‘India can achieve self-sufficiency in energy by 2047’


A study by the ‘Lawrence Berkeley National Laboratory’ of the US Ministry of Energy states that India can achieve self-sufficiency in energy by 2047.

India will celebrate the 100th anniversary of the country’s independence in 2047. According to the study titled ‘Pathways to Atmanirbhar Bharat’, India’s energy infrastructure will require an investment of three trillion dollars in the coming decades.

The study said it is convinced that achieving energy self-sufficiency would bring significant economic, environmental and energy benefits to India, leading to consumer savings of $2,500 billion by 2047, reducing fossil fuel import costs by 90 percent, or 240 percent. billion dollars per year, India’s industrial competitiveness will increase globally and it will achieve net zero ahead of schedule.

“India’s energy infrastructure will require $3 trillion in investment over the coming decades, and our study shows that new Prioritizing energy assets (that are cost-effective and clean) are critical to long-term financial stability. ,

According to the study, “India’s path to becoming self-sufficient in the energy sector will include the power sector installing more than 500 GW of non-fossil power generation capacity by 2030, a target already announced by the government, to reach 80 percent by 2040 and Will achieve 90 percent clean grid by 2047.

According to the study, by 2035, nearly 100 percent of new vehicles sold are expected to be electric, and heavy industrial production may shift primarily to green hydrogen and electrification. “India can take advantage of the existing policy framework to expand the use of clean energy,” Phadke said.


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