Critical Analysis of the Renewable Energy Policies in India
Keywords:
Consumer demand, Effective policies, Energy policies, Green power initiatives, Indian Renewable Energy Development Agency (IREDA), Indian states, Market growth, Policy support, Renewable electricity generation, Renewable energy, Sustainable energy sourcesAbstract
This research thoroughly investigates the progress of energy adoption in various states of India from 2010 to 2020. It examines how energy policies and initiatives promoting power have influenced the development of renewable energy in India. Over the past decade consistent policy support from the Indian Renewable Energy Development Agency (IREDA) and subsequent frameworks have played a role in driving the growth of renewable electricity generation. As a result, India has positioned itself favourably compared to countries when it comes to achieving international targets for renewable energy. Despite the increasing popularity of power initiatives driven by consumer demand their tangible impact remains relatively modest up until now. This study explores the benefits that such initiatives may bring and considers potential future paths for this emerging sector’s evolution. In conclusion it offers insights gained from India’s journey towards renewable energy. These findings can serve as lessons for policymakers and stakeholders in fostering effective strategies and fostering market growth across different states ultimately enabling a more widespread shift towards sustainable and renewable energy sources. The study also provides a comparison of progress among various Indian states offering a nuanced perspective, on India’s overall renewable energy landscape.
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Copyright (c) 2023 Sai Siddhant, Pranav Sehgal, Aryan Jain
This work is licensed under a Creative Commons Attribution 4.0 International License.