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Analysis Study Research Paper | Renewable and Sustainable Energy | India | Volume 13 Issue 10, October 2024 | Popularity: 5.3 / 10
India's Net Zero Journey: A Decade of Sustainable Progress - 2013 to 2023
Ashok Matcha, Abhilasha T R
Abstract: The paper offers a thorough analysis of India's shift towards renewable energy sources, including the effects on carbon emissions and energy security. The research utilizes a comprehensive data collection approach, gathering data from many sources such as the Ministry of New and Renewable Energy (MNRE), Ministry of Power in India, International Renewable Energy Agency (IRENA), and the International Energy Agency (IEA), both at the national and international level. The analysis includes the use of quantitative and statistical approaches, evaluating energy security, conducting correlation analysis, forecasting time series, and performing comparison and variance analysis. Power BI is utilized for data manipulation and statistical modelling. The results demonstrate a steady rise in both the use and provision of electricity in India from 2014 to 2023, with a decreasing disparity between the amount needed and the amount available, projecting an excess by 2025. The expansion of renewable energy, including solar and wind power, has been strong and has made a considerable contribution to this change. The study's analysis of the energy mix from 2013 to 2022 shows that the portfolio of energy sources has remained constant but is steadily becoming more diverse, with renewable sources increasing their contribution. The research validates that the expansion of solar and wind energy capacity is linked to an increased proportion of renewable energy sources in India's energy composition, hence strengthening energy security. The budget analysis for the electricity industry and MNRE demonstrates a strong dedication to renewable energy, as evidenced by the progressively higher appropriations made over the years.
Keywords: Renewable Energy Transition, Carbon Emissions Impact, Energy Security, Statistical Analysis, Net, Zero
Edition: Volume 13 Issue 10, October 2024
Pages: 284 - 294
DOI: https://www.doi.org/10.21275/SR24924111201
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