‘Diversified mix of energy sources’ may be key amid rising fuel prices
In what could signal a policy push in the upcoming Union Budget for 2022-23, the Economic Survey for 2021-22 has flagged concerns with both clean energy sources and increasing prices of conventional fuel sources, calling for adoption of an approach having a “diversified mix of sources of energy of which fossil fuels are an important part”.
On the policy front, specifically, it has highlighted three points that will be pertinent:
1. The pace at which shift from conventional fossil-fuel based sources is made. This pace will determine the extent and mix of investment in renewable sources of energy, it said.
