Renewable energy for sustainable development in India: current status, future prospects, challenges, employment, and investment opportunities

The primary objective for deploying renewable energy in India is to advance economic development, improve energy security, improve access to energy, and mitigate climate change. Sustainable development is possible by use of sustainable energy and by ensuring access to affordable, reliable, sustainab...

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Bibliographic Details
Published in:	Energy, sustainability and society sustainability and society, 2020-01, Vol.10 (1), p.1-36, Article 2
Main Authors:	Kumar. J, Charles Rajesh, Majid, M. A.
Format:	Article
Language:	eng
Subjects:	Achievements Alternative energy Barriers Climate change Economic conditions Economic development Economics and Management Employment Energy Energy industry Energy Policy Energy security Energy utilization India Initiatives Investment Renewable and Green Energy Renewable energy Renewable resources Residential energy Review Security Sustainable Sustainable Development Sustainable use
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Summary:	The primary objective for deploying renewable energy in India is to advance economic development, improve energy security, improve access to energy, and mitigate climate change. Sustainable development is possible by use of sustainable energy and by ensuring access to affordable, reliable, sustainable, and modern energy for citizens. Strong government support and the increasingly opportune economic situation have pushed India to be one of the top leaders in the world’s most attractive renewable energy markets. The government has designed policies, programs, and a liberal environment to attract foreign investments to ramp up the country in the renewable energy market at a rapid rate. It is anticipated that the renewable energy sector can create a large number of domestic jobs over the following years. This paper aims to present significant achievements, prospects, projections, generation of electricity, as well as challenges and investment and employment opportunities due to the development of renewable energy in India. In this review, we have identified the various obstacles faced by the renewable sector. The recommendations based on the review outcomes will provide useful information for policymakers, innovators, project developers, investors, industries, associated stakeholders and departments, researchers, and scientists.
ISSN:	2192-0567 2192-0567