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In partnership with NITI Aayog, an International Organization has released the first in-depth review of India’s energy policies. The report highlights the achievements of India’s energy policies and provides recommendations to support the government’s goals of promoting well-functioning energy markets and boosting deployment of renewables.
Dr Fatih Birol presented the key findings of the review in New Delhi in the presence of Shri Pralhad Joshi (Minister of Coal), Shri Dharmendra Pradhan (Minister of Petroleum and Natural Gas and Minister of Steel), Shri R K Singh (Minister for Power and Renewable Energy), Dr Rajiv Kumar (Vice Chairman, NITI Aayog), Shri Amitabh Kant (CEO of NITI Aayog), key energy secretaries, ambassadors and think tanks.
The report congratulates the Indian government on its outstanding achievements in extending citizens’ access to electricity, affordable efficient lighting and clean cooking in record time through historic schemes, while pursuing energy market reforms and the swift deployment of renewable technologies. The report highlights the strong growth of renewable energy in India. The review also found that energy efficiency improvements in India avoided 15% of additional energy demand, oil and gas imports, and air pollution as well as 300 million tonnes of CO2 emissions between 2000 and 2018.
India is becoming increasingly influential in global energy trends. Indian oil consumption is expected to grow faster than that of any other major economy. This makes further improving energy security a key priority for India’s economy.
Report estimates that energy demand for India will be doubled by the year of:
The India’s demand for energy is set to double by 2040, and its electricity demand may triple, according to the IEA report.
By: Chetna Yaduvanshi ProfileResourcesReport error
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