ADB Commends India’s Green Transition
POWER & RENEWABLE ENERGY

ADB Commends India’s Green Transition

The Asian Development Bank (ADB) has praised India’s efforts to reduce subsidies on fossil fuels to foster the growth of green energy. In line with its commitment to decarbonization and achieving net-zero emissions, India has strategically reduced financial support for fossil fuel consumption.

This shift is intended to redirect resources toward renewable energy initiatives, making clean energy more competitive and accessible. The ADB highlighted India’s policy shift as a model for emerging economies, encouraging others to reprioritize financial support toward sustainable alternatives.

With a robust renewable energy target, India is focusing on solar, wind, and green hydrogen projects, backed by policy reforms and funding incentives. These efforts are expected to accelerate the adoption of cleaner technologies and promote energy efficiency, underscoring India’s leadership in transitioning to a low-carbon economy.

The ADB’s endorsement reflects the international community’s recognition of India’s proactive stance in addressing climate change challenges through actionable policies and investments.

The Asian Development Bank (ADB) has praised India’s efforts to reduce subsidies on fossil fuels to foster the growth of green energy. In line with its commitment to decarbonization and achieving net-zero emissions, India has strategically reduced financial support for fossil fuel consumption. This shift is intended to redirect resources toward renewable energy initiatives, making clean energy more competitive and accessible. The ADB highlighted India’s policy shift as a model for emerging economies, encouraging others to reprioritize financial support toward sustainable alternatives. With a robust renewable energy target, India is focusing on solar, wind, and green hydrogen projects, backed by policy reforms and funding incentives. These efforts are expected to accelerate the adoption of cleaner technologies and promote energy efficiency, underscoring India’s leadership in transitioning to a low-carbon economy. The ADB’s endorsement reflects the international community’s recognition of India’s proactive stance in addressing climate change challenges through actionable policies and investments.

Next Story
Infrastructure Energy

South West Pinnacle Wins Rs 30 Cr Oman Mining Contract

South West Pinnacle Exploration Ltd has secured a Rs 30 crore contract from Minerals Development Oman (MDO) for mining exploration in concession areas 12B and 13.The two-year project will be carried out via Alara Resources LLC, a JV in Oman. MDO, backed by Oman’s investment authorities, focuses on monetising mineral wealth.The contract covers copper, gold, and chromite and highlights South West Pinnacle’s growing footprint in international exploration and mining services. ..

Next Story
Equipment

Godrej GEG Boosts Intralogistics with AI and Green Tech

Godrej Enterprises Group (GEG) is revolutionising warehouse and factory logistics through its Material Handling Equipment and Storage Solutions arms by integrating AI, IoT, and automation.With 20–25% market share and 85% local sourcing, GEG champions Atmanirbhar Bharat and sustainability. The Chennai plant, a green manufacturing leader, uses RoHS-compliant materials and has slashed energy consumption by 60%.GEG serves e-commerce, FMCG, retail, and cold chains with high-performance racking and electric forklifts. Upcoming IoT-enabled forklifts and telematics solutions aim to improve speed, sa..

Next Story
Infrastructure Urban

Amit Shah Inaugurates Key Projects Across Gujarat

Union Home Minister Amit Shah inaugurated and laid the foundation stone for various projects in Gujarat’s Panchmahal district and Ahmedabad.In Godhra, he inaugurated the Center of Excellence building, sports complex, reservoir, and Miyawaki plantation. In Ahmedabad, he unveiled a new cooperative complex in Adaroda village and a primary school in Juwal.These projects, under the Model Co-op Village scheme, aim to boost education, sustainability, and rural development across the state. ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?