In November 2024, NITI Aayog launched the 'Accelerating Sustainable State Energy Transition (ASSET)' initiative. What is the primary objective of this initiative?​

Correct option is C

The correct answer is (c) To support states in achieving their renewable energy targets

Explanation:

• In November 2024, NITI Aayog launched the 'Accelerating Sustainable State Energy Transition (ASSET)' initiative to assist Indian states in their transition to sustainable energy systems.
• The primary objective of the ASSET initiative is to support states in achieving their renewable energy targets by:
• Formulating state-specific energy transition blueprints.
• Developing a pipeline of bankable renewable energy projects.
• Showcasing best practices and innovations in sectors such as Battery Energy Storage Systems (BESS), green hydrogen, energy efficiency, e-mobility, and offshore wind.
• This initiative aligns with India's national goals of achieving net-zero greenhouse gas emissions by 2070 and becoming a Viksit Bharat (developed nation) by 2047.

Information Booster:

• The ASSET platform is a collaborative effort between NITI Aayog, the Ministry of Power, and the Ministry of New and Renewable Energy.
• It emphasizes the importance of cooperative federalism, providing states with the tools and support needed to develop comprehensive and viable green transition plans.
• The platform also focuses on fostering innovation in emerging technologies and addressing financial challenges to sustain renewable energy growth within private-sector-driven models.