To reach its target of 90% renewable energy by 2047, India’s top energy official has cautioned that the nation must “succeed” in domestic production.
Mr. Alok Kumar, India’s power secretary, said that the nation, which is heavily dependent on coal, must deploy clean energy facilities more quickly to fulfill its international climate commitments. Currently, coal powers 70% of India’s energy generation.
India’s energy transition will be extremely difficult if we don’t succeed in promoting domestic manufacturing, Mr. Kumar said outside of a G-20 energy meeting. “The challenge is huge, there is no other option.,” he added.
India wants to raise the percentage of clean energy to 50% by 2030 from the current 42.6%. By 2047—India’s centennial year of independence—the nation also hopes to be electricity self-sufficient.
According to government representatives, India must expand domestic production of green technologies like solar panels, battery storage, and electrolysers for producing green hydrogen if it is to accomplish this lofty goal.
To counter China’s hegemony in the industry, the government is providing incentives for the production of green components to satisfy both domestic and export market demands.
India now ranks fourth in the globe for its hydro, wind, and solar power capacity, which has increased quickly in recent years.
The nation confronts significant difficulties in achieving its ambitious clean energy goals securely and reliably while attempting to balance development for the 1.4 billion population as it is also the third-largest emitter of greenhouse gases in the world.
According to a government document released on Monday, the nation plans to publish tenders for the installation of 250 GW of green energy capacity by March 2028 as part of its effort to reduce emissions by 45% from 2005 levels.
Additionally, the nation is seeking to import vital minerals from abroad, like lithium, to transition to a more sustainable energy source. The nation is also looking into the possibility of developing its own recently discovered mineral resource in Jammu and Kashmir.
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Source: Yahoo News