India Sets Ambitious Goal to Reach 50% Non-Fossil Installed Capacity by 2030, Says PM Narendra Modi
In a video message to the G20 energy ministerial meeting in Goa, Prime Minister Narendra Modi emphasized India’s commitment to addressing climate change. He declared that India has achieved its target for non-fossil installed power capacity ahead of schedule and now plans to reach 50% non-fossil installed capacity by 2030.
Prime Minister Modi highlighted India’s leadership in solar and wind energy, indicating that the country is making significant strides in green growth and energy transition. He also mentioned that India, as the world’s most populous country and one of the fastest-growing major economies, is dedicated to fulfilling its climate commitments.
During the meeting, Prime Minister Modi called on G20 countries to lead the way in advancing a sustainable, just, affordable, inclusive, and clean energy transition. He stressed the importance of ensuring that countries in the global South are not left behind and emphasized the need for low-cost financing for developing nations.
Furthermore, the Prime Minister underscored the necessity of bridging technology gaps, promoting energy security, diversifying supply chains, and collaborating on fuels of the future. He expressed India’s determination to become a global hub for the production, use, and export of green hydrogen and its derivatives as part of the decarbonization mission.
Prime Minister Modi also touted several achievements in India’s journey towards a sustainable energy future. He mentioned that over the past nine years, more than 119 million Indian families have gained access to LPG connections. Additionally, India has achieved the momentous milestone of connecting every village to electricity. The country has also carried out the largest LED distribution program globally and has effectively saved more than 45 billion units of energy annually.
Looking ahead, the Prime Minister revealed that India aims to reach 10 million annual sales in the electricity market by 2030. Furthermore, the country has initiated the rollout of 20% ethanol gasoline this year and intends to cover the entire nation by 2025.
The G20 energy ministerial meeting, chaired by Union Minister for Power, New and Renewable Energy RK Singh, provided a platform for energy ministers from G20 countries to discuss sustainable energy development. The meeting was followed by the launch of the Green Hydrogen Innovation Center by Union Minister for Power and New and Renewable Energy RK Singh, and the Global Biofuels Alliance by Union Minister for Petroleum and Natural Gas Hardeep Singh.
While India celebrates significant achievements in its renewable energy goals, the country acknowledges the need for continued progress and collaboration to address climate change effectively. With its ambitious target of reaching 50% non-fossil installed capacity by 2030, India demonstrates its determination to lead the way towards a sustainable and clean energy future.
