How & why to end our dependence on oil?
1 like120 views
The document discusses the urgent need for India to reduce its dependence on oil by promoting clean energy and addressing the financial burden of oil subsidies. It emphasizes the potential of alternative energy sources like solar and nuclear power, the importance of transitioning to electric vehicles, and the necessity of supporting research and development in sustainable energy technologies. Additionally, it addresses the issues of black marketing and calls for privatization to ensure fair access and benefits for the poor.
How & why to end our dependence on oil?
- 1. How & why to end our dependence On oil ? Clean energy & Problem of subsidy Mayank Mehta @Mayank_MNIT mayank.mnitj@gmail.com
- 2. Key Points By the end of 2030 international petroleum prices rise up to $200 per barrel. India have to subsidies petrol by 58% (burden on GDP) 20th August was 2013’s World Overshoot Day. Implies that every unit of energy we have and we will consume this year; we will be stealing from our future generation. Small decrements in petrol subside every year. Government should not remove subsidies from LPG & Kerosene as they are the basic needs of common man. The most common usage of petroleum is for transportation. Alternative in the transport sector – Hybrid Electric Car.
- 3. Challenge To minimize Oil subsidy in a Sustainable manner. To maximize benefit of subsidy to poor people: Abolishment of Black Marketing. Switching to Electric Cars. Promotion of Clean Energy. To provide subsidy in Renewable electricity. Encouragement in R&D sector.
- 4. Problem of Subsidy Removal of subsidy in diesel for railways resulted in burden on poor. Rich people benefited the most from oil subsidy. Net import of oil in India is increasing by every passing year and this is due to increasing demand of oil in India.
- 6. Hybrid Car A two way fuel input type car i.e. Semi-electric car. It meets both the major requirements: Maximum of 50km/hr speed in a city Reduce Green House Gas emissions. Fully electric cars are not good in long runs. OUR TARGET: Middle class. Rich do not care about inflation Poor cannot afford the change. One time high capital cost. Need electricity at cheap rate and available more vividly. Electricity production should be more from sources others than fossil fuels through Solar, Wind, Tidal, Hydrogen and Nuclear Energy.
- 7. Promotion of Clean Energy: Its sources are abundant, clean, efficient and derived from diverse domestic resources. Only 5% of total solar energy is 50 times the energy required for entire civilization. India’s Wind energy potential is 20,000-25000 MW. The tidal energy comprises of 40,000 MW (waves) potential. Ocean Thermal energy have 50,000 MW potential. Solar Water Heaters, Solar cookers, Solar panels in households. Government should subsidies these things and make them in reach of common man. This subsidy will be short term as only the initial CAPITAL COST is high. For fast outcome they should be privatized.
- 8. Nuclear Energy Nuclear energy is clean. Efficient than any other kind of energy. Currently 2.9% of our energy is produced from the Nuclear Power Plants and by 2050 India is having an ambition of producing 25% of its energy by Nuclear Power. Government should subsidies in: 1. Construction Cost 2. Nuclear fuel which is being imported 3. Operating Risks from investors to Tax Payers 4. Case of accidents and Nuclear Waste Management This way India will be become more energy efficient and our economy will sustain.
- 9. Abolishment of Black Marketing: Privatization of PDS System: Unification of small retailers under an independent private firm. Existing Stores (like RELIANCE FRESH) will have a separate counter for BPL people. The existing retailers will be employed in these firms. The Top Class management will ensure a huge reduction in Black marketing. The real benefit which a poor can get will be achieved. It will be politically beneficial in terms of vote bank.
- 10. Encouragement in R&D sector: An annual separate budget for R&D. Government should provide subsidy on: 1. Oil and Gas exploration and development expensing. 2. Credit for production of Non-Conventional fuels. 3. Developing New Techniques in Wind & Solar power generation Privatization of R&D. Import of Technology. Run Six Sigma Project in already existing research institutes. International Conferences and summits.
- 11. References Oil Ministry of India. US Energy Information administration Business Line: The Hindu Economic Times www.iisd.org Department of Energy and Climate Change, Government of UK http://www.countercurrents.org/vombatkere230113.htm