Sustainable growth is only possible with sustainable energy sources, says PM Modi
Prime Minister Narendra Modi said on Friday that India could be a global hub for green hydrogen because ample availability of renewable energy gives the country an inherent advantage.
He also said India’s clear vision is that sustainable growth is only possible with sustainable energy sources.
Addressing a post-budget webinar, Prime Minister Modi said, “The wide availability of renewable energy gives India an inherent advantage, it can be a global green hydrogen hub.”
Prime Minister Modi has said India can become a global hub for green hydrogen because ample availability of renewable energy gives the country an inherent advantage.
Noting that the hydrogen ecosystem is interconnected with fertilizers, refineries and the transport sector, he called for innovation by the private sector in the field.
“The hydrogen ecosystem is interconnected with fertilizers, refineries and the transport sector. This is an area where the private sector must innovate to fully utilize India’s potential. I promise the private sector that the government is with you in your efforts,” he said. .
Arguing that sustainable growth is only possible with sustainable energy, he said energy and sustainable growth are inspired by the country’s traditional practices and provide a pathway for our future needs and aspirations.
Prime Minister Modi said he pushed for sustainable living at the COP 26 summit in Glasgow last year, along with a pledge to become a net zero country by 2070.
“In Glasgow we promised to become a net zero country by 2070. I also promoted sustainable living – the LIFE – Lifestyle for Environment mission,” he said.
“By 2030, India has set a target to extract 50% of its energy from non-fossil fuels. This is our opportunity to shift to more sustainable practices. We must focus on building of a hydrogen ecosystem in which the private sector can play a central role,” Prime Minister Modi said.
The prime minister said there was still a lot to be done to make more energy-efficient products, including household appliances.
“Energy saving and production are equally important for sustainability. We need to do much more to build more energy efficient air conditioners, heaters, geysers and similar devices here in India.
“LED bulbs used to cost Rs 300-Rs 400. Our government has increased its production which has reduced the cost. We have distributed nearly 37 crore of LED bulbs under UJALA, saving a lot of electricity, money for the poor and carbon emissions,” Modi said. .
Prime Minister Modi has urged households to install solar trees to meet India’s growing energy demand and help save up to 15% electricity for each home.
Speaking at a post-budget webinar on “Energy for Sustainable Growth”, he also said that four pilot projects to gasify coal and convert coal into chemicals needed by industry will be put in place to to evolve the technical and financial viability of the transition to renewable energies. Prime Minister Modi said, “With the coming years, India’s energy demand will increase, therefore, we must switch to renewable energy.”
“Each household should develop their own solar tree which can help save up to 15% of electricity for that house. It will not only be unique, but it will be environmentally friendly,” he added.
Furthermore, he said that the seminar intends to focus on the implementation of the new budget schemes and chart the paths by which effective and concrete execution can begin.
“We need to focus on transparent implementation of the budget for the benefit of the masses. These seminars are designed for industries to come up with innovative solutions that can deliver optimal results for this year’s budget,” Prime Minister Modi said. .
(With PTI entries)
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Posted: Friday, March 4, 2022, 12:20 p.m. IST