Reliance on Primary Non-Renewable Energy Import: Critical Appraisal of the Governmental Decisions of India

Dr. Bhupal Bhattacharya and Dr. Neha Bobde

Regardless of India's active participation at Paris Agreement, coal and petroleum products certainly remain to be the major source of power to run the nation. To achieve Sustainable Development, the right alternative is to utilize the existing resources thereby promoting efforts that would prove to be in the best interest of the nation. Decreasing the nation's dependence on oil imports would certainly bode well for power safety as well as make the nation’s economy less vulnerable to instability in case of unfortunate advancements in the energy productions and its imports. Though there is hue and cry of every nation to reduce the import dependence on non-renewable energy resources, many steps were also taken but couldn’t be effectively materialized. According to “BP Statistical Review of World Energy”, by 2022 India was expected to reduce its dependence by 10% but due to lack of strong commitments in the form of enacting policies, the import of oil has already increased from 83% to 86% in the financial year 2018 and the import of gas rose from 30 % to 45%. The global warming is unbridled and hence currently India requires a meticulously developed method that is not driven by temporal goals and interim results along with the objectives of progressively shielding the nation from huge import of non-renewable energy resources and its volatility. This research paper shall be developed by reviewing various published literatures and news reports in analyzing the policy decisions of Government of India.

Volume 11 | 11-Special Issue

Pages: 378-387

DOI: 10.5373/JARDCS/V11SP11/20193045