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Energy Choices of THIS COUNTRY will be critical for the planet says IEA chief

India is one of the world's fastest-growing major economy with 1.4bn population. Government of India has initiated a large-scale renewable energy action plan and promote the auction of oil and gas markets for foreign investors. Now the International Energy Agency recently published its maiden review of Energy Policy of India.

The National Institute for Transforming India, a government think-tank that helps plan and implement major policy initiative said that "India is working hard to move towards its aspirations of transforming the energy sector". IEA Executive Director Dr. Faith Birol presented the key findings of the IEA in-depth review of India's energy policies on Friday in New Delhi, where he said " The energy choices that India makes will be critical for Indian citizens as well as the future of the planet".

The report shows that the growth of renewable energy is very strong, which now accounts for almost 23 per cent of the country's total installed capacity.  the share variable renewables in the energy in electricity generation are already above 15 per cent, a level that IEA says " calls for dedicated policies to ensure they integrate smoothly into the power system'. 

Based on current policies, India's energy demand could double by 2040, with electricity demand potentially tripling as a result of increased appliances ownership and cooling needs. not only electricity but also oil demand to reach heights of all the time. in order to tackle this government should also focus on Bio-energy as a replacement of hazardous and costly fuels like petrol and diesel. 

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Matt Chester's picture
Matt Chester on Jan 23, 2020 5:40 pm GMT

India is definitely going to be one of the most important energy markets to watch, no one doubts that. One of the major struggles is knowing how to balance watching their energy needs grow with not letting them be met with a majority of fossil fuels-- though that introduces the economic quandary of how fair is it that when they're developing they can't lean on the cheap fuel that fossil fuels afforded the current economic super powers built on the back of dirty fuels. Compromise will be needed on all sides when it comes to international agreements with India's energy growth, but I'm not sure everyone will willingly budge

Rupam Wani's picture
Rupam Wani on Jan 24, 2020 8:19 am GMT

I definitely agree with you matt. Because even china has built its economy with the help of traditional fuels. It will be very adventures but at the same time an important task for India to grow rapidly with new energy sources. and if India successfully does it, will be a most remarkable and inspirational thing for the other developing nations. Let's hope for the best!

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