We are energy secure when all the citizen gets sufficient energy to fulfill their needs at an effective price with prescribed confidence level considering shocks and disruption which can be reasonably expected. Excess to cheap energy to every citizen has become essential to modern economy.
For four decades, energy security is a global issue. According to international energy agency, world energy outlook, india takes over china as largest source of consumption growth and is the leading demand center for every major element of every major element of the world energy mix. There will be 60 % increase in energy consumption of countries like India. China and Middle-East.
Energy security becomes a pertinent issue for country like India, China and Middle East.
Energy security is defined by encompassing three critical dimensions-
Energy security entails a complex set of coordinated initiative. It need energy strategies and policies to align in making specific choices for country in charting low carbon and energy secure growth.For four decades, energy security is a global issue. According to international energy agency, world energy outlook, india takes over china as largest source of consumption growth and is the leading demand center for every major element of every major element of the world energy mix. There will be 60 % increase in energy consumption of countries like India. China and Middle-East.
Energy security becomes a pertinent issue for country like India, China and Middle East.
Energy security is defined by encompassing three critical dimensions-
- Meeting India energy need to sustain annual economic growth of 8 to 9 % through 2035
- Meeting life long energy needs of all citizen to meet their social needs.
- To ensure sustainable development of energy and use.
Energy security remains an interplay between demand and supply scenarios. Most of the countries of the world will face huge crisis for their energy needs.
Demand and consumption in India
India is the fourth largest consumer in India after China, Russia and USA.It accounts for more than 4.6 % of total energy consumption.Coal is the mainstay for Indian energy needs. After that next big share is taken by hydrocarbons. India energy needs will increase in future depend upon how much energy needs will escalate.
India energy conservation capacity is a total of 25 %. Several energy initiative are taken by Government of India-
- Super Energy efficient program
- Smart Grid Initiative
- National Mission for enhanced energy efficiency
- To enhance cost effectiveness of improvement in energy efficiency in energy intensive industries and facilities through certification of energy savings
- To accelerate the shift to energy efficient appliances in sectors through measures to make product more affordable.
- To make programs to carter the financial needs of the sectors.
- Increased dependence on import of oil and gas resources.
- Limted coal reserves
- Nuclear Energy in Fukushima Scenarios