Must steadiness power safety, power fairness & environmental sustainability: Saraswat

New Delhi: India has to steadiness between power safety, power fairness and environmental sustainability mentioned VK Saraswat, member, Niti Aayog.

Delivering the keynote handle on the eleventh Subir Raha Memorial Lecture, Saraswat confused on the necessity to undertake newer applied sciences like carbon seize utilization & storage (CCUS).

“We’ve to steadiness the power trilemma of power safety, power fairness & environmental sustainability,” he mentioned.

 “For an accelerated path to Internet Zero, India must undertake new insurance policies like carbon pricing, expertise breakthroughs like Carbon Seize Utilisation & Storage (CCUS) and accelerated shift to electrical mobility.”

The Subir Raha Memorial Lecture was organized by United Nations International Compact Community India (UN GCNI), Indian Oil Company Restricted (IOCL), and Oil and Pure Gasoline Company (ONGC).

He talked about that India’s contribution has been lower than 4% in the course of the interval of 1850-2021.

“Whereas renewables will contribute to 25 % of carbon emissions abatement, the essential position of Carbon Seize and Storage (CCS) and Carbon Seize and Utilization (CCU) industries can’t be understated, accounting for six %,” he added.

He was of the view that the dimensions of this endeavor necessitates important investments exceeding $100 trillion. 

He talked about that “ONGC is deeply dedicated to India’s journey in the direction of web zero, and is totally engaged in CCUS efforts, aiming to make a considerable influence in India’s path to a sustainable future”.

Catch all of the Trade Information, Banking Information and Updates on Dwell Mint. Obtain The Mint Information App to get Day by day Market Updates.
Extra Much less

Up to date: 05 Jul 2023, 01:27 AM IST