Energy efficiency is key to ensuring a safe, reliable, affordable and sustainable energy system for the future. It is the one energy resource that every country possesses in abundance and is the quickest and least costly way of addressing energy security, environmental and economic challenges.
As India transforms from a developing to a developed economy, it is witnessing fast growth, and its GDP is expected to keep growing at a high rate during the next years. With this growth comes an increase in energy demand and greenhouse gas emissions. The impact of climate change can affect how much energy is produced, delivered and consumed. In light of the climate change challenge, it becomes imperative to adopt strategies for an energy mix that lead towards a low-carbon development pathway. The strategies include development or modification of energy systems that reduce greenhouse gas emissions.
In India, climate change concerns coupled with growing concerns about long-term energy security, depleting fossil fuel reserves and their environmental impact have provided greater stimulus not only to promoting renewable energy but to implementing energy efficiency strategies to reduce the reliance of the economy on fossil fuels. Working closely with its Swiss and Liechtenstein partners, Panitek is working to introduce latest best practices and technologies in building and industrial efficiencies into the India ecosystem.
ENERGY EFFICIENCY IN INDIA
Energy efficiency has undertaken an ever greater importance in the national energy strategy to provide access to Energy for all and ensuring economic development while mitigating climate change. Indian economy is characterized by high dependence upon fossil fuels, a major proportion of which is imported. In this scenario, energy efficiency becomes an essential component to meet the energy requirements of the country, at the same time, ensuring energy security and pursuing sustainable development.