A realistic glimpse into India’s Energy Security in foreseeable future in view of renewable alternatives
| Vol-4 | Issue-03 | March 2019 | Published Online: 13 March 2019 PDF ( 295 KB ) | ||
| DOI: https://doi.org/10.5281/zenodo.2603012 | ||
| Author(s) | ||
Mr. Ram narayan Kahar
1;
Dr. Umesh R. Dangarwala
2
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1Research Scholar, Dept. of Commerce & Business Management, Faculty of Commerce, The Maharaja Sayajirao University of Baroda, Vadodara (India) 2Former Head (offg.) & Associate Professor, Dept. of Commerce & Business Management, Faculty of Commerce, The Maharaja Sayajirao University of Baroda, Vadodara (India) |
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| Abstract | ||
Energy Security plays a key role in the national security of any given country because without energy there is no economy, and without an economy there is no progress of society in general. In Indian context, electricity demand has grown at an average of 4 percent per annum over last 30 years. Currently, India is fulfilling their demand through domestic coal and oil and import of coal and oil playing a key role in India`s energy security. In this context, India is looking for long-term solutions to increase energy security by reducing dependence on foreign oil & coal import, as coal reserves available in India is to be kept as reserve for future. Keeping in view this fact and considering the environmental issues, Government of India declares the development of renewable energy with the available potential and targeted 175GW installed capacity by the end of 2022. With this prediction, renewable energy will decide the future energy security of India. Further looking to the growth of renewable and predicted amount of development in future the role of renewable energy is not to be overlooked and it supports the reduction in import of coal and ultimately ensures the energy security in future. |
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| Keywords | ||
| Energy security, Renewable energy, alternative sources | ||
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