Union Minister Bhagwanth Khuba on Tuesday stressed the need for the energy transition due to rising demand, which could ultimately help create 3.2 million jobs by 2050.
The Prime Minister for New and Renewable Energy spoke at a curtain-raising event for the third edition of the Hybrid Conference & Digital Exhibition on ‘Aatmanirbhar Bharat – India a Global Manufacturing Hub for Renewable Energy’ organized by Industry Agency CII.
“The energy transition is an important step in addressing the increase in demand and can help the economy by creating jobs that are estimated to employ 3.2 million people by 2050,” Khuba said.
The transition will help reduce dependence on imported fuel, which will improve trade balance and reduce greenhouse gas (GHG) emissions, he noted.
According to the Minister, economic growth, prosperity growth, a growing rate of urbanization, and the increase in energy consumption per capita are the key factors in increasing the demand for energy in the country.
” With the global economy recovering in the post-pandemic period, I urge you to take all this opportunity to redefine the global supply chain and work to make India a net energy exporter, ” Khuba notes.
Participating in the event, Ambassador of Brazil to India Andre Aranha Correa do Lago said that Brazil is looking at India as a potential manufacturing export partner for the solar panel as it aims to install 52 GW of solar.
He suggested that India could reap the benefits of the Brazilian experience with ethanol fuel to build and strengthen its industry.
The country records the largest share of ethanol consumption in its transport matrix. And about 85 percent of the Brazilian fleet is on Flex-Fuel.
Minister Beroder, Embassy of the Kingdom of Denmark, said that green hydrogen is one of the most promising proposals worldwide to move towards green fuels.
India and Denmark are agreed partners for development programs for green hydrogen and can together decarbonize the economy, he noted.
Madhya Pradesh and Tamil Nadu are partner countries for the conference and exhibition, while Denmark, France, Germany, the United Kingdom, Brazil and Japan are partner countries.
During the conference, a knowledge paper on manufacturing for the global market will be launched. It will focus on wind, solar biomass, hydrogen, storage and distributed renewable energy systems.
(With input from PTI)
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Published on: Tuesday, 22 March 2022, 20:08 IST
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