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- IIM-A Study Advocates Nuclear Energy for India's Net Zero Goal
IIM-A Study Advocates Nuclear Energy for India's Net Zero Goal
- 04 Apr 2024
An IIM Ahmedabad study proposed prioritizing nuclear energy investments to achieve India's net zero emissions target by 2070.
Key Points
- Significance of Nuclear Energy: The study highlights the need to increase nuclear energy's share in India's energy mix to attain net zero emissions by 2070, emphasizing its role in sustainable development.
- Scenarios and Projections: Various scenarios, including high, medium, and low economic growth, are explored, with a focus on nuclear energy, renewable energy, and fossil fuel use coupled with carbon capture and storage.
- Nuclear Energy Expansion: The study projects a five-fold increase in nuclear power capacity by 2030 and a sharp rise to 30% of India's total energy mix by 2050, requiring substantial investments and uranium availability.
- Role of Coal and Renewable Energy: While coal remains crucial, the study underscores the need for infrastructure development for alternative sources like nuclear power and flexible grid infrastructure to support renewable energy integration.
- Financial Implications: To facilitate these transitions, India would require significant financial investments totalling Rs 150-200 lakh crore between 2020-2070, highlighting the scale of the challenge and the importance of strategic planning.
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