What's New :
Political Science Optional Foundation 2024 - Batch Starts: 21st February
Law Optional Foundation 2024, Batch Starts: 24th February
Public Administration Optional Foundation 2024, Batch Starts: 22th February
Sociology Optional Foundation 2024, Batch Starts: 22th February
Anthropology Optional Foundation 2024, Batch Starts: 22th February
History Optional Foundation 2024, Batch Starts: 22th February
Geography Foundation 2024, Batch Starts: 22th February

India aims 50% non-fossil fuel energy by 2030

  • Published
    5th Mar, 2022
Context

PM recently addressed a post-budget webinar on 'Energy for Sustainable Growth’.

About

About the webinar:

  • PM addressed a webinar on 'Energy for Sustainable Growth' for 2022.
  • This is ninth webinar in the series of post-budget webinars addressed by the Prime Minister.
  • It was attended by the ministries of external affairs, coal, power, petroleum and natural gas, environment, and new and renewable energy.

Key takeaways from webinar:

  • 'Energy for Sustainable Growth' is inspired by our ancient traditions and is also the means to fulfil the needs and aspirations of the future.
  • India has a clear vision that sustainable growth is possible only through sustainable energy sources.
  • In Glasgow, India committed to reach net-zero (emissions) by 2070.
  • In COP26, India focussed on ‘LIFE Mission’ to promote a sustainable lifestyle by putting forward the vision of Lifestyle for Environment.
  • India is also leading global collaborations such as the International Solar Alliance.
  • India has a target for non-fossil energy capacity is 500 GW.
  • By 2030, India will achieve 50 percent of our installed energy capacity from non-fossil energy.

India’s Efforts:

  • In budget 2022-23, 19,500 crore rupees have been announced for high-efficiency solar module manufacturing in the direction of solar energy.
  • This will help in making India a global hub in the manufacturing and R&D of solar modules and related products.
  • National Hydrogen Mission: India has an inherent advantage in the form of abundant renewable energy power.
  • India can become the hub of Green Hydrogen in the world.
  • The hydrogen ecosystem is interconnected with the fertilizer, refinery and transportation sectors.
  • This is an area in which the private sector should promote innovations so that India's full potential can be utilized.
  • Battery swapping policy and interoperability standards: Energy storage is a big challenge with renewable energy.
  • In order to find solutions, priority has been given to this year’s budget to maintain growth in the storage capacity.
  • Provisions have also been made in this year's budget regarding battery swapping policy and interoperability standards.
  • This will reduce the problems faced by electric vehicles in India.
  • Plug-in charging takes more time and is costly also.
  • Since a battery costs 40-50% of the total value of an electric vehicle, swapping will reduce the upfront cost of an electric vehicle.
  • Coal gasification is a clean alternative to coal. In budget 2022-23, for coal gasification, 4 pilot projects have been announced which will help in firming up technical and financial viability of these projects. 
X

Verifying, please be patient.

Enquire Now