
Why it matters
- Offers firm, non-intermittent baseline power necessary for balancing grid volatility caused by renewable energy integration.
- Aligns Indian taxonomy with recent global shifts, such as the European Union's inclusion of nuclear power in its Sustainable Finance Taxonomy.
प्रीलिम्स तथ्य
- Sovereign green bonds in India currently fund renewable energy, energy efficiency, and clean transportation.
मेंस चर्चा
- Role of nuclear energy as baseline power in achieving net-zero emissions by 2070.
स्रोत: Business Standard
समान विषय · पिछले पेपर
UPSC ने यह पहले भी पूछा है
ये पिछले वर्षों के प्रश्न उसी विषय पर हैं। अभ्यास के लिए खोलें।