Sustainable Energy Revolutionizing Energy Efficiency
India is working at multiple levels to make India a greener and cleaner nation.
Over the last couple of centuries, there has been a steep rise in global energy consumption. I believe that the two major culprits behind this herculean leap in energy demand are improved purchasing power and a sophisticated lifestyle. Environmentalists and nature experts have been raising concerns for quite some time as the current pattern of energy consumption is resulting in the depletion of fossil fuels, an increase in the level of greenhouse gas emission, global warming and so on. Even though nations are coming up with net-zero commitments, I still feel that there are multiple challenges. According to the latest IEA data, around 775 million people across the globe suffer from energy poverty, i.e., they don’t have access to the basic form of energy for cooking, heating, lighting and transportation. As a result, India is working at multiple levels to make India a greener and cleaner nation.
A Paradigm Shift Towards Sustainable Energy Sources
The world is currently grappling with issues like population growth, a dwindling economy, and global warming. That’s why nations are working together to enhance energy efficiency and de-carbonization while finding ways to reduce pollutant emissions. They are prioritizing renewable power to keep carbon footprints under control. Amit Jain (Sterling and Wilson Renewable Energy Group Global CEO) believes that renewable energy will not only curb pollution but also help improve energy security, mitigate climate change and boost economic development.
For instance, France has recently partnered with the UAE to launch a bilateral program for developing commercial and investable opportunities to accelerate clean energy development. India, too, has announced that it would switch to sustainable energy sources to cater to about 50% of its electricity requirements by 2030. The country is eyeing low-carbon and sustainable energy sources like solar power, hydropower and wind energy to meet its net zero emission commitment by 2070. Honourable Prime Minister Narendra Modi has also announced the installation of 500 gigawatts of sustainable energy, bringing down carbon emissions by a whopping 45% in India.
Another significant step towards sustainability I came across is the recent announcement of the National Green Hydrogen Mission with an INR 19,700 crore outlay. The government eyes to achieve at least five million metric tonnes (MMT) of green hydrogen production by 2030. According to PM Narendra Modi, this mission will further strengthen India’s sustainable development and provide investment opportunities for the youth.
Conclusion
Today, policy decisions should be taken in a way that we and our future generations can benefit from sustainability. I believe that developing apt infrastructure that can support the switch to sustainable energy sources is imperative for enhancing energy efficiency and making it easily accessible to the common man. It is high time that the country also takes effective steps to reduce its dependence on bio-mass such as dung, wood and coal-based fuel for cooking purposes. While proper attention and support should be offered to the ailing electricity distribution companies, there’s an urgent necessity to curb pollution across major Indian cities as the air quality is gradually going down. In the end, I will urge global leaders to take lessons from the ongoing policies and upcoming strategies to gradually switch to sustainable energy sources. As Ratul Puri (Chairman of Hindustan Power projects) rightly said, it will not only clean the air and boost employment but also improve health indices and propel 360-degree development.
Press Release Distributed by The Express Wire
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