POWER

Covid-19 may provide an opportunity for economic stimulus and recovery efforts to boost clean energy transition in India

Covid-19 has given birth to some solid challenges across the Indian power and transport value chain in the form of liquidity limitations, logistics, supply-demand challenges and shifts in consumer demand and generating preferences. A study by NITI Aayog and Rocky Mountain Institute (RMI) recognised that the pandemic can propel the clean energy transition in India. It provides an opportunity for economic stimulus and recovery efforts that can possibly help in building a clean, strong and cost-effective energy future for India.

With the economic recovery propositions, clean energy and mobility systems are foreseen to strengthen the economy by bolstering manufacturing, enhancing electricity reliability, maintaining a strategic distance from expensive fossil fuel imports and reducing pollution.

Source
power technology
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