Electricity distribution utilities drive the expansion of energy access and the transition to clean energy.
Renewable energy (RE) and electric vehicles (EVs) are currently the best bet for moving towards a sustainable future.
India has set ambitious medium- and long-term renewable energy targets to counteract the adverse effects of climate change, one of them being the commitment to increase the share of its renewable power capacity to 50% by 2030.
At the recently concluded 27th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP27), India submitted its long-term strategy to achieve zero emissions by 2070.
India is the third-largest energy producer in the world and one of the top energy consumers.
India has set ambitious climate targets as part of its Nationally Determined Contributions (NDCs) to tackle the climate crisis.
The country has already made significant progress with installed renewable energy (RE) capacity reaching 114 GW as of 30 June 2022.
With India’s commitment to achieving net zero by 2070, one of the milestones is attaining 500 GW capacity from non-fossil fuel-based sources by 2030.
Novel and viable alternatives are warranted to achieve the 500 GW renewable energy target for 2030.
In recent years, blockchain technology has made significant strides across various industries, from finance to supply chain management.
With an increasing number of countries setting strong net-zero targets, there is a global push for the gradual discontinuation of fossil-fuel usage and the large-scale adoption of renewable energy (RE).
Uttar Pradesh, the fourth largest state in terms of land area, is the most populated state in India, accounting for over 16% of the country’s total population.
With India’s ambitious 2030 clean energy targets and the 2070 net-zero goal, more was expected from the Union Budget 2023-24 to increase the uptake of electric vehicles (EVs) and solar photovoltaics (PVs).
India’s energy demand is expected to grow at about 3% per annum till 2040, which necessitates the development of more clean power sources to fulfil this demand.
There has in the last few years been a concerted push from policymakers and thought leaders in India to transition to a circular economy to, among other things, enable effective waste management.
Wind energy systems are expected to play a crucial role in meeting India’s ambitious goal of 450 GW of renewable energy installed capacity by 2030, which includes 140 GW of wind energy.
