Hydropower was the RES with the highest installed capacity (49.8 GW) in FY2018 – but it is also the one enjoying the lowest growth rates in India. Further, the share of large hydropower installed capacity in total RES installed capacity dropped below 50% for the first time in FY2016 and was around 40% in FY2018. According to the South Asia Network on Dams, Rivers, and People (“SANDRP”), India’s hydropower output fell below 10% of total electricity generation in India for the second time in FY2018. Large hydropower in India is considered a conventional energy source and, as such, does not receive incentives like other RES. Small hydropower projects are eligible for some financial incentives, as they fall within the RES category. According to the Centre for Financial Accountability (“CENFA”), the public sector has a dominant share of 92.5% in India’s hydropower sector.

定价逻辑：从 “业绩驱动”重弹性 到“ROEROE ”驱动 重龙头 ；从单一 PE 到。

In Europe, organic farming is practiced primarily due to its social, health, and environmental benefits. Through organic farming, farmers can achieve low emission levels of greenhouse gases, as compared to conventional farming techniques.

Bio-polymers are based partially or completely on natural resources. The raw materials used for the production of bio-polymers include, but not limited to sugar cane, sugar beet, corn starch, potato starch, palm oil, jatropha oil, coconut oil, caster oil, wood pulp, and wheat straw. These raw materials are abundantly available in the developing countries such as Brazil, Thailand etc. In addition, the agricultural land required for the production of these raw materials compared to the available agricultural land is reasonably less.