Bharat, also known as India, is facing significant challenges in its energy sector as it experiences the largest energy demand growth in the next three decades. The country's overall energy consumption is projected to surge by 100 percent by 2050, with a heavy reliance on coal for power generation. However, Bharat has committed to achieving net-zero carbon emissions by 2070 and reducing carbon emission intensity. To meet these goals, the country aims to increase its non-fossil fuel energy capacity to 500 GW by 2030. This requires diversifying energy supplies, boosting oil and gas exploration, transitioning to a gas-based economy, promoting renewable fuels, and investing in clean energy technologies [4a486209].
To achieve its energy goals, Bharat needs to address several key areas. Firstly, the financial health of state-owned Distribution Companies (DISCOMs) needs to improve to ramp up non-fossil fuel capacity. Additionally, Bharat should focus on integrating renewable energy into the power grid, developing battery energy storage systems, and scaling up nuclear energy. The country should also establish a strategic framework to secure critical minerals for its energy transition and create a national carbon market. Effective energy governance is crucial, requiring the integration of various ministries and the redesigning of the energy architecture. This will ensure a well-architected energy governance system that aligns with Bharat's economic and ecological goals. The global green agenda will be fought on the axes of supply chain resilience, domestic investment, and national security [4a486209].
Bharat's energy transition and the achievement of its net-zero target are of utmost importance. The country needs to diversify its energy sources and reduce its reliance on coal. Promoting renewable energy and investing in clean energy technologies will be key drivers in this transition. Additionally, Bharat should focus on improving the financial health of DISCOMs and integrating renewable energy into the power grid. Developing battery energy storage systems and scaling up nuclear energy will also play a crucial role. Establishing a strategic framework for securing critical minerals and creating a national carbon market will further support Bharat's energy goals. Effective energy governance, integrating various ministries and redesigning the energy architecture, is essential for success. By aligning its economic and ecological goals, Bharat can contribute to the global green agenda and ensure a sustainable future [4a486209].