Page 33 - NIS English 01-15 March, 2025

NATION
India Energy Week

ACHIEVEMENTS

n India is the first G20 country to achieve the targets
of Paris agreement. Today, India is the world’s third
largest producer of solar energy.
n India’s solar power generation capacity has
grown 32-fold in the last 10 years.
n Through schemes like PM Surya Ghar, ordinary
families and farmers of the country have been
made ‘Urza datta’. This is creating new skills in the
solar sector, creating a new service ecosystem.

n India currently has an ethanol blending rate of 19%.
This has increased the income of the farmers along
with the saving of foreign exchange. This year, India
is trying to achieve a 20% ethanol blending rate.
n During India’s presidency of the G20, the global
biofuels alliance was formed, which is steadily
growing. 12 international organizations and 28
nations have joined. It is turning trash into wealth.
Experts around the world
GOALS IN ANOTHERS 5 YEARS are emphasizing that the 21st
century belongs to India. India is
PM Modi said that the next two decades are very
driving not only its growth but
important for a Viksit Bharat and in the next five years
we are going to cross many major milestones. Many
of our energy goals are in line with the 2030 deadline. also the growth of the world,
with the energy sector playing a
n India’s total non-fossil fuel based energy capacity
has reached 217.62 gigawatts and the country is significant role.
now moving towards an ambitious target of 500
gigawatts of renewable energy capacity by 2030.
- Narendra Modi, Prime Minister
n Achieving net zero carbon emissions by 2030 for
railways.
n Includes producing five million metric tons of
green hydrogen annually.
INDIA’S EXCELLENT PERFORMANCE
n India is currently the world’s fourth largest refining
IN ENERGY CONSERVATION
hub and is working to increase its capacity by 20%.
India has the best performance in terms
of energy conservation compared to other
STEPS TAKEN FOR ENERGY SECURITY
countries in the world. Global energy intensity
improved by 2% during 2010-19, compared to
n Government has exempted a number of items
2.5% in India, according to the International
relating to the manufacture of EVs and mobile
Energy Agency. Global energy intensity
phone batteries from basic customs duties.
improved by 1.3% during 2021-24, while India’s
n In the past 10 years, solar PV module manufacturing energy intensity improved by 1.6%.
capacity has increased from 2 GW to about 70 GW.

exploration, the Prime Minister highlighted that to improved financial terms. He emphasized that these
make India’s upstream sector more attractive, the reforms will facilitate the exploration of oil and gas
Government introduced the Open Acreage Licensing resources in the maritime sector, increase production,
Policy (OALP). PM Modi noted that changes to the and maintain strategic petroleum reserves. This will
Oilfields Regulation & Development Act now offer lead to a rise in the utilization of natural gas in the
stakeholders policy stability, extended leases, and near future. n

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