India can attain energy independence by 2047, when it would celebrate 100 years of independence, according to a study by the Lawrence Berkeley National Laboratory of the US Department of Energy.&nbsp;

The "Pathways to Atmanirbhar Bharat [self-reliant India]" study additionally finds that India's energy infrastructure will require $3 trillion in investments over the next several decades, reported PTI news agency.&nbsp;

It concluded that achieving energy independence would have significant positive effects on India's economy, environment, and use of energy, such as savings to consumers of USD 2.5 trillion through 2047, a 90 per cent reduction in the country's yearly spending on fossil fuel imports, or USD 240 billion. This is an increase in India's industrial competitiveness on a global scale, and the capacity to fulfill its net-zero commitment sooner than anticipated.

"India's energy infrastructure requires a USD3 trillion investment in the coming decades, and our study finds that prioritizing new energy assets that are cost-effective and clean is crucial for long-term financial sustainability," said Berkeley Lab staff scientist and co-author Amol Phadke in a statement issued by the Department of Energy and quoted by PTI.&nbsp;

ALSO READ |&nbsp;<a href="https://www.wionews.com/india-news/pm-modi-says-indias-economic-and-banking-systems-are-strong-573632">Amid global economic turmoil, PM Modi says India’s economic and banking systems are strong</a>

According to the report, India would achieve energy independence by adding more than 500 GW of non-fossil electricity generation capacity by 2030, a target that the government has already set, followed by an 80 per cent clean grid by 2040 and a 90 per cent clean grid by 2047.&nbsp;

By 2035, it is predicted that sales of new vehicles might be nearly completely electric. According to the report, renewable hydrogen and electrification might replace heavy industrial output in most cases.&nbsp;

It claimed that the majority of the lithium required for the production of new electric vehicles and grid-scale battery storage systems (estimated at 2 million tonnes by 2040) could be supplied locally using recently discovered deposits.

"We find that India will embark on an ambitious energy transition in the coming decades," said Priyanka Mohanty, a co-author and researcher at Berkeley Lab. "However, the transition runway provides time to strategically deploy clean technologies at scale and plan for a just transition."

ALSO READ |&nbsp;<a href="https://www.wionews.com/india-news/artless-concrete-eyesores-jet-airways-ceo-criticises-design-of-indian-metro-stations-faces-flak-573712">'Artless concrete eyesores': Jet airways' CEO criticises design of Indian metro stations, faces flak</a>

The Indian industry must also make the transition to clean technology, such the production of green steel and electric vehicles. India is one of the world's top exporters of steel and automobiles, and the EU nations who have made a commitment to carbon neutrality and a potential carbon border adjustment price are their biggest customers, according to the report.

(With inputs from agencies)

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India can attain energy independence by 2047, when it would celebrate 100 years of independence, according to a study by the Lawrence Berkeley National Laboratory of the US Department of Energy.

India can attain energy independence by 2047, when it would celebrate 100 years of independence, according to a study by the Lawrence Berkeley National Laboratory of the US Department of Energy. The "Pathways to Atmanirbhar Bharat [self-reliant India]" study additionally finds that India's energy infrastructure will require $3 trillion in investments over the next several decades, reported PTI news agency. It concluded that achieving energy independence would have significant positive effects on India's economy, environment, and use of energy, such as savings to consumers of USD 2.5 trillion through 2047, a 90 per cent reduction in the country's yearly spending on fossil fuel imports, or USD 240 billion. This is an increase in India's industrial competitiveness on a global scale, and the capacity to fulfill its net-zero commitment sooner than anticipated. "India's energy infrastructure requires a USD3 trillion investment in the coming decades, and our study finds that prioritizing new energy assets that are cost-effective and clean is crucial for long-term financial sustainability," said Berkeley Lab staff scientist and co-author Amol Phadke in a statement issued by the Department of Energy and quoted by PTI. ALSO READ | Amid global economic turmoil, PM Modi says India’s economic and banking systems are strong According to the report, India would achieve energy independence by adding more than 500 GW of non-fossil electricity generation capacity by 2030, a target that the government has already set, followed by an 80 per cent clean grid by 2040 and a 90 per cent clean grid by 2047. By 2035, it is predicted that sales of new vehicles might be nearly completely electric. According to the report, renewable hydrogen and electrification might replace heavy industrial output in most cases. It claimed that the majority of the lithium required for the production of new electric vehicles and grid-scale battery storage systems (estimated at 2 million tonnes by 2040) could be supplied locally using recently discovered deposits. "We find that India will embark on an ambitious energy transition in the coming decades," said Priyanka Mohanty, a co-author and researcher at Berkeley Lab. "However, the transition runway provides time to strategically deploy clean technologies at scale and plan for a just transition." ALSO READ | 'Artless concrete eyesores': Jet airways' CEO criticises design of Indian metro stations, faces flak The Indian industry must also make the transition to clean technology, such the production of green steel and electric vehicles. India is one of the world's top exporters of steel and automobiles, and the EU nations who have made a commitment to carbon neutrality and a potential carbon border adjustment price are their biggest customers, according to the report. (With inputs from agencies) WATCH WION LIVE HERE:

India may become energy-independent by 2047, transition to near 100% EV sales: US study

A day after UK Prime Minister Rishi Sunak said the country's 'golden era' with China was over, the latter has been removed from the construction of the new Sizewell C nuclear power station.

