Thursday, October 3, 2013

Is India renewable ready?

Almost all countries – barring a few – in the world still count on fossil fuels to catch up with the sharp growth on electricity demand in the recent years. India is no exception.

Though India takes pride in being the only country in the world that has a dedicated ministry for renewable energy, it is lagging far behind as compared to countries like US, Spain, Germany, and China. And though there have been enough talks on developing renewable energy in India, those in the sector are complaining about the indifferent behaviour of the government and constant delay in the implementation of amendments required in the power regulations.

If you look at the geographic positioning of India, it enjoys an enviable share of renewable energy resources. Solar power, wind power, hydro power, the country has the potential to significantly reduce its dependency on fossil fuels, and shift to renewable for its ever-growing demand for energy.

India is ready for renewable. However, it does need large-scale projects and investments. Unconditional government support is immensely required by both domestic and foreign energy players. The country has burnt almost all fossil fuels it had in its reservoirs. Something must be done now. Renewable can help. It really can.

No comments:

Post a Comment