"NITI Aayog launched the second version of the India Energy Security Scenarios 2047 calculator (IESS 2047), an open source Web-based tool," NITI Aayog said in a press release.
According to the statement, the tool aims to scan a range of potential future energy scenarios for India for diverse energy demand and supply sectors leading up to 2047.
The energy supply sectors in focus are solar, wind, bio fuels, oil and gas, coal and nuclear power and the demand sectors include transport, industry, agriculture, cooking and lighting appliances.
The tool was unveiled by NITI Aayog Vice-Chairman Arvind Panagariya in the presence of a select gathering at a function at the Federation House in New Delhi yesterday.
Speaking on the occasion, Panagariya said: "The IESS 2047 calculator has already been playing an instrumental role in shaping India's energy policy... With the launch of the second version, one can look forward to a more comprehensive policy discourse on India's future energy planning by policy makers, academicians, private sector and other stakeholders."
The purpose of IESS is to engage various stakeholders in energy planning and facilitate informed debate at different levels.
This instrument allows the user develop a secure future pathway and suggest current policy interventions for the same. It has been developed in consultations with multiple stakeholders such as think-tanks, industry bodies and research organisations.
The UK Department for Energy and Climate Change (DECC) is the initiative partner with NITI Aayog in this project.
More than 20 countries have now developed their own energy/climate calculators such as China, Bangladesh and South Africa, the statement added.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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
