As a country with a steep development trajectory, India has experienced significant economic growth in recent decades, largely fueled by fossil fuels, making it the world’s third largest carbon emitter. To combat this carbon emission problem, the Indian government has set an ambitious goal: to achieve net zero emissions by 2070. As India moves towards sustainable energy, this shift will not only help mitigate the climate change, but also to guarantee long-term energy security. and economic growth. With a target of 500 gigawatts of renewable energy capacity by 2030, India is playing a leading role in global efforts to reduce carbon emissions. The “India Energy Transition Summit”, presented by Honeywell and CNBC-TV18, brought together experts, industry leaders from the public and private sectors, policy makers to discuss sustainable energy solutions and a future energy efficient. Click here to watch the summit.

Ashish Modi, Chairman of Honeywell India, set the tone for the summit by emphasizing the need to tackle CO2 emissions, particularly in hard-to-reduce sectors like power and steel, and how crucial it is to achieve the goal of net zero emissions. Transition trip. The transition to green energy continues to be a top priority for the government, both in terms of bandwidth and allocation of government resources. To clarify, Minister for Petroleum and Natural Gas Hardeep Singh Puri highlighted the government’s commitment to the solar roof project and the impressive increase in the biofuel mix, now at 15.8% from just 1, 53% in 2014, making India a leader in biofuels after Brazil. . Mr Puri also highlighted the future potential of green hydrogen, emphasizing the need for large-scale production to reduce costs.

Pralhad Joshi, Minister of New and Renewable Energy, Consumer Affairs and Public Distribution, highlighted the importance of reliable energy supply as India’s energy demand increases and how it has become increasingly important to develop and implement strategies to ensure a reliable and sustainable energy supply.Technology as an enablerAchieving sustainable energy goals presents a multifaceted challenge that requires a variety of technological solutions. Honeywell is at the forefront of this effort, leveraging its extensive expertise in automation, energy and aerospace to drive global sustainability strategies. Dr. Gavin P. Towler, Honeywell’s chief sustainability officer, noted that 60% of the company’s research and development budget is focused on sustainability, environmental impact, safety and societal resilience. The company has so far reduced its carbon footprint in India by 52% and is on track to achieve carbon neutrality across all its operations by 2035, underscoring its commitment to a sustainable future.
Battery Breakthroughs – Shaping the Future of Energy Storage
Battery storage systems are essential to maximizing the potential of solar energy and its reliable availability. Estimates suggest a six-fold increase in renewable energy storage capacity is needed to meet net zero emissions targets by 2050. Honeywell is proactively tackling this problem with its storage solutions program battery energy on microgrid and its long-term energy storage solutions. The country has also held discussions on creating a resilient clean energy supply chain – and an efficient battery storage system forms the basis of this to facilitate cross-border electricity trade. Players like Honeywell can play a vital role in this space by offering a range of battery storage solutions across the country.
From waste to watts – The role of biomass in the green energy transition
India has the largest agricultural sector in the world, putting it in a unique advantageous position for biofuel development. The country’s vast and diverse agricultural lands, coupled with its rich agricultural heritage, provide fertile ground for the conversion of biofuel feedstocks such as sugarcane, corn, etc., into sustainable energy sources or biofuels. . With around 500 million tonnes of biomass generated each year, the government aims to triple the production of sustainable biofuels by 2030. This rapid expansion can only be possible by deploying multiple SAF pathways that leverage locally available renewable feedstocks and by adopting hub-and-spoke models to improve production. economy of scale. Biofuel production provides farmers and the entire supply chain with additional sources of wealth and job creation, thereby benefiting local communities. In conclusion, India is making significant progress in its energy transition for a sustainable and energy-efficient future. Government-led initiatives, such as the Prime Minister’s Surya Ghar Yojana and expanded biofuel blending, highlight the importance of policy efforts to embrace renewable energy. By harnessing its agricultural potential and adopting green technologies, India is poised to witness a transformative change in the global renewable energy landscape.Pages marked “Brand Connect” are equivalent to advertisements and are not written and produced by Forbes India journalists.