Key Takeaways
- There is a need to create an atmosphere to discuss energy security not just from a supply perspective but also embrace the new definitions and different conceptual approaches that are changing the way energy security is viewed and practiced.
- The role of Oil and gas needs to be reduced in the energy mix. However, critical and pointed strategies to enhance renewable energy manufacturing would be crucial to enable this transition.
- As the new ground for incubation of carbon-neutral strategies, the progress, challenges and the potential areas of energy development in Ladakh were discussed extensively. The need to accelerate these new low carbon strategies was considered vital as the region faces climate challenges that are changing its environment.
- The role of Alternative fuels such as biofuels has immense potential to change India’s energy choices, especially in the transportation sector. The alternative fuel sector could reduce the dependence on fossil fuels, if the policy environment becomes more conducive for its development.
- The development of other renewable sources such as wave energy and the solar module manufacturing sector were discussed as key areas for new development and innovation. Fostering different technologies and energy sources would help in expanding India’s energy choices.
- The need to enhance cross-border energy trade from a bilateral to a multilateral relation was also considered significant to harness and distribute clean energy sources in the future and to ensure continued supply of energy at a lower cost.
- The role of Multilateral and bilateral relations and multilateral institutions to foster renewable energy was considered crucial to enable faster adoption of clean energy options, technology transfers and to access financing.
- The need to foster a culture of innovation and to enable behaviour changes in consumers and end-users was considered essential to take further clean energy practices. The role of women was considered crucial to make informed energy choices.
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