Policies to reduce India's crude oil import dependence amidst clean energy transition

Mishra, Brajesh; Ghosh, Sajal; Kanjilal, Kakali

doi:10.1016/j.enpol.2023.113804

Cited by 3 publications

(1 citation statement)

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“…However, conventional energy sources are limited in nature and some of them are a major threat to the environment. crude oil, the electricity price reduction decreases the amount of import of crude oil [9]. So, it is a good idea to reduce our electricity price by using other non-conventional energy resources.…”

Section: Resultsmentioning

confidence: 99%

A Study on Energy Import Dependency in India

Singh,

Jana

2024

IJIREM

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In today's globalized world, the interconnection between the economy and the environment is evident. A nation's prosperity and self-reliance hinge on adopting sustainable methods of energy production. Lack of energy security and self-sufficiency compels a country to import necessary energy resources, significantly impacting both sustainability and the foreign reserves. This paper addresses India's suboptimal utilization of energy resources, focusing on the import dependency in the energy sector due to the prevalent use of fossil fuel-based energy (conventional energy) from 2006 to 2020. Data analysis, incorporating graphical representations of conventional energy import and consumption, highlights the status, growth, and import dependency trends. The findings reveal that India heavily relies on imports for conventional energy resources, particularly crude oil. The paper concludes that the key solution for improving economic and environmental conditions lies in transitioning towards renewable energy resources.

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Section: Resultsmentioning

confidence: 99%