Power News We love to talk!

OCT 26 2017

Encourage members to increase renewables in energy mix: R K Singh to IEA

  • Economic Times, ET Bureau / Hyderabad
  • Created: Thu 26th OCT 2017

 

The International Energy Agency (IEA) should encourage its member countries to increase share of renewables in their energy baskets, Power Minister R K Singh said today.

"IEA should encourage all its member countries to increase the share of RE (renewable energy) in their respective energy baskets," Singh told Fatih Birol, Executive Director, IEA in a meeting today.

According to a statement, Birol called on Singh and both of them discussed the role of India on the emerging global energy stage, the steps that the country is taking to boost clean energy dependence of its economy. They also discussed the role that India can play in reducing global carbon footprint by using the IEA platform.

The four main areas of focus of IEA are energy security, economic development, environmental awareness and engagement worldwide. During the interaction, Singh noted that energy is the basic need for any economy for bringing its citizens out of poverty, generate livelihood and improve the general standards of living.

India, with one-sixth of the world s population, still has very low per energy consumption and emissions intensity, when compared to the global average. The scope of India s energy sector expansion is huge, Singh added.

Singh said that the cost of energy generated through clean energy sources such as solar and wind have drastically come down in the last three years and "renewable energy (RE) is the energy of the future".

Tags

Renewable Energy Wind Energy Security Clean Energy International Energy Agency Energy Power India Solar

Related News

  • Surana Solar bags Rs 15 crore order to provide solar modules for Aryavaan Renewable  Read more
  • Biometric, solar ATM being developed for rural India: Harsh Vardhan  Read more
  • Challenges and solutions to developing India's Electric Vehicle charging infrastructure  Read more
  • PowerGrid seeks shareholder nod to alter articles  Read more
  • Power shortage cripples south India's industrial belts  Read more
  • Capital goods' companies eye over Rs 24,000 crore orders from UMPPs  Read more
  • Steel, cement companies to pay for captive coal blocks  Read more
  • Money starts flowing in for UP power board revamp  Read more
  • Entire North-East will benefit from OTPC power project  Read more
  • Indian power sector gaining ground in South Africa  Read more