Strategy needed to boost energy efficiency: President

Image
IANS New Delhi
Last Updated : Dec 16 2013 | 7:47 PM IST

President Pranab Mukherjee Monday called for improved energy efficiency to tackle the demand for power which has increased significantly because of industrialisation and urbanisation, even as there are limitations on supply.

Speaking during the presentation of the National Energy Conservation Awards and the Painting Competition Awards at a function at Vigyan Bhavan on National Energy Conservation Day, the president said India is the fourth-largest consumer of energy in the world, after the US, China and Russia.

He said accelerated industrialisation, growing urbanisation and an emerging consumer society has led to significant increase in energy demand.

Meeting the energy needs of the population in a scenario of heightened supply limitations poses a formidable challenge for sustainable economic growth, he said.

He said that as an effective strategy to counter this growing difficulty, the growth in energy demand vis-à-vis growth of GDP has to be contained, through improved energy efficiency, a Rashtrapati Bhavan statement said.

The president said resource-use efficiency and conservation are critical for the agenda of inclusive growth and development.

Energy conservation also implies substitution of costly imported energy by cheap energy. This will help in reducing our foreign exchange outgo, he said.

Conservation of energy is a critical development imperative that has multiple positive spin-offs, he stressed.

Among the dignitaries present on the occasion were Power Minister Jyotiraditya Scindia, Power Secretary P.K. Sinha, and Director General Ajay Mathur of the Bureau of Energy Efficiency.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 16 2013 | 7:42 PM IST

Next Story