More than 400 business enterprises, financial institutions and government have renewed their commitment in supporting India achieve national climate plans to deliver access to sustainable energy and drive India’s low carbon transition at this year’s India Energy Access Summit.
Reports indicate, Suresh Prabhu, Railway Minister, Government of India said, there are around 2 billion people in the world without access to electricity. Decentralisation of the energy grid is good as it helps create more jobs and brings forward innovation. This also saves on costs of putting additional infrastructure in for transmission.
Expanding access to energy in India is fundamental to the development that needs to and will happen in coming years. Without electricity, it is simply impossible to create the necessary jobs, homes, factories, offices, schools, and other necessary infrastructure. Estimates suggest that if India succeeds in meeting its ambitious development goals, the country’s energy consumption, which has doubled over the past 15 years, may triple or even quadruple in the coming decades, Richard Verma, Ambassador of the United States of America to India was reportedly quoted.