Energy Transition Advisory Committee established
Highlights:
- The Ministry of Petroleum and Natural Gas established the Energy Transition Advisory Committee.
- Tarun Kapoor, the former Secretary of the Petroleum Ministry, is in charge.
- It will concentrate on increasing the proportion of clean energy sources in the country's energy mix, such as hydrogen, biofuel, nuclear, geothermal, and tidal.
- To assist India in meeting its 2070 net-zero emissions goal. Creating a road map for the energy transition (within 6 months).
- To develop a step-by-step plan for transitioning from fossil fuels to renewable energy.
- India announced its goal of achieving net-zero emissions by 2070 during the Leaders Summit on Climate Change.
- To accomplish this, oil companies were told to develop plans aimed at increasing their clean energy portfolio.
- These plans will be reviewed by the committee.
- It will also make recommendations. In addition, the committee will make recommendations for the plans' development.
- The committee will provide guidance to the oil companies as they begin to implement their transition plans.
- Hindustan Petroleum, Indian Oil, and Bharat Petroleum, for example, recently announced a joint venture to build 22,000 charging stations.
- Of all the clean energies, the committee will concentrate on biofuel and green hydrogen.
- It will devise strategies for enhancing its supply chains.
- The biofuel plans will concentrate on establishing a long-term biomass supply chain.
- It will also concentrate on improving the country's biofuel infrastructure.
- India intends to build 5,000 biogas plants in the near future.
- These initiatives are being implemented because India is looking for ways to increase domestic fuel production. And the only way to do so is to increase biofuel production.
- The committee will concentrate on increasing the country's green hydrogen production.
- This has been given precedence over all other committee functions.
- The committee will also focus on developing a strong green hydrogen value chain.
- The committee's Green Hydrogen plan will greatly aid India's National Hydrogen Mission (NHM).
- The mission was announced in the budget for 2021-22.
- The National Hydrogen Mission (NHM) aims to produce hydrogen from renewable sources. Green hydrogen had been prioritized in India's climate change and energy security plans.
- Oil companies will be given transition plans by the committee.
- It will assist the transportation sector in making the transition to clean energy.
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