India Energy Security Scenarios 2047 V3.0 | 25 Jul 2023

Source: PIB

Why in News?

NITI Aayog unveiled the latest version of the India Energy Security Scenarios (IESS) 2047 V3.0, an open-source tool designed to evaluate the integrated impact of various green energy policies of the Government of India.

  • The baseline for the tool has been set at 2020 and is continually calibrated up to 2022, ensuring the accuracy of its predictions.
  • NITI Aayog also released the India Climate Energy Dashboard (ICED) 3.0.

Note:

  • ICED is the country's one-stop platform for near real-time data on the energy sector, climate, and related economic datasets based on government published sources.

What are the Key Features and Functionality of IESS 2047 V3.0?

  • Comprehensive Scope: This tool assesses the demand and supply of energy in the country, considering policies related to alternative energy resources like Green Hydrogen Mission, Renewable Purchase Obligations, PM-KUSUM, Offshore wind strategy, among others.
  • Environmental Impact Analysis: By analyzing emissions, cost, land, and water requirements up to 2047, IESS 2047 aims to steer India towards a sustainable and net-zero energy future.
  • Open-Source and User-Friendly: The tool is open-source, easily downloadable, and user-friendly, encouraging accessibility and engagement from researchers, think tanks, and the public.
    • IESS 2047 allows users to generate personalized pathways, tailored to specific factors like industry, services, agriculture, population, urbanization, and end-use energy demand.
  • Reducing External Dependency: By providing reliable estimates of the country's energy needs, IESS 2047 helps reduce India's reliance on external agencies.

India’s Panchamrit Goal:

  • Reach 500 gigawatts (GW) of non-fossil energy capacity by 2030.
  • Meet 50% of India’s energy requirement from renewable energy (RE) sources by 2030.
  • Reduce the carbon intensity of the economy by 45% below 2005 levels by 2030.
  • Reduce total projected carbon emissions by 1 billion tonnes by 2030.
  • Achieve the target of net-zero emissions by 2070.

What are the Initiatives Shaping India’s Energy Transition?

UPSC Civil Services Examination, Previous Year Question (PYQ)

Q. With reference to the Indian Renewable Energy Development Agency Limited (IREDA), which of the following statements is/are correct? (2015)

  1. It is a Public Limited Government Company.
  2. It is a Non-Banking Financial Company.

Select the correct answer using the code given below:

(a) 1 only 
(b) 2 only 
(c) Both 1 and 2
(d) Neither 1 nor 2

Ans: (c)