Energy Security
In addition to the above mentioned resource and environmental concerns, high energy needs pose serious challenges. In order to attain its developmental goals, India meeds to grow at a fast pace for which energy remains an integral input. Rapid urbanization, industriazation, rising incomes and the growing use of energy intensive products are driving India’s demand for energy. Lack of access to modern energy services and its implications for human well-being mean that energy supplies need to grow to reach the unserved population. In India, 35.5% of the population still lives without access to electricity.
Addressing growth and energy poverty could have significant implications for energy supplies. Though there are significant coal reserves they are mostly located in environmentally sensitive areas and are inferior in quality.
India’s reliance on coal for more than half of its power needs is an issue of great concern for energy security. The country is relatively poor in oil and gas reserves and due to stagnating domestic crude production, India imports approximately 70 percent of its oil. India’s dependence on oil imports is expected to grow to approximately 90 percent by the year 2030. Keeping this in view, India is seeking to increase the use of renewable energy sources to meet the projected economic growth rate since these would be non-exhaustible. Initiatives are also directed towards energy efficiency and demand side management, with a view to control the growth in energy demand.
In addition to the above mentioned resource and environmental concerns, high energy needs pose serious challenges. In order to attain its developmental goals, India meeds to grow at a fast pace for which energy remains an integral input. Rapid urbanization, industriazation, rising incomes and the growing use of energy intensive products are driving India’s demand for energy. Lack of access to modern energy services and its implications for human well-being mean that energy supplies need to grow to reach the unserved population. In India, 35.5% of the population still lives without access to electricity.
Addressing growth and energy poverty could have significant implications for energy supplies. Though there are significant coal reserves they are mostly located in environmentally sensitive areas and are inferior in quality.
India’s reliance on coal for more than half of its power needs is an issue of great concern for energy security. The country is relatively poor in oil and gas reserves and due to stagnating domestic crude production, India imports approximately 70 percent of its oil. India’s dependence on oil imports is expected to grow to approximately 90 percent by the year 2030. Keeping this in view, India is seeking to increase the use of renewable energy sources to meet the projected economic growth rate since these would be non-exhaustible. Initiatives are also directed towards energy efficiency and demand side management, with a view to control the growth in energy demand.
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