Critical Analysis of the Renewable Energy Policies in India

Authors

  • Sai Siddhant Student, Department of Business Administration, Maharaja Surajmal Institute, Delhi, India
  • Pranav Sehgal Student, Department of Business Administration, Maharaja Surajmal Institute, Delhi, India
  • Aryan Jain Student, Department of Business Administration, Maharaja Surajmal Institute, Delhi, 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 sources

Abstract

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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Published

13-08-2023

Issue

Section

Articles

How to Cite

[1]
S. Siddhant, P. Sehgal, and A. Jain, “Critical Analysis of the Renewable Energy Policies in India”, IJRAMT, vol. 4, no. 8, pp. 25–32, Aug. 2023, Accessed: Jun. 24, 2024. [Online]. Available: https://journals.ijramt.com/index.php/ijramt/article/view/2775