New Delhi, Sept 15
Pralhad Joshi, Union Minister of New and Renewable Energy, has stated that India’s journey toward renewable energy will serve as a model for other growing nations navigating the way to sustainability, given that India is the largest democracy in the world and a rapidly developing country.
With a focus on expanding renewable energy, the nation intends to reach 500 GW of non-fossil fuel energy capacity by 2030 and achieve net-zero carbon emissions by 2070.
The minister claims that international cooperation and robust legislative support are bolstering the nation’s transition to renewable energy.
For instance, programs like the International Solar Alliance (ISA), which France and India cofounded, aim to encourage the use of solar energy globally, especially in developing nations.
“India is not only leading the cause of clean energy under Prime Minister Narendra Modi, but also inspiring other nations to join the cause,” Joshi said, “despite having one of the lowest per capita emissions in the world.”
According to PM Modi’s statement from last month, India is the only G20 nation to have made sure that the commitment to a greener planet, made at the 2015 Paris Climate Change Summit, was met ahead of schedule.
The nation has revised its goals to lower the GDP’s emissions intensity from 5% in 2005 to 45% by 2030 and to increase the installed capacity of non-fossil fuel-based electricity to 50% by 2030.
As of right now, the nation has installed 85.47 GW of solar photovoltaic (PV) electricity and 46.65 GW of wind power combined. The Center has launched a number of projects and programs to encourage the growth of renewable energy (RE), such as wind and solar energy.
By 2030, the nation wants to have 500 GW of installed energy capacity generated by non-fossil sources. Under the automatic approach, the government has approved up to 100% of Foreign Direct Investment (FDI).
The Economic Survey claims that the nation has a strong infrastructure to draw foreign direct investment (FDI) to greenfield initiatives like renewable energy.
