Accelerating the progress towards a greener future with sustainable actions can mitigate global warming and climate change, and help achieve decarbonisation. While India stands committed to achieving decarbonisation, pro-electric and pro-digital efforts are paving the way for meeting the sustainable development goals.
India recorded an all-time-high peak power demand of 201.066 GW in April this year. With rising demand, it becomes imperative to reduce the dependency on fossil fuels and switch to clean energy. The country has set a target of increasing its non-fossil fuel power capacity to 500 GW by 2030. Electricity 4.0, which is a sustainable and efficient way of power generation and consumption by leveraging digital technologies and renewables, can power the new electric world, help achieve the net zero target and build a sustainable future.
With India’s reliance on renewable sources increasing, harnessing new-age technologies such as cloud computing and internet of things can make electricity generation and consumption cost-effective and the system more efficient. It can be supplemented by digital technologies with smart metering, making it possible to track energy consumption and thus prevent energy wastage. The deployment of Electricity 4.0 in homes, buildings, data centres and industries can help attain a more sustainable, resilient and efficient infrastructure to decrease the carbon footprint in the future. Further, smart devices, data analytics and apps help in addressing the demand-supply imbalance, generating valuable insights and unlocking the full potential for greater energy savings.
The menace of climate change and the alarming rise in pollution levels have made it necessary to take concrete steps to address environmental concerns. The drive towards Electricity 4.0 is not a choice but a necessity. At this juncture, Electricity 4.0 is critical to lead the decarbonisation efforts, maintain global temperatures from exceeding the prescribed levels and prevent energy imbalance. Countries across the globe have agreed to take actions to limit global warming below 2 degrees Celsius as part of the Paris Agreement. Electrifying almost every process backed by smart technology and renewables can help achieve this goal and also bring huge environmental, sociological and economic benefits for all.
It is promising that the focus on electricity-based equipment is growing. Higher adoption of e-mobility, switching to electric heating and achieving an electric aviation fleet are some examples that show how electrification is leading the war against climate change. Electricity 4.0 puts the focus on extracting electricity from renewable sources such as solar, hydro and wind. The chances of getting energy from these renewable sources are limitless. With zero combustion and no carbon footprint, it will be possible to meet energy requirements and build a cleaner environment.
As electricity is the most efficient form of energy, switching to cleaner alternatives can help conserve energy. According to the National Resource Defence Council in the US, an electric vehicle motor converts 85 per cent of electrical energy into mechanical energy. Internal combustion engines convert only 40 per cent. This is just an example that shows how mass electrification can reduce the dependence on fossil fuels.
The shift to Electricity 4.0 is critical to protect the planet from the toxic impact of degrading climate and related environmental concerns. A lot more has to be done. According to the Intergovernmental Panel on Climate Change, if the global temperature rise is not maintained within 1.5 degrees Celsius, it will lead to a substantial rise in sea levels that can put the lives of millions of people at risk.
Sustainability has become a global priority and with innovation and technological advancements happening at a rapid pace, Electricity 4.0 can put India at an advantage. The country is set to become the most populated in the world and it is great that it is standing committed to its sustainability goals. As per the International Energy Agency’s India Energy Outlook 2021, the country exceeds the goals set out in its nationally determined contribution, with the energy emission intensity improving by 40 per cent from 2005 to 2030, which is more than its stated target. While leading the global action against climate change and increasing the focus on Electricity 4.0 for transforming into an all-electric ecosystem, India will bolster its position as a leader on the world map.