Energy is one of the most ubiquitous resources and is overwhelming in its abundance. In 88 minutes, about 450 exajoules of energy reaches from Sun to Earth and this is sufficient for about one year of the whole Earth’s energy consumption. The price of renewable energy is destined to consistently plummet with time and the trend is already conspicuous only in its incessant fall. Any pricing or cost attached with energy enablement would remain related to either the transformation of its forms or its carriage and distribution. Thus, efficiency of carriage as well as equitability of its distribution are the key questions to be solved for achieving energy transition in our lives. This energy transition has to happen through three Ds of Decarbonisation, Democratisation and Digitalisation.
Climate change, as is apparent through its tell-tale signs, is very real and its impact goes beyond just ambient temperature rise, weather changes or rise in sea levels. It’s now about survival of human race and its food security. All developing countries now face the dual challenge of bridging the energy divide along with transitioning to low carbon energy systems. On October 2nd of 2016, India made a strategic decision to embrace renewable as the predominant source of energy in the long run by ratifying the Paris climate agreement.
