For India, diversifying its energy mix is now a need rather than an option. Explain.
Imagine a future where we no longer need to dig deep into the Earth, causing harm to our planet, to meet our resource needs. Instead, we turn to the stars, to the ancient, silent asteroids that drift through space, carrying within them a wealth of untapped resources. Extracting fuel from asteroids cRead more
Imagine a future where we no longer need to dig deep into the Earth, causing harm to our planet, to meet our resource needs. Instead, we turn to the stars, to the ancient, silent asteroids that drift through space, carrying within them a wealth of untapped resources.
Extracting fuel from asteroids could allow us to preserve our natural landscapes and reduce pollution. The mining of asteroids would mean less destruction of our forests, mountains, and oceans. Earth’s ecosystems would have a chance to recover and thrive, providing a cleaner and healthier environment for all living creatures.
Economically, the benefits are equally transformative. By establishing refueling stations in space, we could significantly reduce the cost of space travel. This would make it possible to explore deeper into our solar system, driving advancements in technology and creating new industries. The materials and fuel harvested from asteroids could be used to support space missions, build structures in orbit, and even develop new forms of energy.
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India is a major force in the global energy economy. Energy consumption has more than doubled since 2000, propelled upwards by a growing population and rapid economic growth. Continued endeavours towards industrialization and urbanization will further increase the energy demand. According to the IndRead more
India is a major force in the global energy economy. Energy consumption has more than doubled since 2000, propelled upwards by a growing population and rapid economic growth. Continued endeavours towards industrialization and urbanization will further increase the energy demand. According to the India Energy Outlook 2021, India will be the main driver of rising demand for energy over the next two decades, accounting for 25% of global growth. India’s energy consumption is expected to nearly double as the nation’s gross domestic product expands to an estimated $8.6 trillion by 2040. In this context, diversification of energy resources becomes a necessity for India:
Thus, the need for energy diversification for India cannot be overstated. Due to favourable policies by the government, India is on track to meet its Paris Climate Change commitments. In 2021, with an increase in renewable energy capacity to 102 GW, the total energy generation from renewable sources is about 12 per cent. This points towards a positive trajectory towards energy diversification.
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