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India's Energy Shift: Progress, Challenges, Global Impact



  Nov 14, 2023

India’s Energy Transition:Current Status



Q1: What is energy transition?

A1: Energy transition refers to the global shift from fossil-based systems of energy production and consumption — including oil, natural gas, and coal — to renewable energy sources like wind, solar, and hydropower.

Q2: Why is energy transition necessary?

A2: Transitioning to renewable energy is essential for reducing carbon emissions, combating climate change, ensuring energy security, and creating sustainable economic growth.

Q3: What is the current progress of India’s energy transition?

A3: India’s energy transition is ongoing, with an increase in the share of renewable energy in the total power generation mix, reaching 14% as of FY24.

Q4: What are India’s targets for renewable energy?

A4: India aims to achieve 431 GW of renewable energy capacity by 2030, which would account for 31% of its total power generation.

Q5: What challenges does India face in its energy transition?

A5: Challenges include the large existing dependence on thermal energy, financial and infrastructural constraints for scaling up renewable projects, and the need for technological advancements.

Q6: How has the pandemic affected India’s energy transition?

A6: Post-pandemic, India has seen a slow down in capacity addition growth for renewable energy, but a quicker pace in the actual generation from these sources.

Q7: What role does coal play in India’s current energy mix?

A7: Coal remains the dominant source, accounting for 73% of total power generation as of FY24, indicating the scale of transition still required.

Q8: How is India addressing the dominance of coal in its energy mix?

A8: While coal is still prevalent, India is actively investing in renewable energy projects and incentivizing renewable energy adoption to reduce the reliance on coal.

Q9: What incentives are being provided for renewable energy in India?

A9: Incentives include financial support, policy initiatives like the Production Linked Incentive (PLI) scheme, and international collaboration for technology and investment.

Q10: What is the significance of India becoming the second-largest solar manufacturer?

A10: India’s rise as a major solar manufacturer reflects its commitment to the energy transition and its role in the global renewable energy market.

Conclusion:

India’s energy transition is a critical part of its sustainable development goals. Despite the progress, significant challenges remain, requiring robust policy support and international cooperation.


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