A study of Renewable Energy Policies and Regulatory Framework on Environment Protection

Promoting Renewable Energy for Sustainable Development in India

Abstract

India is a nation currently the country is undergoing significant economic progress while thechanging economy is thrusting on surplus electrical power. Every year, the grid could further slowdownpopulation growth, economic growth and the demand for electricity. Consequently, it is vital to intensifythe installed power. India currently faces enormous challenges to meet its energy requirements, andcurrent energy arrangements are inherently unsustainable. India has to sustain its economicdevelopment rate of 8,2 percent and satisfy its citizens' basic energy needs to expand energy suppliesby three to four times and increase its capacity to generate power by between five and six timescompared to 2003-04 levels, in order to eliminate poverty. Furthermore, the current capacity of aroundone lake and fifty thousand MW in India must reach almost Euit Lakhs MW by 2031. Meeting the energysector challenges is essential for the financial development of India and ensuring the country's energysecurity. Conventional energy sources are limited and insufficient to meet current energy requirementsit is therefore cautious to develop all alternatives available. While significant growth in the deployment ofrenewable energy has been apparent in the past decade and renewable power generation has beenrapidly increasing, current figures are not sufficient to address energy security problems, energyreliance on fossil fuels, environmental protection issues and social equity. Even after the huge potentialis realized, India has been given an abundance of renewable resources, while renewables still accountfor only 17 per cent of the country's total installed capacity. At the same time, sufficient importance mustbe attached to energy efficiency and conservation. In particular, measures shall be taken to enhanceefficiency, transmission and distribution of electricity. A supportive policy and regulatory environment isnecessary in order to encourage green growth, because a competent legislative framework has alwaysbeen the main promoter of technological change in a country.