IDEAS home Printed from https://ideas.repec.org/a/eee/rensus/v26y2013icp414-424.html
   My bibliography  Save this article

Role of renewable energy investment in India: An alternative to CO2 mitigation

Author

Listed:
  • Mahesh, A.
  • Shoba Jasmin, K.S.

Abstract

This paper discusses the potential of renewable energy, investment and CO2 mitigation by renewable energy technologies. Currently, India's per-capita emissions are around one tonne of CO2/year. The present energy scene offers India a window of opportunity to invest in renewable energy. The annual turnover of renewable energy industry has reached $12.3 billion in 2011, which is 36% higher than 2010 investment of $7.5 billion. Increasing the share of renewable energy in overall energy mix is an effective option to mitigate CO2 emission. Presently, the share of renewable energy is around 12% in the energy mix. The present study estimated CO2 mitigation potential of Indian renewable energy sector about 203milliontonnes with an installed capacity of 24GW in 2012. However, enormous potential identified in renewable energy sector with favorable CO2 mitigation the government is compromising with limited financial resources. However, policy efforts need to be strengthened to encourage a massive scale-up of renewable technologies to build sustained low carbon economy.

Suggested Citation

  • Mahesh, A. & Shoba Jasmin, K.S., 2013. "Role of renewable energy investment in India: An alternative to CO2 mitigation," Renewable and Sustainable Energy Reviews, Elsevier, vol. 26(C), pages 414-424.
    • Handle: RePEc:eee:rensus:v:26:y:2013:i:c:p:414-424
    DOI: 10.1016/j.rser.2013.05.069
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1364032113003729
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.rser.2013.05.069?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Anselm Eisentraut, 2010. "Sustainable Production of Second-Generation Biofuels: Potential and Perspectives in Major Economies and Developing Countries," IEA Energy Papers 2010/1, OECD Publishing.
    2. Parikh, Jyoti & Panda, Manoj & Ganesh-Kumar, A. & Singh, Vinay, 2009. "CO2 emissions structure of Indian economy," Energy, Elsevier, vol. 34(8), pages 1024-1031.
    3. Boparai, Swaran Singh & Secretary, K.C., 1998. "India and renwable energy : A future challenge," Renewable Energy, Elsevier, vol. 15(1), pages 16-21.
    4. John W. Lund, 2010. "Direct Utilization of Geothermal Energy," Energies, MDPI, vol. 3(8), pages 1-29, August.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Slaboch, J. & Hálová, P., 2016. "The Influence of Investment Costs on Biogas Station Development and Their Impact on Greenhouse Gas Emissions from Czech Agriculture," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 8(4), pages 1-9, December.
    2. Zeng, Shihong & Liu, Yuchen & Liu, Chao & Nan, Xin, 2017. "A review of renewable energy investment in the BRICS countries: History, models, problems and solutions," Renewable and Sustainable Energy Reviews, Elsevier, vol. 74(C), pages 860-872.
    3. Bendato, Ilaria & Cassettari, Lucia & Mosca, Marco & Mosca, Roberto, 2015. "A design of experiments/response surface methodology approach to study the economic sustainability of a 1MWe photovoltaic plant," Renewable and Sustainable Energy Reviews, Elsevier, vol. 51(C), pages 1664-1679.
    4. Thi Thu Em Vo & Hyeyoung Ko & Jun-Ho Huh & Namje Park, 2021. "Overview of Solar Energy for Aquaculture: The Potential and Future Trends," Energies, MDPI, vol. 14(21), pages 1-20, October.
    5. Yang, Zikun & Zhang, Mingming & Liu, Liyun & Zhou, Dequn, 2022. "Can renewable energy investment reduce carbon dioxide emissions? Evidence from scale and structure," Energy Economics, Elsevier, vol. 112(C).
    6. Höffken, Johanna I., 2014. "A closer look at small hydropower projects in India: Social acceptability of two storage-based projects in Karnataka," Renewable and Sustainable Energy Reviews, Elsevier, vol. 34(C), pages 155-166.
    7. Aman, M.M. & Solangi, K.H. & Hossain, M.S. & Badarudin, A. & Jasmon, G.B. & Mokhlis, H. & Bakar, A.H.A. & Kazi, S.N, 2015. "A review of Safety, Health and Environmental (SHE) issues of solar energy system," Renewable and Sustainable Energy Reviews, Elsevier, vol. 41(C), pages 1190-1204.
    8. Luthra, Sunil & Kumar, Sanjay & Garg, Dixit & Haleem, Abid, 2015. "Barriers to renewable/sustainable energy technologies adoption: Indian perspective," Renewable and Sustainable Energy Reviews, Elsevier, vol. 41(C), pages 762-776.
    9. Lingyun He & Fang Yin & Zhangqi Zhong & Zhihua Ding, 2017. "The impact of local government investment on the carbon emissions reduction effect: An empirical analysis of panel data from 30 provinces and municipalities in China," PLOS ONE, Public Library of Science, vol. 12(7), pages 1-20, July.
    10. Li, Jinying & Li, Sisi, 2020. "Energy investment, economic growth and carbon emissions in China—Empirical analysis based on spatial Durbin model," Energy Policy, Elsevier, vol. 140(C).
