{"id":14817,"date":"2021-02-10T14:59:22","date_gmt":"2021-02-10T11:59:22","guid":{"rendered":"https:\/\/bazaartimes.com\/?p=14817"},"modified":"2021-02-10T14:59:27","modified_gmt":"2021-02-10T11:59:27","slug":"india-to-see-largest-energy-demand-of-any-country","status":"publish","type":"post","link":"https:\/\/bazaartimes.com\/india-to-see-largest-energy-demand-of-any-country\/","title":{"rendered":"India to see largest energy demand of any country"},"content":{"rendered":"\n

Country needs $1.4 trillion to put energy sector on a sustainable path over next two decades, new IEA report says<\/em><\/strong><\/p>\n\n\n\n

India has the potential to initiate policies and investments to accelerate clean energy transition to support the country\u2019s forecast largest increase in energy demand of any country over the next 20 years, according to the International Energy Agency’s (IEA) India Energy Outlook 2021 report on Tuesday.<\/p>\n\n\n\n

The special report in the IEA’s World Energy Outlook series exams the opportunities and challenges faced by the planet’s third-largest energy-consuming country as it seeks to recover from the COVID-19 crisis.<\/p>\n\n\n\n

The report highlights the challenge that India will face in its ability to ensure affordable, clean and reliable energy for its growing population for the future development of its economy while avoiding the kind of carbon-intensive path previously followed by other countries.<\/p>\n\n\n\n

The IEA says that this will require strong policies, technological leaps and a surge in clean energy investment at a time when the combination of a growing and industrializing economy, an expanding and increasingly urban population will drive energy use higher.<\/p>\n\n\n\n

This, the IEA says, raises the question as to how best to meet this swelling energy demand without exacerbating issues like costly energy imports, air pollution and greenhouse gas emissions.<\/p>\n\n\n\n

According to the report, the rapid expansion of solar power in India, together with policy-making are transforming the country’s electricity sector to provide clean and reliable power.<\/p>\n\n\n\n

IEA’s Executive Director Fatih Birol acknowledged India\u2019s remarkable progress in recent years to bring electricity connections to hundreds of millions of people by impressively scaling up the use of renewable energy, particularly solar.<\/p>\n\n\n\n

“What our new report makes clear is the tremendous opportunity for India to successfully meet the aspirations of its citizens without following the high carbon pathway that other economies have pursued in the past. The energy policy successes of the Indian government to date make me very optimistic about its ability to meet the challenges ahead in terms of energy security and sustainability,” he noted.<\/p>\n\n\n\n

He said that there would be challenges in developing sustainable development in the transport and industrial sectors areas like road freight, steel and cement, as is the case in other economies around the world.<\/p>\n\n\n\n

India’s energy future, more than that of any other major economy, depends on buildings and factories that are yet to be built and vehicles and appliances that are yet to be bought, he added.<\/p>\n\n\n\n