India’s potential to lead world in green energy

Post budget webinar on green growth discusses India’s potential to lead world in green energy.
The first post-budget webinar on green growth was recently hosted by the Ministry of Electricity and covered 12 announcements from the Union Budget 2023–24 in six parallel sessions. The discussions, which aimed to gather input for the finalisation of a time-bound action plan for implementing budget proposals, drew more than 1100 participants from industry, academia, PSUs, state governments, and sector specialists.
While the first break-out session on green growth, led by Alok Kumar, secretary of power, and co-led by B. S. Bhalla, secretary of mnre, concentrated on energy storage, interstate transmission systems for re-evacuation, the green hydrogen mission, and capital investments for the transition to renewable energy, Pankaj Jain, Secretary of the Ministry of Petroleum & Natural Gas, led the second breakout session, which focused on the GOBARdhan (Galvanizing Organic Bio-Agro Resources Dhan) scheme. The Green Credit Programme, MISHTI, and Amrit Dharohar projects were discussed with stakeholders during the third break-out session led by Leena Nandan, Secretary, Ministry of Environment, Forests & Climate Change.
PM-PRANAM and Bhartiya Prakritik Kheti Bio-Input Resource Centers were discussed during the fourth session, which was chaired by Prof. Ramesh Chand, Member, NITI Aayog. The fifth break-out session on coastal shipping was chaired by Sudhansh Pant, Secretary, Ministry of Ports, Shipping, and Waterways, and Alka Upadhyaya, Minister of Road Transport & Highways, spoke with stakeholders about the challenges and timelines of the vehicle replacement programme.
The Prime Minister addressed the audience and said, “This budget will play a key role in establishing India as a lead player in the global green energy market. That is why, today, I invite every stakeholder of the energy world to invest in India.”
He raised the possibility of achieving the budget’s different goals, noting that India has already reached its goal of 40 percent non-fossil fuel contributions to installed electrical capacity nine years earlier than expected. In addition, India has already met its goal of blending 10 percent ethanol into gasoline, five months ahead of schedule. The country now aims to blend 20 percent ethanol into gasoline by 2025–2026 rather than 2030.

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