World Sustainable Development Summit 2018 : Civil Services Mentor Magazine: MARCH - 2018

::World Sustainable Development Summit 2018::

The International Energy Agency (IEA) forecasts that world primary energy demand between now and 2030 will increase by 1.5% per year from just over 12,000 million tonnes of oil equivalent (Mtoe) to 16,800 Mtoe- an overall increase of 40%. Developing Asian countries are the main drivers of this growth, followed by Middle East. growth in per capita energy consumption over the last two decades world-wide has taken place primarily on account of increased share of the transport sector followed by the manufacturing sector. The exceptions to this trend are China and India where the growth has taken place primarily in the manufacturing sector followed by the household sector. Going forward, some of the trends in global energy consumption are highlighted below:

  • Fossil fuels, especially coal, are expected to continue to provide the majority of the increase in marketed energy use worldwide. Oil and other petroleum products are also expected to continue to account for the largest share of world energy consumption, but their share is
    likely to fall over the next couple of years mainly due to increasing world oil prices.
  • Petroleum and other liquid fuels will remain the most important fuels for transportation in the coming years as there are few alternatives that can be expected to compete widely with petroleum-based liquids.
  • The share of biofuels is also expected to increase in the coming years. However there is a significant resource issue that will need to be addressed.
  • The rising price of oil is expected to have an impact on usage and demand for natural gas and non fossil fuel resources as well. Natural gas consumption is likely to go up in 2012 as it will be used to displace the use of liquid fuels in the industrial and electric power sectors
    in many parts of the world.
  • Global coal consumption is expected to rise sharply because with oil and natural gas prices expected to continue rising, coal will become appealing for nations with access to sufficient coal resources. This is especially going to be true for China, India, and the United States.
  • Natural gas and coal will continue to provide the massive shares of the total energy used for electricity generation worldwide.
  • Higher fossil fuel prices, energy security concerns, and environmental considerations are expected to improve the prospects for new nuclear power capacity and other grid-connected renewable energy sources in many parts of the world which is expected to continue to expand over 2012.
  • Rising fossil fuel costs, particularly for natural gas in the electric power sector, along with government policies and programs to support renewable energy, will allow renewable fuels to compete economically over time.

India’s substantial and sustained economic growth is placing enormous demand on its energy resources. The demand and supply imbalance in energy sources is pervasive requiring serious efforts by GoI to augment energy supplies. India imports about 80% of its oil. There is a threat of these increasing further, creating serious problems for India’s future energy security. There is also a significant risk of lesser thermal capacity being installed on account of lack of indigenous coal in the coming years because of both production and logistic constraints, and increased dependence on imported coal. Significant accretion of gas reserves and production in recent years is likely to mitigate power needs only to a limited extent. Difficulties of large hydro are increasing and nuclear power is also beset with problems. The country thus faces possible severe energy supply constraints.

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The World Sustainable Development Summit (WSDS), TERI's flagship event, has been conceptualized as a single platform to accelerate action towards sustainable development and especially climate change. The WSDS series seeks to bring together the finest minds and leading thinkers of the world to focus attention on the challenge of sustainable development and has emerged as a landmark event addressing issues pertinent to the future of humanity.The second edition of WSDS builds on the success and legacy of the Delhi Sustainable Development Summit (DSDS) which was the leading forum for discussing sustainable development issues. The DSDS held under the aegis of the Ministry of Environment, Forest and Climate Change with support from the Ministry of External Affairs, Government of India was an
epitome of Track 2 diplomacy .

With an aim of expanding the scope and reach of the Summit to the global community, DSDS transitioned to WSDS in 2016.

The Prime Minister, Shri Narendra Modi, inaugurated the 2018 edition of the World Sustainable Development Summit (WSDS 2018) at VigyanBhawan. WSDS is the flagship forum of The Energy and Resources Institute (TERI) and seeks to bring together on a common platform, global leaders and thinkers in the fields of sustainable development, energy and environment sectors. The theme of the Summit this year is ‘Partnerships for a Resilient Planet’, WSDS 2018 seeks to create action frameworks to resolve some of the most urgent challenges facing developing economies in the backdrop of climate change. The Summit will address a wide variety of issues, including combating land degradation, effective waste management mechanisms to make cities free of landfills free, combat air pollution effectively, measures to increase resource and energy efficiency, facilitate transition to clean energy and create financial mechanisms to enable effective climate change mitigation. The ‘Greenovation Exhibition’ at WSDS 2018 will showcase the latest technological advancements to meet Sustainable Development Goals.

Over 2000 delegates are expected to participate in the summit, including policy makers, researchers, think tanks, diplomats and corporates from around the world. Eminent international speakers will address a variety of issues including reducing impact on land, air and water, as well as look at ways and means to utilise energy and resources in a more efficient manner in the plenary sessions. The thematic tracks at WSDS 2018 will include discussions on issues related to sustainability, including carbon markets and pricing, sustainable transport, resilient cities, solar energy and refrigerant technologies. The Energy and Resources Institute (TERI), is hosting the 2018 edition of its flagship forum, the World Sustainable Development Summit (WSDS 2018) in New Delhi on February 15, 16 & 17.

Prime Minister said “Our development needs are enormous. Our poverty or prosperity will have direct impact on global poverty or prosperity. People in India have waited too long for access to modern amenities and means of development”. Prime Minister said, “Successful climate action needs access to financial resources and technology. Technology can help countries like India develop sustainably and enable the poor to benefit from it.”

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