{"id":240656,"date":"2023-05-02T20:09:46","date_gmt":"2023-05-02T14:39:46","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=240656"},"modified":"2023-05-03T17:04:18","modified_gmt":"2023-05-03T11:34:18","slug":"roadmap-to-energy-justice","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/roadmap-to-energy-justice\/","title":{"rendered":"Roadmap to energy justice"},"content":{"rendered":"\n

Source<\/strong>: The post is based on the article\u00a0\u201cRoadmap to energy justice<\/strong>\u201d published in The Indian Express <\/strong>on\u00a02nd<\/sup> May 2023<\/strong>.<\/p>\n

Syllabus: GS 3 \u2013 Infrastructure \u2013 Energy<\/strong><\/p>\n

Relevance: <\/strong>measures taken by India to cater its rising energy demand.<\/strong><\/p>\n

News<\/strong>: India\u2019s energy demand is growing. As per the BP energy outlook and IEA estimates<\/strong>, India will account for approximately 25 percent of global energy demand growth between 2020-2040.<\/p>\n

The article discusses India’s position on various energy requirements and measures taken by India to check rising crude prices.<\/p>\n

How has India been able to manage the rising prices of crude oil?<\/strong><\/h2>\n

Prices of diesel in India have gone down in the last one year at a time when petrol and diesel prices went up by 35-40 per cent in the US, Canada, Spain and the UK.<\/strong><\/p>\n

India, despite being a major importer of crude oil and natural gas, has been able to control the prices of petrol and diesel.<\/p>\n

This was made possible by<\/strong> \u2013 a)<\/strong> massive cuts in excise duty and VAT rates by several states, b)<\/strong> Oil PSUs absorbing huge losses<\/strong> to ensure that the rising prices of crude oil and natural gas in the international market were not passed on to Indian consumers, c)<\/strong> increasing subsidised APM gas for city gas distribution sector, d<\/strong>) imposing an export cess on petrol, diesel and ATF and windfall tax<\/strong> on domestically produced petroleum products, d)<\/strong> expanding its network of crude oil suppliers to Russia and the US to prevent supply disruptions, e)<\/strong> expanding refining capacity, f)<\/strong> purchasing petroleum products from certain nations has helped in keeping oil prices in check in the global value chain.<\/p>\n

Note<\/em><\/strong>: <\/em>India\u2019s refining capacity is the fourth largest in the world after the US, China, and Russia.<\/em><\/p>\n

What are other efforts being taken by India for its energy requirements?<\/strong><\/h2>\n

Gas based economy:<\/strong> India is accelerating its efforts to move towards a gas-based economy<\/strong><\/a> by increasing the share of gas from the current 6.3 percent to 15 percent by 2030.<\/strong>\u00a0The number of CNG stations in India has gone up from 938 in 2014 to 4,900 in 2023.<\/p>\n

Since 2014, India has also increased the length of its gas pipeline network from 14,700 kms to 22,000 kms in 2023.<\/p>\n

Biofuel<\/strong><\/a>:<\/strong> India has launched E20 (20 percent ethanol blended gasoline)<\/strong> which will be rolled out in 15 cities and expanded across the country in the next two years. India\u2019s ethanol blending gasoline has grown from 1.53 percent in 2013-14 to 10.17 percent in 2023.\u00a0<\/strong><\/p>\n

India is also setting up five second generation ethanol plants, which can convert agricultural waste into biofuel.<\/p>\n

Green Hydrogen:<\/strong> The National Green Hydrogen Mission<\/strong><\/a> has been launched to develop the entire green hydrogen ecosystem in the country and accelerate India\u2019s efforts towards 4 MT of annual green hydrogen production<\/strong>.\u00a0India is poised to realise its full potential to create a green hydrogen ecosystem by 2030.<\/p>\n

Electric vehicles:<\/strong>\u00a0India is supporting electric vehicles through a production linked incentive scheme to make advanced chemistry cells of 50 GW hours and has announced viability gap funding and customs duty exemptions for the sector.<\/p>\n","protected":false},"excerpt":{"rendered":"

Source: The post is based on the article\u00a0\u201cRoadmap to energy justice\u201d published in The Indian Express on\u00a02nd May 2023. Syllabus: GS 3 \u2013 Infrastructure \u2013 Energy Relevance: measures taken by India to cater its rising energy demand. News: India\u2019s energy demand is growing. As per the BP energy outlook and IEA estimates, India will account… Continue reading Roadmap to energy justice<\/span><\/a><\/p>\n","protected":false},"author":10320,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1230,9],"tags":[11556,216,10500],"class_list":["post-240656","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-public","tag-crude-oil-pricing","tag-gs-paper-3","tag-indian-express","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/240656","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10320"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=240656"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/240656\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=240656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=240656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=240656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}