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New Energy World
New Energy World embraces the whole energy industry as it connects and converges to address the decarbonisation challenge. It covers progress being made across the industry, from the dynamics under way to reduce emissions in oil and gas, through improvements to the efficiency of energy conversion and use, to cutting-edge initiatives in renewable and low carbon technologies.
India has the world’s second largest population and one of the fastest growing economies. It is currently heavily reliant on coal for its energy needs but has pledged to achieve net zero emissions by 2070. Soumya Singhal, Associate and Coordinator for Research and Partnerships at SPRF India, reports on how this could be achieved.
The 26th UN Climate Change Conference of Parties (COP26), held in November 2021 in Glasgow, witnessed countries setting targets to achieve net zero carbon emissions. But, since these nations began progressing towards their net zero targets, energy security has suddenly taken centre stage.
India's 12th Five Year Plan defines energy security as ensuring an uninterrupted supply of energy to support economic and commercial activities necessary for long-term economic growth. However, a re-evaluation of the very concept of energy security has brought forth nuances around the ability of energy infrastructure to bounce back from economic, geopolitical and environmental shocks while also capping carbon emissions.
At COP26, India pledged to achieve a non-fossil fuel energy capacity of 500 GW and fulfil 50% of its energy requirements via renewable energies by 2030. These commitments improve India’s previous Nationally Determined Contribution (NDC) of achieving 40% of electric power installed capacity from non-fossil fuels by 2030 and align with its goal of reaching net zero carbon emissions by 2070.