BP Bhandary, The Hindu Business Line
Summary
Fuelled by gas, it can meet electricity, heating and cooling needs. Besides, gas is more affordable and longer lasting
Any conversation on successful energy efficiency deployment is incomplete without speaking about two of its most important drivers: beneficial use cases, matched by a successful business model. In its bid to meet the Paris Agreement’s Nationally Determined Contributions, energy efficiency is, as defined by the NITI Aayog, our ‘low-hanging fruit’ .
A Planning Commission scenarios-based analysis — ‘India Energy Security Scenarios 2047’ (IESS 2047) — estimates that India can bring down its energy demand by 25-40 per cent over the next three decades through economy-wide energy efficiency measures. Corresponding to this are reductions in emissions.
The catalyst to make this happen — first and foremost — is a win-win for consumers and business to switch to greener options. This has been seen with India’s uptake of sustainable technologies like LED bulbs, where business models have made it possible to reduce both prices and emissions. We must, however, keep in mind that efficient appliances are just one piece in the energy efficiency landscape.
Considering that India will need to build 700-900 million square metres of commercial and residential space until 2030 , and that energy demand is expected to increase at least fourfold by 2032, it is time to identify large-scale energy solutions.
Full Article
Continue Reading
#News#India#AsiaPacific#CHP#DistrictCooling#DistrictHeating#Sustainability#EnergyEfficiency#InternationalPerspectives