Renewable energy for sustainable development in India

Current status, future prospects, challenges, employment, and investment opportunities

Datos Bibliográficos

ID22019718
AutoresCharles Rajesh Kumar J (0000-0003-2354-6463, Effat University, autor de correspondencia), M A Majid (0000-0003-2224-8982, Effat University)
Año2020
Volumen10
Número1
Fecha de publicación2020-12-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaEnergy Sustainability and Society (JOURNAL)
Identificadores de la revistaISSN: 2192-0567 • E-ISSN: 2192-0567
EditorialSpringer Science and Business Media LLC (PUBLISHER)
DOI10.1186/s13705-019-0232-1
OpenAlexW3031747086
IdiomaEN
Citas recibidas39
Referencias citadas25

The primary objective for deploying renewable energy in India is to advance economic development, improve energy security, improve access to energy, and mitigate climate change. Sustainable development is possible by use of sustainable energy and by ensuring access to affordable, reliable, sustainable, and modern energy for citizens. Strong government support and the increasingly opportune economic situation have pushed India to be one of the top leaders in the world’s most attractive renewable energy markets. The government has designed policies, programs, and a liberal environment to attract foreign investments to ramp up the country in the renewable energy market at a rapid rate. It is anticipated that the renewable energy sector can create a large number of domestic jobs over the following years. This paper aims to present significant achievements, prospects, projections, generation of electricity, as well as challenges and investment and employment opportunities due to the development of renewable energy in India. In this review, we have identified the various obstacles faced by the renewable sector. The recommendations based on the review outcomes will provide useful information for policymakers, innovators, project developers, investors, industries, associated stakeholders and departments, researchers, and scientists

Business · Economic growth · Economics · Energy policy · Energy security · Energy subsidies · Environmental economics · Natural resource economics · Political science · Politics · Renewable energy · Sustainable development · Energy and Environment Impacts · Engineering · Hybrid Renewable Energy Systems · Integrated Energy Systems Optimization