Energy Transformation for Green Growth Pathways

Transcript:Energy Transformation for Green Growth Pathways:
Energy Transformation for Green Growth Pathways for Sustainable Energy Security to Power India’s Economic Growth 29 August 2015, Kolkata Growth & Environment India’s rapid economic growth A range of developmental outcomes Cost to the environment (resource scarcity & pollution) 155/178 on overall environmental quality (EPI 2014) 13 out of 20 most polluted cities in the world (WHO) Environmental degradation costs India US$80bn/year (World Bank) Does economic growth has to come at the cost of environmental degradation? Growth & Environment Business as usual scenario the challenge of environmental sustainability Need to value natural resources Emergent crisis is an opportunity Low-polluting & resource-efficient growth trajectory is desired and achievable ‘Green Growth’ strategies to address environmental degradation & natural resource depletion, while meeting the developmental needs & escalating growth A trajectory of economic development that fully internalises environmental costs, and is based on sustainable use of non-renewable resources. Energy, Growth & Environment Energy as a driver of growth Reliable energy access remains a growth barrier in India A quarter of population lack access to electricity India ranks 137 in getting electricity (Doing Business) Energy consumption accounts for 57.8% of GHG emission in India Unique Challenge Bridge the demand-supply gap Revolutionise power generation A new deal to balance developmental & sustainability priorities Energy, Growth & Environment India is the third largest electricity market Projected to grow fastest in coming decade Of the 10 largest electricity systems, Indian market grew fastest with a growth of 9.6% between 2013 & 2014 With 74% of electricity from coal-fired power plants in 1014-15, India is the most coal dependent nation Projected to consume 20% of all internationally traded coal Import dependency to fuel power plants Over past 5 years, coal import has tripled to supply 22% of total consumption in 2014 In 2014, Indian electricity was second most carbon intensive among top 20 nations Need for an Energy Transformation Need for a transformation in the way energy produced, distributed and consumed GoI recognises the need To deliver, in sustainable way, a significantly bigger electricity supply To improve grid efficiency & encourage infrastructure investment To support a rapid diversification away from coal-fired power Need for an Energy Transformation We have planned a 5x growth in renewable energy in the next five years. It is an article of faith for Prime Minister Narendra Modi. India is much more conscious today and all of us recognise that we have to leave