The latest study has been conducted by the Centre for Research on Energy and Clean Air (CERA) in this regard. According to the analysis, Carbon dioxide emissions in the country fell by around 15% in March, and are likely to have fallen by 30% last month, year-on-year.More news: IPhone SE Goes on Sale in India from 20th May
The analysis indicates a decline in emissions reflects the headwinds already affecting the Indian economy since early 2019, and increasing renewable energy generation. Weeks of lockdown have eased India's chronic air pollution, raising hopes of a more sustainable solution. Power sector should be provided a green recovery package with more use of renewable energy. On government's response on the downfall, the analysis considers three possible scenarios post the lockdown - reinvigoration of the country's renewable energy programme, necessitating bailouts in the power industry due to plummeting energy demand, and more momentum to efforts against the air pollution crisis.
The report claims that new solar capacity can cost as little 2.55 INR (Dh0.12) per kilowatt hour, while the average cost for electricity generated from coal is 3.38 INR (Dh0.16) per hour.More news: Livingston County has one new case of COVID-19
According to data released in April by the International Energy Agency, worldwide coal consumption has decreased by 8%.
Although oil consumption grew 0.2% during the fiscal year, this has been the slowest growth in at least 22 years due to coronavirus, the researchers said, adding that there had already been slower demand in the sector at the beginning of the year. Consumption of natural gas, which increased by 5.5% in the first 11 months of the fiscal year, is expected to fall by 15-20% during the lockdown. "Emissions fell by around 1 per cent in the fiscal year ending March 2020, as coal consumption fell and oil consumption flatlined", said the researchers.More news: BTS announces live-streamed concert ‘Bang Bang Con’
Crude oil production decreased by 5.9 per cent compared to the previous financial year, while natural gas production fell 5.2 per cent. Refinery production also fell by 1.1 per cent over the last financial year as against 2018-19. The decline was also observed in India in 1970, 1974, 1980 and 1984. The United States has relaxed environmental regulations during the pandemic, and there is concern that other countries may do the same.