India is the 3rd largest energy and oil consumer in the world after China and the US. Oil and gas occupied approximately 35% share of India’s energy consumption. It is estimated that India will overtake China as the largest growth market for energy soon with the country’s energy consumption growing by more than 4.2 percent per annum, the fastest among all major economies of the world.

Given these numbers and the fact that India is also the world’s third-largest emitter of carbon dioxide and other greenhouse gases; a rapid and effective shift is required in India’s current energy policy and generation methods to prevent nationwide energy and environmental crisis in the long run.

What is the government doing?

The Indian government under Prime Minister Narendra Modi has made universal access to electricity a key part of its energy ambitions. Prime Minister Modi announced he would seek to add 100 gigawatts of solar power capacity along with increasing renewable-energy capacity to 175 gigawatts by 2022.

What we can do?

Some avenues that can be explored are innovative ideas to increase the implementation and efficiency of renewable energy devices such as solar panels, developing affordable solutions such as electric cars and home appliances that can run on renewable energy, and initiatives to increase the awareness about methods to reduce everyone’s energy consumption.

How will your solutions help? Solutions to reduce India’s dependence on fossil fuels and coal to produce energy will not only have a positive impact on the environment but also significantly reduce India’s import bill, which in turn might reduce inflationary pressure on the economy. India has huge potential for renewable energy and the ability to utilize this potential properly will fuel the next phase of India’s economic growth.

Concerned Department?

  • Ministry of Coal
  • Ministry of Power
  • Ministry of Science and Technology
  • Ministry of New and Renewable Energy
  • Ministry of Petroleum and Natural Gas

All the above details are taken from the StartupIndia Website & all copyrights belong to StartupIndia only. Our motto is only to provide information about all the startup opportunities & ideas to our readers.

StartoCure is the online entrepreneurial magazine platform, where the team brings you Interview & Stories of Entrepreneurs, Inspirations, Influencers, Startups eco-system & Change-makers. StaroCure also committed to bringing resources, research reports, funding reports, and analysis of the startups, as well as profiles of great businesses & entrepreneurs from all over the world.

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