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Showing posts with the label The country needs to prioritize renewable energy to avoid the burden of high crude prices.

The country needs to prioritize renewable energy to avoid the burden of high crude prices.

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- The country has not seen the expected increase in solar and wind energy production Russia's invasion of Ukraine disrupted the supply of crude oil and gas around the world, including in India. Most countries in the world depend on imports of crude oil and gas from a handful of countries for their fuel needs. The rise in global fuel prices has a direct impact on the economies of importing countries and also puts their financial position under pressure. The emphasis has so far been on reducing the use of conventional fuels such as coal and petrol-diesel as part of reducing pollution in the world, including India, and replacing non-polluting energy. But nothing solid happens. Russia-Ukraine has told the world that there is an urgent need to increase its consumption of renewable energy. Renewable energy consumption is also cheaper than conventional thermal power, although its output does not increase as expected. There is no denying that crude oil and gas prices will fall after the...