By Pawan Mulukutla
With the climate crisis looming over humanity, world leaders have accelerated the growth of renewable energy, especially large solar parks and electric vehicles – all for good reasons. Though electricity makes up only 17% of all energy consumption, it contributes 46% of all energy-related emissions.
The transport sector contributes to 13% of all carbon emissions. The country has introduced several policies and schemes to incentivize the power sector to reduce emissions through renewables.
The next challenge in India’s efforts to decarbonize its economy is reducing emissions from ‘hard-to-abate’ industries. These sectors are energy-intensive and are not primarily dependent on electricity as an energy source. The use of crude oil and other energy sources are so deeply integrated that the cost and challenges of electrification, even from cheap solar power,…
Budget: India needs to invest Rs 3 lakh crore by 2035 in green hydrogen to keep up with global commitments
