India's Clean Energy Revolution: A Path Towards Independence from Fossil Fuels by 2047
Key Ideas
- India aims to reduce traditional energy dependence to 30% by 2047, focusing on cleaner fuels like ethanol and natural gas.
- Significant progress has been made in increasing ethanol blending in petrol, targeting 20% by 2025, to address oil import costs and improve the environment.
- India plans to transition to green hydrogen as a key energy source, alongside boosting domestic oil production to reduce the USD 150 billion annual energy imports.
- Ambitious climate goals set during COP26 include switching to 500 GW of non-fossil electricity, achieving half of energy needs from renewables, and cutting emissions by one billion tonnes by 2030.
India is making strides towards reducing its reliance on conventional fossil fuels by its centennial independence celebration in 2047. Petroleum and Natural Gas Minister Hardeep Puri highlighted the challenges of transitioning to cleaner fuels, emphasizing the country's aim to decrease dependence on traditional energies to around 30% by 2047. Key strategies involve increasing ethanol blending in petrol, with a target of 20% by 2025, to address oil import costs and enhance environmental sustainability. India also aims to boost the use of Compressed Natural Gas (CNG) and achieve a 15% energy mix from natural gas. The country is eyeing green hydrogen as a significant energy source and is working towards reducing its USD 150 billion annual energy imports by boosting domestic oil production. Additionally, India has set ambitious climate goals, including transitioning to 500 GW of non-fossil electricity, meeting half of its energy needs from renewables, and reducing emissions by one billion tonnes by 2030. With a commitment to a 45% reduction in emissions intensity of GDP and a target of net-zero emissions by 2070, India aligns itself with global climate mitigation trends.