Do you think India will meet 50 percent of its energy needs from renewable energy by 2030? Justify your answer. How will the shift of subsidies from fossil fuels to renewables help achieve the above objective? Explain. (250 words) [2022]
It is difficult to predict with certainty whether India will meet 50% of its energy needs from renewable energy by 2030. However, there are a number of factors that suggest it is possible for India to achieve this goal.
One of the key factors that could help India to meet its renewable energy targets is the country’s strong commitment to renewable energy development. In recent years, India has made significant progress in expanding its renewable energy capacity, and has set ambitious targets for the future. For example, the country has set a goal of achieving 175 GW of renewable energy capacity by 2022, and a target of 450 GW by 2030. These targets are supported by a range of policy measures, including financial incentives, regulatory frameworks, and capacity-building initiatives.
Another factor that could help India to achieve its renewable energy targets is the shift of subsidies from fossil fuels to renewables. By redirecting subsidies away from fossil fuels and towards renewables, the government can create a more favorable environment for the development of renewable energy technologies, and encourage businesses and individuals to invest in and adopt renewable energy solutions. This shift could help to reduce the costs of renewable energy, and make it more competitive with fossil fuels, which could in turn help to accelerate the adoption of renewables and reduce the country’s reliance on fossil fuels.
Overall, while it is difficult to predict with certainty whether India will meet 50% of its energy needs from renewable energy by 2030, the country’s strong commitment to renewable energy development and the shift of subsidies from fossil fuels to renewables suggest that it is possible for India to achieve this goal.
