At the recent 52nd Gastech Exhibition & Conference, Union Minister of Petroleum & Natural Gas stated about the energy trilemma faced by India
- India projected to account for 35% of the global increase in energy demand over the next two decades.
- Current energy demand in India is growing 3 times faster than the global average.
About the Energy Trilemma:
- The Energy Trilemma consists of three often conflicting challenges related to energy that need to be balanced in the context of the rapidly changing energy sector:
Energy Security:
- Definition: Capacity to meet present and future energy demand reliably through robust supply chains.
- Importance: Ensures that energy supply is uninterrupted and resilient against disruptions.
Affordability:
- Definition: Equitable access to energy for all sections of society.
- Importance: Ensures that energy remains affordable, preventing economic disparities and promoting social equity.
Sustainability:
- Definition: Transitioning towards mitigating the environmental impact of energy use and addressing climate change.
- Importance: Ensures long-term environmental health and compliance with global climate goals.
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Frequently Asked Question:
What is the energy trilemma?
The energy trilemma involves balancing energy security, affordability, and sustainability.
Why is energy security important?
Energy security ensures a reliable energy supply that can meet current and future demands without disruption.
What does energy affordability mean?
Energy affordability refers to equitable access to energy for all, ensuring social and economic equity.
What is energy sustainability?
Energy sustainability focuses on reducing the environmental impact of energy use and promoting climate-friendly practices.
How is India affected by the energy trilemma?
India’s rapidly growing energy demand, projected to increase by 35%, highlights the need to balance the trilemma effectively.