The need for accelerating change towards low-carbon energy systems that enable robust economic development and limit global temperature rise below 2 degree Celsius requires no emphasis. The Government of India has launched one of the world's most ambitious renewable energy programmes, with the goal of achieving 175 GW of renewable capacity by the end of Financial Year (FY) 2021-22. Elsewhere in the economy, GoI Is also increasing ambition on e-mobility, energy efficiency and reducing emissions from industry through measures such as the PAT scheme.
The energy transition entails change of great scale, complexity and uncertainty. It therefore requires buy-in of and contribution from multiple stakeholders from industry, financial institutions, utilities and government. It also calls for establishment of an effective framework of credible long-term objectives – and near-term policies.
The energy transition in India beyond the current short-term objectives still needs to be further analysed and defined. For example, going beyond the medium-term goal of 175 GW of renewable capacity after 2022 would require significant and structural change to infrastructure, policy and regulatory prescriptions in the Indian electricity system, notably for the grid integration of variable renewables. There is an imminent need for a holistic study and analysis relevant to the Indian context, combining a robust, evidence-based research, with a platform for stakeholder participation and contribution.
Relevance of ETC
ETC India will help shape policy action and business strategy for realising low-carbon pathways by having discourse in regard to the feasibility and desirability of this shift. It will emulate the tried and tested model wherein a high-level, diverse group of leaders guide robust scientific research, and then carry the results thereof to policy-makers and corporate strategists.
The objective of ETC is to:
- Build public consciousness about the need and benefits of energy transition
- Create better awareness about the energy transition solutions
- Advocate necessary measures to enable energy transitions
- Support government initiatives
Ambition and role
ETC aims to foster the adoption of low-carbon pathways in India through intense and informed discussions between ETC members in India, key policy makers and others concerned with technology options. ETC in India will be led by The Energy and Resources Institute (TERI) as the secretariat. In its first year of inception, ETC India has focussed on policy, research, and discourse on decarbonising the electricity sector. Whilst this work is still continuing, in its second year, ETC India will also start work on industry transition. This will cover analysis of the 'harder-to-abate' sectors, initially covering iron & steel and cement.