WORLD
Incentivising adequate power capacity buildup to avoid blackouts
A countrywide blackout in Spain in April is a wakeup call for India’s power regulators on the downside of inadequate capacity in times of stress. It can be offset by a launch of short term standardized capacity contracts on exchanges and enforcing the resource adequacy obligations on utilities
BUSINESS
COP28: India needs to stand for affordable access to energy in Global South
Developing countries are falling behind in meeting renewable energy targets. They are also struggling with disruptions in energy supply. The developed world providing incentives to their domestic energy industry will further drive climate finance flows away from the Global South. India must use its credibility in pursuing green actions to speak up against climate iniquities
