The Government of India has set ambitious goals to ramp up a range of clean technologies by 2030 to increase energy independence, security, and access while promoting industrial development and reducing air pollution and GHG emissions. To deliver on these goals, the government has introduced a suite of financial and non-financial support measures. But will these measures be sufficient to reach the goals in full and on time?
This report aims to answer that question for five technologies: three in the power sector (battery energy storage systems [BESSs], offshore wind, and solar photovoltaic [PV]); one in transport (electric vehicles [EVs]); and one in industrial technology (green hydrogen [GH2]).
The report estimates the cost gap to achieve India's 2030 clean energy targets for each clean energy technology. The gap identifies by how much the cost of a specific clean technology must drop to reach cost parity with conventional technologies (such as thermal power and internal combustion engine vehicles) to meet the stated clean energy goals for each technology.
Swasti Raizada, Tara Laan, Sunil Mani, Saumya Jain, Andrea Bassi, Deepak Sharma, Sarah Khan, Bidisha Banerjee, Jaymin Gajjar, and Georg Pallaske co-authored the report.
For more details and to access the full report, click here: https://www.iisd.org/publications/report/india-budgeting-for-net-zero
