Page 15 - NIS English 01-15,April 2023

Budget Webinar Cover Story

Three Pillars of Green Growth

and Energy Transfer WAY FORWARD

Increasing the Reducing the n Will achieve 500 GW non-fossil-based power capacity
production use of fossil target by 2030.
of renewable fuels in the n Prime Minister Modi invited the stakeholders associated
energy. economy. with the energy sector to invest in India.
n Recently E20 fuel was launched. India has a lot of
agricultural residues. In such a situation, investors
Rapid progress should not miss the opportunity to set up ethanol plants
towards a gas- in every corner of the country.
based economy
within the n With the National Green Hydrogen Mission, India will
country. produce 5 MMT of green hydrogen every year, for this, the
participation of the private sector will be encouraged.
n India has the potential to produce 10 thousand million
Swachh Bharat Mission cubic meters of biogas from cow dung and 1.5 lakh

million cubic meters of gas from agricultural residues.
100% door-to-door solid waste This can contribute up to 8% of the country's city gas
collection will start in distribution.
89,500 n The Central Government's Waste to Energy program is

wards this year. In 89% of wards, waste sorting creating a new market for the country's private sector
will start at the source level itself. and MSMEs.
n The production of Compressed Bio Gas from agricultural
Achievements that served wastes in villages and solid wastes in cities is a great
opportunity. The government is giving tax exemptions
as the foundation... and financial help.
n Vehicle scrappage policy is an important part of the
n India achieved the target of the contribution of 40 green growth strategy. In the next few months, about 3
percent non-fossil fuel in our installed electricity lakh vehicles of the central and state government which
capacity nine years in advance. are more than 15 years old are to be scrapped.
n India also achieved the target of 10 percent ethanol n Scrapping vehicles will strengthen the circular economy.
blending in petrol 5 months in advance. PM Modi urged startups to connect through the circular

n India has set a target of 20 percent ethanol blending economy.
by 2025-26 instead of 2030. n India has to increase its battery storage capacity to 125
GWh in the next 6-7 years. For this, an investment of
n 1.48 lakh hectares of the area along the banks of river lakhs of crores of rupees is required. In case of loss after
Ganga in four states have been included in the annual investment will be compensated by a special scheme.
plan for natural farming.
n India has a large area of water transport, but currently,
only 5% of goods are transported on coastal routes.
Now with the construction of waterways, a lot of
opportunities are being created in this sector.

New India Samachar April 1-15, 2023 13