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This paper reviews and assesses India's energy policy in the context of its commitment to achieve the target of net-zero carbon emissions by 2070. It emphasizes the central role of green electrification, particularly through the expansion of solar power capacity. It discusses policies outside the energy sector that need to be part of a strategy of achieving this target, including the use of information technology, infrastructure development, and transportation. Furthermore, it examines possible policy options for accelerating the target date to 2050, especially with the use of carbon capture to manage the transition from the current heavy use of coal. The paper also discusses the possible financial and growth implications of various strategy options, arguing that feasible external financing commitments can allow India to achieve net-zero goals without sacrificing economic growth. [ABSTRACT FROM AUTHOR]

Power generation using wind has been extensively utilised, with substantial capacity add-on worldwide, during recent decades. The wind power energy sector is growing, and has turned into a great source of renewable power production. In the past decades of the 21st century, the capacity of installed wind energy has almost doubled every three years. This review paper presents the crucial facets and advancement strategies that were approved and adopted by the Government of India for intensifying the country's own power safety, by the appropriate use of existing power sources. From India's viewpoint, wind energy is not only utilized for power production but also to provide power in a more economical way. The particulars of India's total energy production, contributions of numerous renewable sources and their demand are also encompassed in this paper. After an exhaustive review of the literature, detailed facts have been identified about the present position of wind energy, with an emphasis on government achievements, targets, initiatives, and various strategic advances in the wind power sector. Wind power potential is discussed, which can assist renewable power companies to select efficient and productive locations. All analyses carried out in this paper will be incredibly valuable to future renewable energy investors and researchers. The current scenario of wind power production in India is also paralleled with that of other globally prominent countries. [ABSTRACT FROM AUTHOR]

Access to inexpensive, safe, consistent, and clean energy is a critical necessity for all to achieve the SDGs. India's renewable energy (RE) currently accounts for more than a third of the 482 GW of installed capacity and more than 40 percent of power production (including large-scale hydropower). Reforms such as the establishment of a single national power grid have improved access to electricity for people, and the ambitious development of renewable energy, which is the world's third-largest energy generator and third-largest electricity user, has helped in achieving these aims. As a result, the expansion of national targets signifies and reflects the country's optimism and goal for the forthcoming generation. Standardization of the guidelines and development of the stable grid and transmission networks will only enable the country to achieve the ambitious target of 500 GW of green and clean energy by 2030. This paper highlights the important development in the power sector regarding the energy security of India. As well as specifically examining the initiative of NSMs for achieving the 2030 targets, the key challenges, and the way forward to increase the cumulative installed capacity, comprehensive studies of various policies and government initiatives are also discussed. Furthermore, the key challenges usually faced by the developers in the industry, along with the steep decline and rise in the tariffs of solar projects and the previous trends in capacity installation, are also pointed out. This research work also highlights the potential key challenges to achieving the targets, and will thus provide a focus for power developers, policy makers, researchers, and industry practitioners and help with their planning. In the current scenario, the supply of food and the clean energy nexus are required to meet the demands of people's livelihoods. [ABSTRACT FROM AUTHOR]

Energy and electricity are critical prerequisites for every nation and critical components of social and economic growth. The monetary policy economist has been debating the issue of relying on core inflation or headline inflation, which includes energy, because the energy price is so volatile that it obscures the trend in inflation and dilutes the objectives of monetary policy. This paper aims at analyzing the impact of the twin deficit on energy inflation within a linear and nonlinear framework in India using time series data covering the period from 1971 to 2021. ARDL and NARDL approaches are employed to investigate the linear/symmetric response of energy inflation due to the twin-deficit in India. Estimates show a negative relationship between the twin-deficit and energy inflation in a symmetric model. The results of the asymmetric model reveal that the response of energy inflation due to expansionary fiscal policy (increment in CFD) and contractionary fiscal policy (decline in CFD) is diverse, in terms of size of the coefficient. Further, estimates of NARDL show the distinct impact of increases and decreases in CAD on energy inflation. The study offers several implications for policymakers and energy economists. [ABSTRACT FROM AUTHOR]

This study evaluated a potential transition of India's power sector to 100% wind and solar energy sources. Applying a macro-energy IDEEA (Indian Zero Carbon Energy Pathways) model to 32 regions and 114 locations of potential installation of wind energy and 60 locations of solar energy, we evaluated a 100% renewable power system in India as a concept. We considered 153 scenarios with varying sets of generating and balancing technologies to evaluate each intermittent energy source separately and their complementarity. Our analysis confirms the potential technical feasibility and long-term reliability of a 100% renewable system for India, even with solar and wind energy only. Such a dual energy source system can potentially deliver fivefold the annual demand of 2019. The robust, reliable supply can be achieved in the long term, as verified by 41 years of weather data. The required expansion of energy storage and the grid will depend on the wind and solar energy structure and the types of generating technologies. Solar energy mostly requires intraday balancing that can be achieved through storage or demand-side flexibility. Wind energy is more seasonal and spatially scattered, and benefits from the long-distance grid expansion for balancing. The complementarity of the two resources on a spatial scale reduces requirements for energy storage. The demand-side flexibility is the key in developing low-cost supply with minimum curtailments. This can be potentially achieved with the proposed two-level electricity market where electricity prices reflect variability of the supply. A modelled experiment with price signals demonstrates how balancing capacity depends on the price levels of guaranteed and flexible types of loads, and therefore, can be defined by the market. [ABSTRACT FROM AUTHOR]