The International Energy Agency published a report entitled ‘Southeast Asia Energy Outlook 2022’ last month.
The country has already made significant progress with installed renewable energy (RE) capacity reaching 114 GW as of 30 June 2022.
With an increasing number of countries setting strong net-zero targets, there is a global push for the gradual discontinuation of fossil-fuel usage and the large-scale adoption of renewable energy (RE).
By 2030, India aims to source 50% of electric power from non-fossil fuels and reduce carbon emissions by 45% from 2005 levels.
India’s commitment to reach net zero by 2070 and meet 50% of its cumulative installed capacity from non-fossil fuel energy resources is a significant milestone in its fight against climate change.
India marked its presence as a serious contender in the green hydrogen space at the World Hydrogen Summit in Rotterdam, the Netherlands, which happened in May this year.
India, the fifth largest economy in the world, is ambitiously striving to achieve a USD 5-trillion economy in the near future, positioning itself among the top three global economies.
On 21 March, the Supreme Court, in a judgement regarding a public interest litigation (PIL) on protecting and conserving the critically endangered Great Indian Bustard (GIB), noted that people have a fundamental right to be free from the adverse effects of climate change.
India is rapidly expanding its renewable energy (RE) capacity to meet the 500 GW target by 2030 and net-zero target by 2070, showing a remarkable growth of 135% from FY2014–15 to FY2023–24.
Rajasthan, India’s largest state by area, holds the highest renewable energy potential in the country, with 284 GW of wind energy potential and 142 GW of solar energy potential.
