International Re-New Energy Conclave (IREC) 2022
Theme: Decarbonising for Net Zero
The key pillars of decarbonising the global energy system are energy efficiency, behavioural change, electrification, renewable, hydrogen and hydrogen‐based fuels, and CCUS. As green power takes precedence in the global scheme of things, the Indian government has already kick-started its green hydrogen journey.
Decarbonising existing and future energy production can be achieved only through technological innovation.
On 15 August 2021, Prime Minister of India Narendra Modi, flagged the launch of a National Hydrogen Mission and announced his decision to transform India into a global hub for green hydrogen production and export.
India's renewable energy sector is expected to boom with a likely investment of over $15 billion in 2022 as the government focusses on electric vehicles, green hydrogen, manufacturing of solar equipment as well as achieving the ambitious 175GW renewable capacity target.
According to the market estimates, India generates more than 50,000 tons of lithium-ion battery waste every year.
Energy researchers assume that wind and solar power will become 20-50% cheaper by 2030 as the technology develops. Wind and solar power are cheap, climate-friendly, and set to become mainstays of future energy supplies.
Electric vehicle charging stations (EVCSs) with solar rooftop photovoltaic (SRTPV) facility are economically more viable than those with grid. India will need four lakh EV charging stations by 2026 to meet the expected 20 lakh vehicles on the road.
India is a huge country in terms of energy requirements and hence the country's requirement for battery storage is also huge, and is estimated as 120 GWh by 2030, to support its 500 GW renewable capacity addition.
CoP26 commitment by India
to raise the non-fossil fuel based energy capacity of the country to 500 GW by 2030
by 2030, 50% of the country’s energy requirements would be met using renewable energy sources.
the country will reduce the total projected carbon emission by one billion tonnes between now and the year 2030.
the carbon intensity of the economy would be reduced to less than 45% by 2030,
the country would become carbon neutral and achieve net zero emissions by the year 2070
As net zero is the internationally agreed upon goal for mitigating global warming in the second half of the century & the need for net zero CO2 by 2050. Climate leaders are working together to reduce global greenhouse gas emissions and meet the goals of the Paris Agreement. There is a need for greater international collaboration to drive the rapid global deployment of clean technologies across all the key sectors for the implementation of net zero commitments.
Join us for the event. The event aims at creating a platform & act as a bridge between regional leaders, organizations & stake holders to jointly discuss the strategies, technology implementation & adaptability, to work towards making an impact for reducing the CO2 footprint for a sustainable, greener & better world.