Will India Meet Its Energy Targets To Become A Green Nation
Have you ever experienced travelling for two hours to reach your home from the airport which is just 5 km away!? The excuses stating `traffic' is resounding everywhere be it office, school or even while consoling your beloved partner for being late! One thing that's always being a matter of wonder is the populace, especially of India. Where are they mush-rooming from? And it is so true that we are the reason for every problem that is embracing us and our environment. The two hours of travel has so many things to tell the world. Zooming into a bigger picture, the reason for the traffic is so many vehicles around? The resource petrol/diesel is shared between all the travellers? The hours of travel leads to extra consumption of those assets?
We are dramatically increasing in numbers while the amount to energy resources is limited. It's just like sharing a plate of dinner among ten friends. Sad and non-satisfactory! Most of the human demands today is met by conventional sources of energy like oils, natural gases, fossil fuels and others. Undoubtedly, the population will further will increase and the end of conventional / non-re-newable energy sources is likely nearing. Not something to be happy about!
We, Government and Non- Conventional Energy
Electricity demand in India is growing exponentially and the government wants to boost renewable energy generation capacity to partly meet the increasing demand.
The governments and the entire world realizing the needs to shift to the alternatives available, which are renewable sources of energy. We are marching towards harnessing energy from sun, wind, bio-mass and others. The adaption to EVs are also very much visible. In regards with this, India is turning as one of the largest countries to produce energy from renewable sources. As of 2019, India's total electricity generation from wind and solar energy is 35 percent, while 55 percent is from coal, two percent from nuclear power, and the rest from hydro and other sources.
Currently, with a potential of 363 gigawatts capacity and regulations concentrating the renewable energy sec-tor, Northern part of India is expected to become the hub for renewable energy in the country. The Government is committed to increased use of clean energy sources and is already undertaking various large-scale sustainable power projects and promoting green energy heavily. There are also several consultancy firms supporting sustainable environment. In addition, this sector has capacity to create many employment opportunities at different appellations, majorly in the rural part.
Hard but Not Impossible!
The Ministry of New and Renewable Energy (MNRE) has set an ambitious target to set up renewable energy capacities to the tune of 175 GW by 2022 of which about 100 GW is planned for solar, 60 for wind and other for hydro, bio among other India's renewable energy sector is expected to attract investments of up to US$ 80 billion in the next four years.
Experts, however, say it will be hard for India to meet the ambitious targets, pointing out the slowdown in wind power and the dip in solar investments in recent years. But the country's geographical presence and its favour-able condition in terms of solar and wind together with external support by government can make anything possible. While the population is turning as a major factor for the world's destruction... we are forgetting that harmony and unity among us, one step together to save the world can definitely make the world better and beautiful.
At present, India's renewable power generation capacity has increased at a fast pace over years, posting a CAGR of 19.78 percent.
· The focus of Government of India has completely shifted to clean energy in the short span. With constant govt, the sector is becoming attractive from business perception as well.
· As the country is striving to meet its energy demand and target, which is expected to reach 15,820 Terawatt-hour by 2040, the industry will remain in the limelight for improvement.