India intends to continue leading the path of Energy Transition

India’s NDC is to increase the share of non-fossil fuels to 40 percent of the total electricity generation capacity by 2030.

India is among one of the few countries globally which has kept to its Paris Climate Change (COP21) commitments along with an exponential increase in renewable energy capacity. Considering the pace of development in the energy sector, India is determined to not only achieve but exceed its NDC commitments well within the committed time frame. This was stated by RK Singh, Union Minister of Power and New & Renewable Energy, in his keynote address at the webinar on “A Multilateral Approach to Building a Global Hydrogen Economy”. The event was recently organised by the Ministry of New and Renewable Energy (MNRE), the Government of India and the Council on Energy, Environment and Water (CEEW).

Addressing the gathering virtually Singh said that India is a world leader in Energy Transition. India’s NDC is to increase the share of non-fossil fuels to 40 percent of the total electricity generation capacity by 2030 but at the current rate, we might be able to achieve almost 50 percent from non-fossil fuel by 2030.

“India is a world leader in Energy Transition and intends to continue leading the path. He added that we achieved milestone of 100 GW of installed Renewable Energy Capacity which is a matter of pride for us”, Singh added. This not only marks an important milestone in India’s journey towards its target of 450 GW by 2030, but also builds upon the confidence to achieve more and be among the leading countries embarking on a path towards energy transition globally.

The minister further apprised that India has been declared as the most attractive destination for investment in Renewable Energy by Bloomberg.

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