will-mission-green-energy-alchemize-india-into-a-global-low-carbon-economy?

The main asset in the modern period is energy and unquestionably necessary for a developing economy like India because it is the backbone of production, transportation, construction, communication, and mobility. India has the chance to direct the G20’s discussion on the energy transition on its own terms. The Prime Minister’s personal commitment to the Lifestyle for Environment (LiFE) principle may serve as a solid foundation for India to persuade the other G20 members of the legitimacy of a transition that is fair to both the present and future generations.

A Bloomberg report recently predicted that hydrogen could meet up to 24 per cent of the world’s energy needs by 2050, creating a market worth $ 600 billion. National Hydrogen Mission is expected to incentivise various approaches which can help India become a sizeable player in green energy. According to the report of the Centre for Economics and Business Research (CEBR), India will become a $ ten trillion economy by 2035 and National Hydrogen Mission can play a greater part in achieving this feat.

Rising population, industrialization, and the implementation of development plans for the country’s overall growth are some of the core reasons for an increase in the energy demand. Recently IMF released its report, wherein according to its projections India is the fastest-growing major economy, and due to the same reason India’s energy demands are anticipated to double in the next 20 years and that denying people this sustainable energy would be the same as denying millions of people life (WSDS). India’s share in the global oil demand is 5% which is expected to rise to 11%, whereas the gas demand of India is expected to rise up to 500%. However, we need to be aware that energy production is responsible for more than a third of the world’s greenhouse gas emissions, which cause pollution and climate change............read more https://www.focusglobalreporter.org/will-mission-green-energy-alchemize-india-into-a-global-low-carbon-economy/