ENERGY CONSUMPTION IN KARNATAKA- INSIGHTS INTO CURRENT TRENDS AND FUTURE DIRECTIONS


Mouneshwari G, H H Bharadi
Department of Studies in Economics, Karnatak University, Dharwad. Karnataka State, India.
Abstract
This study examines Karnataka's energy consumption patterns and projections to provide a comprehensive understanding of its current and future energy landscape. Karnataka, a rapidly developing state in India, has experienced significant changes in energy demand driven by factors such as population growth, urbanization, and industrialization. The analysis reveals a complex energy mix for 2023-24, with coal remaining the dominant source of power, while substantial investments are being made in renewable energy sources like solar and wind. The study also highlights fluctuations in per capita power availability and overall power availability, reflecting challenges in sustaining long-term growth in power supply. Projections for energy consumption and peak demand up to 2031-32 indicate a steady increase, necessitating strategic planning and industrialization. development to accommodate rising demands. The review of literature underscores the importance of energy efficiency, renewable energy adoption, and policy frameworks in shaping Karnataka's energy future. This study aims to provide insights into both current trends and future directions, emphasizing the need for balanced energy strategies to support the state's ongoing growth and development.
Keywords: consumption, demand, industrialization., industrialization., growth and development.
Journal Name :
International Journal of Indian Economic Light(JIEL)

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Published on : 2024-09-03

Vol : 12
Issue : 4
Month : August
Year : 2024
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