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NITI Aayog has been asked to work on a new energy policy: Arvind Panagariya

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By NewsGram Staff-Writer

NITI-AayogNew Delhi: In continuance with the erstwhile Planning Commissions’ efforts to decontrol energy prices, NITI Aayog to work on a new integrated energy policy that intends to provide energy security, right pricing mechanism, maintain quality standards, and promote competition.

While speaking at the launch of “India Energy Security Scenarios (IESS) 2047 Version 2.0”, Arvind Panagariya , the Vice-Chairman of NITI Aayog said: “Energy is an important ingredient in any country’s growth recipe. NITI Aayog has been asked to work on a new energy policy,” according to a report in Economic Times.

With an intention to assess India’s energy needs, domestic energy production and energy import requirements, the Planning Commission had prepared “India Energy Security Scenarios (IESS) 2047” in 2013-14.

Now, the NITI Aayog has brought in IESS 2047 Version 2.0 that has refined and made improvements to the original version. The IESS 2.0 gives three different scenarios for the GDP growth in the coming decades. The scenarios include GDP growth at 7.4 per cent, 6.7 per cent, and 5.8 per cent between 2012 and 2047.

According to ET report, India’s energy imports are likely to become double by 2030.

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NITI Aayog And CII Come Together To Contribute Towards SDG’s

NITI Aayog CEO Amitabh Kant said that given India's population, the only way to grow and develop sustainably was to use technology to leapfrog.

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NITI Aayog, CII to partner on sustainable development goals. Flickr

The NITI Aayog on Wednesday entered into a three-year partnership with the Confederation of Indian Industry (CII) to develop vision and action agenda for the industry to contribute towards sustainable development goals (SDGs).

Minister of State for Power and New & Renewable Energy Raj Kumar Singh said that business and government must partner for sustainable development of India.

He said that energy, water and a green industry mattered the most to achieve SDGs and expressed confidence that India will achieve its clean energy goals even earlier than 2022.

During the event, CII launched a report "Indian Solutions for the World to Achieve SDGs"
During the event, CII launched a report “Indian Solutions for the World to Achieve SDGs”.

NITI Aayog CEO Amitabh Kant said that given India’s population, the only way to grow and develop sustainably was to use technology to leapfrog.

He said it was crucial to use renewable energy, push for innovation and research and development to find local solutions for seven million-strong population around the world.

Also Read: NITI Aayog to Partner with Leading Technology Company

During the event, CII launched a report “Indian Solutions for the World to Achieve SDGs”, which deep-dives into each of the sustainable development goals, targets and business implications, a statement said. (IANS)

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