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 USD3 trillion in the coming decades.
It determined that achieving energy independence will generate significant economic, environmental, and energy benefits for India which include USD2.5 trillion in consumer savings through 2047, reducing fossil fuel import expenditure by 90 per cent or USD240 billion per year, enhancing India’s industrial competitiveness globally, and enabling its net-zero commitment ahead of schedule.
