President Sh Pranab Mukherjee has said that the key to energy efficiency and energy self-sufficiency lies in innovation and developing the appropriate technologies. Giving the example of the US, the President said that the US has turned itself from being a huge net energy importer to being self-sufficient through the discovery of shale gas, which has been possible because of a crucial technological breakthrough in efficient recovery of shale gas. Sh Pranab Mukherjee was speaking at the National Energy Conservation Awards function in New Delhi today. Highlighting the role of scientists and technologists, the President said that they have to engage themselves in the cause of making our country self-sufficient in energy. Policy making also has to be proactive to identify problems, highlight trends, develop scenarios, and recommend policy options, so as to avert any crisis, he added.
The President said that the demand for energy is increasing rapidly while its supply is limited. Therefore, the difficulty of the growth in energy demand vis-à-vis the growth of GDP has to be contained through improved energy efficiency. Energy conservation also implies the substitution of costly imported energy by cheap energy. This will help in reducing our foreign exchange outgo. Conservation of energy is a critical development imperative that has multiple positive spinoffs.
Mr Pranab Mukherjee disclosed that the Twelfth Five Year Plan recognizes the importance of evolving a low carbon strategy for inclusive and sustainable growth. A national target to increase energy use efficiency has been set. It will bring a twenty to twenty five percent reduction in the energy intensity of our GDP by 2020.
The President recognized the various innovative initiatives of Ministry of Power like Perform Achieve and Trade (PAT), Super Energy Efficient Program (SEEP) under National Mission on Enhanced Energy Efficiency.