Nuclear energy is poised to be a cornerstone of India’s clean energy objectives. The government aims for a monumental target of 100 GW of atomic energy capacity by 2047, recognizing the necessity of nuclear power in achieving these goals. To support this initiative, ₹20,000 crore has been allocated for the research and development of small modular reactors (SMRs) under the “Nuclear Energy Mission.” Additionally, recent amendments to the Atomic Energy and Civil Liability Act facilitate private sector participation, which is expected to accelerate the pace of nuclear power generation.
Small modular reactors (SMRs) signify a transformative approach in nuclear technology. These reactors are notably smaller, safer, and more efficient than traditional nuclear plants. SMRs provide a scalable solution for clean energy production, addressing the common challenges associated with large-scale nuclear facilities, such as exorbitant costs and lengthy construction periods.
The 2024 Budget places significant emphasis on critical minerals, essential for advancing renewable energy technologies. Key minerals, including lithium, cobalt, rare earth elements, and nickel, are prioritized for both import and domestic manufacturing. The budget exempts customs duties on 25 critical minerals and the capital goods necessary for electric vehicles (EVs), battery production, and renewable energy infrastructure. This will bolster India's clean energy transition.
Despite its promise, nuclear energy expansion encounters several challenges. Safety concerns, waste management issues, and high operational costs have led to public skepticism. Environmental advocates argue for a greater emphasis on scalable and decentralized renewable energy sources, such as wind and solar, which offer safer and more cost-effective alternatives.
To bolster local production, the government has extended customs duty exemptions on essential components like solar panels, batteries, and refining equipment. These measures are designed to enhance India’s self-reliance in renewable energy technologies and support the transition to a sustainable energy framework.
The National Manufacturing Mission plays a crucial role in this energy transition, aiming to cultivate a skilled workforce and competitive micro, small, and medium enterprises (MSMEs). This mission fosters innovation in renewable energy and electric vehicle technologies, aligning with India’s long-term low-carbon development objectives.
In its climate commitments, India is focusing on restoring degraded lands, improving waste management, and reducing air and water pollution. These initiatives aim to enhance the nation's resilience against climate change while supporting sustainable development.
India's clean energy initiative effectively addresses both economic and environmental goals. By investing in SMRs, promoting the manufacturing of critical minerals, and supporting renewable technologies, India not only diminishes its carbon footprint but also reinforces its economic self-reliance. This balanced strategy is essential for ensuring energy security while meeting global climate commitments.
Q1. Why is nuclear energy important for India's future?
Answer: Nuclear energy is crucial for India to achieve its 100 GW atomic energy capacity by 2047. It supports clean energy goals and enhances energy security.
Q2. What are small modular reactors (SMRs)?
Answer: SMRs are advanced nuclear reactors that are smaller, safer, and more efficient than traditional reactors. They offer scalable solutions for clean energy production.
Q3. How does the 2024 Budget aid renewable energy?
Answer: The budget prioritizes critical minerals necessary for renewable technologies and exempts customs duties on essential components, promoting a clean energy transition.
Q4. What are the main challenges of nuclear energy expansion?
Answer: Key challenges include safety risks, waste management concerns, and high costs, leading to calls for a focus on renewable energy alternatives.
Q5. How does India plan to address climate change?
Answer: India aims to restore degraded lands, enhance waste management, and reduce pollution to build resilience against climate change and support sustainable development.
Question 1: What is the target for India's nuclear energy capacity by 2047?
A) 50 GW
B) 100 GW
C) 200 GW
D) 150 GW
Correct Answer: B
Question 2: What are small modular reactors primarily designed to address?
A) High costs
B) Safety issues
C) Scalability
D) Waste management
Correct Answer: C
Question 3: Which critical mineral is essential for battery production?
A) Gold
B) Lithium
C) Iron
D) Zinc
Correct Answer: B
Question 4: What does the National Manufacturing Mission aim for?
A) Reducing pollution
B) Creating a skilled workforce
C) Increasing imports
D) Promoting fossil fuels
Correct Answer: B
Question 5: Which of the following is a challenge for nuclear energy expansion?
A) High efficiency
B) Safety risks
C) Low costs
D) Public acceptance
Correct Answer: B
Kutos : AI Assistant!
