India can achieve energy independence by 2047, when it celebrates 100 years of independence, according to a study by the US Department of Energy’s Lawrence Berkeley National Laboratory.
The study titled “Pathways to Atmanirbhar Bharat” also notes India’s energy infrastructure needs an investment of $3 trillion in the coming decades.
It determined that achieving energy independence will generate significant economic, environmental, and energy benefits for India which include $2.5 trillion in consumer savings through 2047, reducing fossil fuel import expenditure by 90 per cent or $240 billion per year, enhancing India’s industrial competitiveness globally, and enabling its net-zero commitment ahead of schedule.
