banking service chronicle magazine pdf
banking service chronicle magazine pdf Published this article page no The extraction and utilization of coal have created a massive impact on environment with far reaching consequences. Nearly 65 per cent of Indias electricity is generated from thermal power for which the feedstock is invariably coal mined in India. Power generation through the Boiler-Turbine route results in atmospheric pollution due to the release of particulate matter carbon dioxide sulphur and nitrous oxides. The other major energy source is oil. Oil pollution is an inescapable fact of life in the 21st century when the teeming millions depend on oil for various modes of transport. The process of extraction of oil transportation and storage of oil cause enormous loss to the natural and human environment. India has set a target to phase out petrol and diesel driven vehicles by 2030. Indian automotive sector is among the fastest growing industries in the world. By 2020 it is expected the annual demand for passenger vehicles commercial vehicles and two wheelers in the country will be 46.7 million turning India into the third largest vehicle market in the world. As per International Energy Agency (IEA) estimates globally transportation sector accounts for 30 per cent of worldwide energy consumption and is the second largest source of carbon dioxide emission contributing to 20 per cent of greenhouse gas. Indias National Mission for Electric Mobility seeks to mitigate the adverse impact of economic development by completely switching over to electric vehicles by 2030. A n o t h e r m a j o r s o u r c e o f environmental pollution is nuclear power generation. Nuclear plants create 50 per cent more thermal pollution than fossil fuel plants. The challenge India faces now is to improve energy access to modern energy at affordable price in a sustainable and responsible manner without sacrificing economic growth and social development to meet the aspirations of its burgeoning population. banking service chronicle magazine pdf
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