Future of India in the field of Renewable Resources

*Future of India in the field of Renewable Energy Resources*

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Renewable energy sources plays a vital role in sustainable development of a country by decreasing the amount of green house gas emissions and providing the access of more and more energy which was not there previously. India needs to advance the economic development and by the same time improve energy security, improve access to energy and to alleviate climate change. This has to be the primary objective for deploying renewable resources in India.

Sustainable development is possible done by the use of sustainable energy and by ensuring access to affordable, reliable, sustainable, and modern energy for common citizens. Strong government support and the increasingly fabourable economic situation have pushed India to be
one of the top leaders in the world’s most attractive renewable energy markets.

The government of India has designed policies, schemes, and liberal environment to attract foreign investments to grow faster in the country in the
renewable energy market at a rapid rate. It is anticipated that the renewable energy resources sector can create a large number of domestic job opportunities over the following years.

The country has already set an enhanced target at COP26 of 500 GW of non-fossil fuel based energy by 2030. India stands 4th globally in Renewable Energy Installed Capacity and also 4th in Wind Power Capacity (as per REN21 Renewables 2022 Global Status Report). However, renewable excluding hydroelectricity will contribute only 5-6% of India’s enegy mix by 2031-2032. India has an enormous potential for renewable energy across the various sources and greater reliance on the access of such amount of renewable energy.

The Advantages of Renewable Energy Resources:

1) Zero carbon emmision
2) Cheaper than the non-renewable resources
3) Cleaner air and water
4) It is a kind of fuel supply that never runs out
5) Creating economic development and jobs in manufacturing, installation and more

Few Challenges faced in field of Renewable resources are:

1) Higher Capital cost
2) Electricity production can be unreliable
3) Energy storage will be a challenge
4) Availability of power. One of the biggest concerns in the field of renewable energy in power generation depending on natural resources that are uncontrollable by humans.

Renewable elementary is growing at a very fast rate in India than any other major economy. India’s target is to produce five million tones of green hydrogen by 2030. The major goal of green energy plan and strategy is to reduce India’s dependence on fossils fuels and to move towards renewable energy resources.

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