Thursday, May 3, 2012

Integral to energy security matrix

 With climate change emerging as a critical factor in contemporary policy making, priorities in energy security infrastructure planning and development have also changed accordingly. Despite being a relatively new area, renewable energy is becoming increasingly important in India’s energy security matrix. Luckily for the country, it is rich in renewable energy resources and the government has unveiled right policies to tap the potential. Now it is high time the transmission and distribution network was also strengthened to remove bottlenecks in supply of renewable energy, which is infirm in nature. Besides, the government should also encourage development of innovative business models in this segment.
India is the fourth largest country in installed power generation capacity in renewable energy. This means that the country has tremendous potential and it needs to harness energy from such sources. The chief sources of renewable energy in India are wind, solar, hydro, biomass and bio-fuel. But there is huge potential in ocean and tidal energy, too.

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