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VOL. 6, ISSUE 2 (2024)
Empowering sustainable development goal 7 for energy resources and India’s G20 presidency
Authors
Sonali Sardar, Priyajit Ray
Abstract
In 2021, the Government of India disclosed
that the capacity of renewable energy has been increased by 250% from the year
2014 to 2021, and its targeted renewable energy is valued at 900GW, which
mainly comes from various renewable energy sources, including solar ranks
(750GW), Wind energy (102 GW), Bioenergy (25Gw), and small hydro (25GW). India
ranks fifth position in the world on installed renewable energy capacity.
Sustainable development is being implemented by properly utilising sustainable
energy resources and also by assuring the availability of affordable, reliable,
sustainable, and modern energy for society. The Sustainable Development Goals
(SDGs) are mainly associated with extensive lists of goals and targets that
discusses the social, economic and environmental parameters to boost our
society. Energy resources can play a significant role in achieving sustainable
development goals in India. Therefore, this paper primarily investigates the
performance of the U.N. Sustainable Development Goal 7, along with a discussion
on the trend of production capacity of clean fuels, electricity and renewable
energy resources. This study also discusses the significance of India's G20
presidency working group meeting about energy resources. The paper finds
India's performance in meeting Goal 7 of SDG targets is entirely satisfactory
and on the other hand, producing clean fuels, electricity, and energy are also
occasionally remarkable. India has implemented various agendas and policies to
meet those targets and boost these sectors overtime during the G20 summit. To
the best of the author's knowledge, the paper is the first to assess the
performance of SDG 7 in light of India's presidency. The study might enrich the
existing literature and provide direction for further research.
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Pages:6-11
How to cite this article:
Sonali Sardar, Priyajit Ray "Empowering sustainable development goal 7 for energy resources and India’s G20 presidency". International Journal of Management and Commerce, Vol 6, Issue 2, 2024, Pages 6-11
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