Introduction
Fossil fuels play a very important role in administering the economy efficiently and enforcing newer developments effectively. Oil & gas, Coal and other mineral resources supports us with most of our energy mix and touch our lives in multiple dimensions. They cater to everything - from domestic uses to manufacturing industries, and from transportation fuel to synthesis of organic and chemical products.
India is a country with more than 1.2 billion people accounting for more than 17.5% of world’s population. In past ten years, it has seen an amplified growth of energy demand with confronting scarcity of energy resources. India’s economic growth has increased by 8-9% every year and is speculated to grow with the same momentum in …show more content…
There is a mandate under the Companies Act, 2013 wherein 2% CSR or Corporate Social Responsibility has to be contributed by firms with profit or turnover over a certain amount. This is to ascertain that Indian businesses take on the crucial responsibility of leading the backward society of India from the front and support government funds for the nourishment of the people.
However we propose of Energy Social Responsibility to develop the trajectory of renewable sources of energy in India. Energy is vital for growth but the current energy state is not adequate for development we aim for. India is the third largest importer of energy resources and this itself emphasizes the need to develop internal sources of energy that will go for the long run. There is a great disproportion in the energy use amongst different regions of the world and even for countries like India where the rural areas are grieving of the assistances of energy and where procuring food and shelter is an everyday test. India needs to channel this gap at the earliest and this is of chief importance for any development which should embrace all the sections of …show more content…
This would stimulate electricity in the rural areas or fuel industries with triggering the wave of green energy. A partial amount can also be routed towards developing R&D facilities within academia and other institutions to develop innovative and better integrated solutions with respect to green energy. The idea aims to transform India into a global solar manufacturing hub and accelerate use of solar energy country wide.
Emphasis on Solar in Phase I
India’s majority part is blessed with sunshine for more than 10 hours a day for average 300 days and this implies that amongst several renewable sources, solar energy potential is India’s key strength. India can build up on the same specifically in its remote and rural areas where there is no or limited availability of electricity. Even if country’s barren lands and deserts can be transformed to generate power from solar energy, it could mark the beginning of the end of India’s problem where around 300 million of its people have no reliable access to electricity.
Developing solar manufacturing shall also enhance job opportunities in India. On the application side, commercializing solar will not only reduce India’s dependency on fuel imports but make industries self reliable to develop with a higher growth with no limitation to use of energy which
Fossil fuels play a very important role in administering the economy efficiently and enforcing newer developments effectively. Oil & gas, Coal and other mineral resources supports us with most of our energy mix and touch our lives in multiple dimensions. They cater to everything - from domestic uses to manufacturing industries, and from transportation fuel to synthesis of organic and chemical products.
India is a country with more than 1.2 billion people accounting for more than 17.5% of world’s population. In past ten years, it has seen an amplified growth of energy demand with confronting scarcity of energy resources. India’s economic growth has increased by 8-9% every year and is speculated to grow with the same momentum in …show more content…
There is a mandate under the Companies Act, 2013 wherein 2% CSR or Corporate Social Responsibility has to be contributed by firms with profit or turnover over a certain amount. This is to ascertain that Indian businesses take on the crucial responsibility of leading the backward society of India from the front and support government funds for the nourishment of the people.
However we propose of Energy Social Responsibility to develop the trajectory of renewable sources of energy in India. Energy is vital for growth but the current energy state is not adequate for development we aim for. India is the third largest importer of energy resources and this itself emphasizes the need to develop internal sources of energy that will go for the long run. There is a great disproportion in the energy use amongst different regions of the world and even for countries like India where the rural areas are grieving of the assistances of energy and where procuring food and shelter is an everyday test. India needs to channel this gap at the earliest and this is of chief importance for any development which should embrace all the sections of …show more content…
This would stimulate electricity in the rural areas or fuel industries with triggering the wave of green energy. A partial amount can also be routed towards developing R&D facilities within academia and other institutions to develop innovative and better integrated solutions with respect to green energy. The idea aims to transform India into a global solar manufacturing hub and accelerate use of solar energy country wide.
Emphasis on Solar in Phase I
India’s majority part is blessed with sunshine for more than 10 hours a day for average 300 days and this implies that amongst several renewable sources, solar energy potential is India’s key strength. India can build up on the same specifically in its remote and rural areas where there is no or limited availability of electricity. Even if country’s barren lands and deserts can be transformed to generate power from solar energy, it could mark the beginning of the end of India’s problem where around 300 million of its people have no reliable access to electricity.
Developing solar manufacturing shall also enhance job opportunities in India. On the application side, commercializing solar will not only reduce India’s dependency on fuel imports but make industries self reliable to develop with a higher growth with no limitation to use of energy which