Railways Minister Piyush Goyal to receive University of Pennsylvania’s top energy policy prize for reforming India’s power sector
New York: Minister of Railways and Coal Piyush Goyal will receive the University of Pennsylvania’s top prize in energy policy for his leadership in reforming India’s power sector, spearheading efforts to fast-track electrification of thousands of remote villages and expanding renewable energy in the country.
The Kleinman Center for Energy Policy at the University of Pennsylvania School of Design will award its fourth annual Carnot Prize to Goyal, the former minister of power and renewable energy, on 19 October. According to a press release from The Kleinman Center, Goyal is being recognised for directing a fast-track effort to electrify 18,000 villages in remote parts of India, “helping bridge the country’s vast energy divide.”
It said Goyal has also been instrumental in reforming India’s power markets and expanding renewable energy, in an effort to meet the country’s Paris Agreement targets. It lauded Goyal for successfully retiring outdated coal plants while launching an ambitious renewable energy expansion programme. “Although India is the world’s fourth top CO2 emitter, the country is currently at 20 percent renewables and is on solid footing to reach a 40 per cent renewable mix by 2030,” it said.
The founding faculty director of the Kleinman Center Mark Alan Hughes said Goyal’s efforts “demonstrate what it takes to create a just energy transition — courage amidst complexity. Providing power to the world’s energy poor turns on the lights—and also empowers education, sanitation, and healthcare. It closes the gap between the haves and have-nots.” While at Penn, Goyal will also meet with Penn students with interests in energy and India.
The Consulate General of India in New York said in a press release that during his visit to the US from 19-22 October, Goyal will interact with members of Indian diaspora during an event in New Jersey and speak on growth and economic reforms in India at Columbia University.
The Carnot Prize is named in memory of French scientist Sadi Carnot, who in 1824 published Reflections on the Motive Power of Fire, which is recognised as the first statement of what is now known as the second law of thermodynamics. Carnot recognised that the power of the steam engine would produce a great revolution in human development. The Carnot Prize is intended to honour those leading revolutions in energy policy to further progress and prosperity.