A day after UK Prime Minister Rishi Sunak said the country's 'golden era' with China was over, the latter has been removed from the construction of the new Sizewell C nuclear power station. China General Nuclear (CGN), a state-owned energy corporation has been booted out of the project and will be replaced by French partner EDF, the British government announced. The Department for Business, Energy and Industrial Strategy (BEIS) added that Britain's energy sovereignty was at the heart of the issue when deciding to allow CGN to exit the project. After the announcement, the Chinese embassy released a statement saying, "As a principle, we oppose any discriminatory practices against Chinese businesses. It is hoped that the UK side will provide a fair, just and non-discriminatory environment for Chinese firms in the UK." WATCH | Britain's 'golden era' with China is over, says PM Rishi Sunak × The plant is currently under development along the Suffolk coast in eastern England. Once completed with two European Pressurised Reactors, it will power approximately six million UK homes. The operation of the plant is also expected to create 10,000 jobs in the country, Notably, the decision comes after Sunak's remarks and the assault of a BBC journalist covering the Covid protests in Shanghai. In reference to former finance minister George Osborne's stance on Sino-British ties in 2015, Sunak said, "Let’s be clear, the so-called 'golden era' is over, along with the naive idea that trade would lead to social and political reform." Read more: Beijing poses 'systemic challenge' to UK and Britain's 'golden era' with China is over: Rishi Sunak We cannot simply ignore China's significance in world affairs - to global economic stability or issues like climate change. The US, Canada, Australia, Japan and many others understand this too." Earlier, London condemned Beijing after a BBC journalist said he was beaten while covering Shanghai Covid protests. (With inputs from agencies) WATCH WION LIVE HERE:

China removed from UK nuclear project, a day after Sunak's 'golden era over' statement

Saudi Crown Prince <a href="http://www.wionews.com/world/leading-us-senator-blames-saudi-prince-salman-for-khashoggi-death-172688">Mohammed bin Salman</a> on Monday laid the foundation stone for the kingdom's first nuclear research reactor, state media said, as the kingdom seeks to diversify its energy mix.

The reactor was among seven projects launched by the prince during a visit to Riyadh's King Abdulaziz City for Science and Technology, the official Saudi Press Agency reported.

SPA offered no details on when the research or non-power reactor -- typically used for research, development and education purposes -- would be built and at what cost.

Saudi Arabia currently draws on oil and natural gas to meet its own fast-growing power demand and desalinate its water.

The world's top crude exporter harbours plans to build 16 nuclear reactors over the next two decades for $80 billion as it seeks to diversify, despite concerns over nuclear proliferation in the Middle East.

Prince Mohammed said in March that if Iran develops a&nbsp;nuclear&nbsp;weapon, Riyadh will do so too.&nbsp;

In an interview with CBS television, he likened regional rival Iran's supreme leader to Hitler, saying he "wants to create his own project in the Middle East".

Riyadh held deep reservations over the 2015 accord aimed at curbing Iran's&nbsp;nuclear&nbsp;ambitions and hailed President Donald Trump's announcement in May that the United States was withdrawing from the deal.

Monday's announcement comes as the US vowed to be "relentless" in countering Iran as sweeping new sanctions took effect.

Saudi Crown Prince Mohammed bin Salman on Monday laid the foundation stone for the kingdom's first nuclear research reactor, state media said, as the kingdom seeks to diversify its energy mix.

Saudi Crown Prince Mohammed bin Salman on Monday laid the foundation stone for the kingdom's first nuclear research reactor, state media said, as the kingdom seeks to diversify its energy mix. The reactor was among seven projects launched by the prince during a visit to Riyadh's King Abdulaziz City for Science and Technology, the official Saudi Press Agency reported. SPA offered no details on when the research or non-power reactor -- typically used for research, development and education purposes -- would be built and at what cost. Saudi Arabia currently draws on oil and natural gas to meet its own fast-growing power demand and desalinate its water. The world's top crude exporter harbours plans to build 16 nuclear reactors over the next two decades for $80 billion as it seeks to diversify, despite concerns over nuclear proliferation in the Middle East. Prince Mohammed said in March that if Iran develops a nuclear weapon, Riyadh will do so too. In an interview with CBS television, he likened regional rival Iran's supreme leader to Hitler, saying he "wants to create his own project in the Middle East". Riyadh held deep reservations over the 2015 accord aimed at curbing Iran's nuclear ambitions and hailed President Donald Trump's announcement in May that the United States was withdrawing from the deal. Monday's announcement comes as the US vowed to be "relentless" in countering Iran as sweeping new sanctions took effect.

Saudi Arabia to build first nuclear reactor

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India may become energy-independent by 2047, transition to near 100% EV sales: US study

China removed from UK nuclear project, a day after Sunak's 'golden era over' statement

Saudi Arabia to build first nuclear reactor