M Venkaiah.
2017 International Journal of Advanced Research  
India faces formidable challenges in meeting its energy needs and providing economical and adequate energy in environment friendly forms to end users in a sustainable manner. Therefore it needs to sustain 8% to 10% economic growths to supply energy for economically deprive people to meet their goals of higher education and environment friendly life style. India would at least, need to grow its primary energy supply by 3 to 4 times of present consumption in order to deliver a sustained growth of
more » ... sustained growth of 8% through 2031. Energy challenge is of primary concern to national economic growth as it needs improvised qualitative and quantitative energy supply. In this paper, policies and measures are discussed aiming for Economic Efficiency, Environment Protection and Energy Security (3-E) for India as well as for the planet home. Copy Right, IJAR, 2017,. All rights reserved. ...................................................................................................................... Introduction:- Spectrum of vision for economic efficiency, environment protection and energy security (3-E) goals is to reliably supply, conserve and regenerate lifeline energy in a technically efficient, economically viable and environmentally sustainable manner. India pursues all available fuel options and forms of energy, both conventional and non-conventional, as well as new and emerging technologies and energy sources. Coal shall remain major energy source till 2031-32. India will need to take a lead in seeking clean coal technologies such as extraction and in-situ gasification to tap its vast coal reserves using conventional technologies [1]. There is a need of feasibility study for economically viable imports of such energy sources among mutually friendly nations for their complementary exchanges of supply and demand cycles of energy. Implementation of vision for 3-E goals needs actions as follows: i Open and free trading market policy for mutually beneficial and strategically important energy substances and products. ii Pricing and resource allocation under an effective and foresight policy. iii Subsidies and royalties to people in need to strengthen and sustain biogenetic divinities of nature and species redefining efficiencies for energy recycling in order to strengthen environment friendly life styles. iv Transparency in energy consumption per capita among nations. Service based marketing policy in trade free environment is feasibly most efficient and intelligent way to realize steady state conditions for consumptions and regeneration of energy in cosmic energy recycling environment. Tax structure and regulation across energy sub-sectors should enhance this marketing policy by facilitating federative infrastructure to all energy players. Environmental violations should be treated uniformly with imposition of penalty on environmentally destructive practices. An energy market with the foregoing features would minimize market distortions and maximize efficiency gains. An integrated energy policy is needed to ensure recycling and enhancing energy resources for developing economy towards developed nation in form of intelligent and self-sustained way of interdependent living in harmony with flourishing nature. While the medium to long-term challenges of ensuring competitive energy supplies from other nations are formidable, the immediate problem of power and coal shortages also requires policy actions. The medium to long-term issues are summarized in the following sections.
doi:10.21474/ijar01/5879 fatcat:cncifimmjfau7ltjg2xfifqxou