The Green Surge and Sustainable Living: Shift towards Renewable Energy and a Sustainable Lifestyle in India

Abstract

The shift in the power sector in India has been massive in the past several years (particularly following the pandemic), with an increase in interest and the use of sustainability and green energy. This has been necessitated by the need to secure energy supply and ensure that the ill impacts of climate change can be countered through the use of conventional orthodox means. This research paper attempts to find answers to the question of the expedited growth and increase of green energy in the Indian power industry over the past several years. This study will examine the emerging companies in the green power sector, like Adani Green, Vikram Solar and Waree Energies and national solar missions and the policy that aims at promoting the renewable energy goal under the national action plan on climate change, in creating an environment-friendly power sector. The other research under this study also examines the financial reports of various green energy giants.

Moreover, this paper focuses on the role of the state and the ministry in shaping and developing this new trend in the power sector and the influences of foreign investments and new innovations that enhance efficiency and the generation of green energy. Also speaking of the typical issues India has when raising massive production of renewable energy, storage of power, supply and funds. In this paper the authors have attempted to present the recent achievements in this area through a thorough examination of the analysis of current data in the share market, dominant media houses, and reports by the government and other relevant international comparisons. India is making an attempt to achieve the sustainable objectives of India through the introduction of green energy applications and the furtherance of India's sustainable development agenda.

Green energy also promotes livelihoods that are sustainable and pollution free environment. It is also in line with the objectives that the United Nations conference on Sustainable Development undertook at Rio de Janeiro in 2012. Over the past couple of years, India experienced a massive transformation in the realm of power sector. Some sources of renewable energy are entering the scene that will alter the future of power and energy. This is a new trend that many Indian and foreign investors are taking ample interest in and the Indian share market is the evidence of that. Multiplicity of IPOs and the booming market evidence the development of this industry.