Why diesel matters?
India, an aspiring superpower on the global map, suffers from the same problem of energy deficit. For India to full fill its aspiration, energy sufficiency becomes pivotal. Today India import almost all of its diesel needs. Looking at the statics, India full fill 92% of its energy needs with fossil resources and only 7.8% is served by the non-conventional source of energy.
In 2015, India surpassed Japan to become the third largest consumer of diesel after U.S and china. India is poised to overtake China as the largest growth market for energy in volume by 2030.
Global oil consumption growth is 1.5% today and Indian Oil Consumption growth is 8.3% already. India consumers 4.8%of the total global consumption and this is about to grow in the near future. These statics show India’s reliance on the fossil for its growth.
Amidst the growing concerns of global warming and the impact of fossil fuel usage on environment, two things are certainties. One, world will continue to exploit and use the fossil resources for years to come and second. The way we use these fossils will decide its hazards for our environment. Now the question begs that ‘if fossil fuels are so hazardous to our ecology and environment then why do we continue using these?’ There are multiple answers to this question. Our energy needs are imperative for growth and it makes the readily exploitable fossils an attractive resource for energy. An alternative to these fossil resources are the renewable resources of energy but their economic non- viability in compassion to the readily available fossil resources, makes them an unattractive option as of now.
In the years gone by we have been able to put in place the technology to explore and extract the crude resources and thus today these resources are relatively economical to use. One of the biggest drawbacks of the renewable energy sources is that we have not been able to make them economically viable as of now. This will take years of research to come to a point where using renewable energy sources will make business sense. Today we have a choice of either finding the will and patience to give up on the fossil resources and sacrifice growth for year to come citing the environment concerns or we can make use of the fossils in most prudent ways without compromising on our growths while relentlessly making efforts in renewable energy technologies. Any choice that we make is going to have enormous bearing on our future.