Innovations that Can Change Energy Scenario in India

Abstract

India is one of the fastest growing economies of the world and its energy requirement is going to increase manifold in the next four decades with the increase in population as well as per capita use of energy. This will require both increase in energy supply and its efficient use to cope up with growing demand of energy. Scientists throughout the world are working in this field to achieve this gigantic task to sustain human development. The present paper tries to describe what is going on in the scientific arena to fulfill this ever increasing human need. It also tries to suggest some innovations that have capability to change the energy scenario in India. What can be the best case scenario in the field of production-mix, innovative use of present sources of energy as well as efficient use of energy with the help of innovations in science and technology? The paper tries to point out that we should come out of scarcity mentality and think of abundance in each and every aspect of human endeavour with human creativity and innovations. With right blend of innovations and applications we can think of abundance in the energy scenario in coming decades.

Keywords: Energy Scenario, Innovations, Generation-mix, Solar energy, wind-energy

JEL Classification: O33