Lowering the cost of energy is the key to economic growth: Atomic Energy Commission
Dr Anil Kakodkar, former Chairman of the Atomic Energy Commission, stressed that lower cost of energy is key to growing economy and India should focus on developing technologies disruptive to maintain cost competitiveness and achieve the 2050 decarbonization target, at a conference today.
“The supply of clean energy would increase by 120 to 140 times, and this increase is to come mainly from solar, wind and nuclear energy. The share of electricity would increase mainly for electric mobility. The excess biomass can be converted into hydrogen or as hydrogen substitutes for use Carbon capture and use (CCU) is inevitable for the transition to a low-carbon economy, said Dr Kakodkar, who is also the former chairman of Technology Information , Forecasting & Assessment Council (TIFAC), at the online conference organized as part of the TIFAC Tech Discussion Series.
“We need to learn strategies for rapid deployment of pressurized heavy water reactors that are indigenous, highly competitive and high performance, as well as strategies for deploying light water reactors and cogeneration of hydrogen. and electric mobility, the conversion of surplus agricultural residues, solar, wind and nuclear energy into hydrogen or hydrocarbons, non-fossil heating and refrigeration and the conversion of coal to fluid fuel to minimize the import bill of energy. and improving domestic petrochemical production to meet demand and improve balance of payments and energy security, ”he said.
“The essential technologies to enable the circular economy around hydrocarbons and the management of the life cycle of energy systems include steam electrolysis, thermochemical water separation, solar thermal energy, energy storage technologies , production of hydrocarbon substitutes using hydrogen and biomass and CCU technologies. there is a significant margin for an increase in CCU, a circular economy around the use of carbon / hydrocarbons would only meet the challenge of net zero emissions. .
The series of lectures on the theme “Energy Security and Sustainability in India” was organized by TIFAC, an autonomous organization of the DST, to disseminate scientific and technological knowledge for the benefit of the scientific fraternity and society on the occasion of the celebration of the Azadi Ka Amrit Mahotsav.
Dr Pradeep Srivastava, Executive Director, TIFAC, highlighted the energy challenges and the future roadmap. “The buzzword for the world and the economy today is energy. We know the trends, and there are opportunities and challenges for India. India celebrates Azadi Ka Amrit Mahotsav. We have achieved a lot in the past and we keep in mind the future challenges for India, we need to determine the future directions to be on the right track to achieve our goals. Energy is integral to sustaining our economy, and it must be clean, affordable and sustainable. This conference would help us understand India’s energy roadmap for sustainability and security in the energy sector, ”he said.
(With inputs from GDP)