The government’s thinktank NITI Aayog in its latest strategy document “Strategy for New India @ 75” has recommended a slew of measures to reform the country’s energy sector. The first of which is the recommendation for renewable purchase obligations (RPOs) to be more strictly enforced, while facilitating the sale of renewable energy between states.
The new document which was launched yesterday by finance minister Arun Jaitley defines clear objectives for 2022-23. It is a detailed exposition across forty-one crucial areas, that recognizes the progress already made, identifies binding constraints, and suggests the way forward for achieving the clearly stated objectives. The forty-one chapters in the document have been disaggregated under four sections: drivers, infrastructure, inclusion, and governance, of which energy is covered under infrastructure.
The document further highlighted the three main constraints presently, which the agency considers as hindrances on the path to achieve the renewable energy targets for 2022-23,
The paper further proposed that to level the playing field, all forms of energy should have the same GST rate and that all form of subsidies should be provided as functional subsidies to end-consumers to empower them to choose the energy form most suitable and economical to them.
Besides pointing out the issues that the renewable sector is currently facing, the paper also presented several steps to tackle the issues,
India is the world’s third largest energy consumer. In the power sector, the all-India installed power capacity is about 334 gigawatt (GW), including 62 GW of renewable energy.
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