    11. Taedong Lee, 2021. "Financial investment for the development of renewable energy capacity," Energy & Environment, , vol. 32(6), pages 1103-1116, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Mark Sommer & Kurt Kratena, 2016. "The Carbon Footprint of European Households and Income Distribution. WWWforEurope Working Paper No. 113," WIFO Studies, WIFO, number 58787, February.
    2. Zheng, Bobo & Xu, Jiuping & Ni, Ting & Li, Meihui, 2015. "Geothermal energy utilization trends from a technological paradigm perspective," Renewable Energy, Elsevier, vol. 77(C), pages 430-441.
    3. Chandarasekharam, D. & Aref, Lashin & Nassir, Al Arifi, 2014. "CO2 mitigation strategy through geothermal energy, Saudi Arabia," Renewable and Sustainable Energy Reviews, Elsevier, vol. 38(C), pages 154-163.
    4. Pottier, Antonin, 2022. "Expenditure elasticity and income elasticity of GHG emissions: A survey of literature on household carbon footprint," Ecological Economics, Elsevier, vol. 192(C).
    5. Maiyar, Lohithaksha M & Thakkar, Jitesh J, 2019. "Environmentally conscious logistics planning for food grain industry considering wastages employing multi objective hybrid particle swarm optimization," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 127(C), pages 220-248.
    6. Tomaszewska Barbara, 2012. "Geothermal Water Resources Management – Economic Aspects Of Their Treatment / Gospodarka Zasobami Wód Termalnych - Ekonomiczne Aspekty Ich Uzdatniania," Gospodarka Surowcami Mineralnymi / Mineral Resources Management, Sciendo, vol. 28(4), pages 59-70, December.
    7. Koffi Ekouevi & Voravate Tuntivate, 2012. "Household Energy Access for Cooking and Heating : Lessons Learned and the Way Forward," World Bank Publications - Books, The World Bank Group, number 9372, December.
    8. Kargbo, Hannah & Harris, Jonathan Stuart & Phan, Anh N., 2021. "“Drop-in” fuel production from biomass: Critical review on techno-economic feasibility and sustainability," Renewable and Sustainable Energy Reviews, Elsevier, vol. 135(C).
    9. Peters, Jens F. & Petrakopoulou, Fontina & Dufour, Javier, 2015. "Exergy analysis of synthetic biofuel production via fast pyrolysis and hydroupgrading," Energy, Elsevier, vol. 79(C), pages 325-336.
    10. Hong, Jin Gi & Zhang, Wen & Luo, Jian & Chen, Yongsheng, 2013. "Modeling of power generation from the mixing of simulated saline and freshwater with a reverse electrodialysis system: The effect of monovalent and multivalent ions," Applied Energy, Elsevier, vol. 110(C), pages 244-251.
    11. Atreyi Pramanik & Aashna Sinha & Kundan Kumar Chaubey & Sujata Hariharan & Deen Dayal & Rakesh Kumar Bachheti & Archana Bachheti & Anuj K. Chandel, 2023. "Second-Generation Bio-Fuels: Strategies for Employing Degraded Land for Climate Change Mitigation Meeting United Nation-Sustainable Development Goals," Sustainability, MDPI, vol. 15(9), pages 1-19, May.
    12. N. Thangaiyarkarasi & S. Vanitha, 2021. "The Impact of Financial Development on Decarbonization Factors of Carbon Emissions: A Global Perspective," International Journal of Energy Economics and Policy, Econjournals, vol. 11(6), pages 353-364.
    13. Zhang, Linfeng & Zhang, Quan & Huang, Gongsheng, 2016. "A transient quasi-3D entire time scale line source model for the fluid and ground temperature prediction of vertical ground heat exchangers (GHEs)," Applied Energy, Elsevier, vol. 170(C), pages 65-75.
    14. Kousksou, T. & Allouhi, A. & Belattar, M. & Jamil, A. & El Rhafiki, T. & Arid, A. & Zeraouli, Y., 2015. "Renewable energy potential and national policy directions for sustainable development in Morocco," Renewable and Sustainable Energy Reviews, Elsevier, vol. 47(C), pages 46-57.
    15. Rakesh Kumar Jain & Surender Kumar, 2018. "Shadow price of CO2 emissions in Indian thermal power sector," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 20(4), pages 879-902, October.
    16. Sun, Fengrui & Yao, Yuedong & Li, Guozhen & Li, Xiangfang, 2018. "Geothermal energy extraction in CO2 rich basin using abandoned horizontal wells," Energy, Elsevier, vol. 158(C), pages 760-773.
    17. Rao, Narasimha D., 2013. "Distributional impacts of climate change mitigation in Indian electricity: The influence of governance," Energy Policy, Elsevier, vol. 61(C), pages 1344-1356.
    18. Nakomcic-Smaragdakis, Branka & Dvornic, Tijana & Cepic, Zoran & Dragutinovic, Natasa, 2016. "Analysis and possible geothermal energy utilization in a municipality of Panonian Basin of Serbia," Renewable and Sustainable Energy Reviews, Elsevier, vol. 59(C), pages 940-951.
    19. Somogyi, Viola & Sebestyén, Viktor & Nagy, Georgina, 2017. "Scientific achievements and regulation of shallow geothermal systems in six European countries – A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 68(P2), pages 934-952.
    20. Sanchez-Alfaro, Pablo & Sielfeld, Gerd & Campen, Bart Van & Dobson, Patrick & Fuentes, Víctor & Reed, Andy & Palma-Behnke, Rodrigo & Morata, Diego, 2015. "Geothermal barriers, policies and economics in Chile – Lessons for the Andes," Renewable and Sustainable Energy Reviews, Elsevier, vol. 51(C), pages 1390-1401.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:rensus:v:26:y:2013:i:c:p:414-424. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.