India's Path to Energy Independence by 2047: A Green Revolution
Key Ideas
- India aims to achieve energy independence by 2047 through a transition to green technologies, including electric vehicles and green hydrogen for heavy industrial production.
- The nation plans to install over 500 GW of non-fossil electricity generation capacity by 2030 and targets a green grid of 90% by 2047, significantly reducing CO2 emissions and air pollution-related deaths.
- The ambitious targets set forth in the Viksit Bharat (VB) vision require substantial capital investment but are expected to yield economic benefits, including net consumer savings of $2.5 trillion by 2047 and a 95% reduction in industrial coal imports.
- The VB policy framework focuses on green technology deployment, financial support for emerging technologies, long-term infrastructure planning, domestic manufacturing scaling, and ensuring a fair transition, emphasizing the importance of collaboration across sectors for a sustainable India.
India, heavily dependent on oil and coal imports, aims to achieve energy independence by 2047 under the Viksit Bharat (VB) vision. The plan involves a significant shift towards green technologies, including the installation of over 500 GW of non-fossil electricity generation capacity by 2030 and a target of 90% green grid by 2047. This transition includes promoting electric vehicles and green hydrogen for heavy industrial production to reduce CO2 emissions and air pollution-related deaths significantly. Despite the need for substantial capital investment, estimated at ₹11-15 million crores between 2023 and 2047, the transition is expected to bring economic benefits, such as net consumer savings of $2.5 trillion by 2047 and a 95% reduction in industrial coal imports, enhancing India's energy security. The VB policy framework focuses on green technology deployment, financial support for emerging technologies, infrastructure planning, domestic manufacturing scaling, and ensuring a fair transition, highlighting the importance of collaboration for sustainable development.
Topics
India
Renewable Energy
Environmental Impact
Sustainable Development
Energy Independence
Green Technologies
Economic Resilience
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