India Achieves Climate Goals Ahead of Schedule
POWER & RENEWABLE ENERGY

India Achieves Climate Goals Ahead of Schedule

India has become the only G20 nation to fulfill its climate commitments from the 2015 Paris Climate Change Summit ahead of schedule, Prime Minister Narendra Modi announced on the 78th Independence Day. Speaking to the nation, PM Modi reaffirmed India's dedication to a green future, setting an ambitious goal of achieving 500 GW of clean energy by 2030.

The Paris Agreement, a legally binding international treaty on climate change adopted by 196 nations and organizations, set the framework for global efforts to combat climate change. PM Modi proudly noted that India has not only met but surpassed its initial climate targets.

In December of last year, the Indian government confirmed that it had fulfilled its first two Nationally Determined Contributions (NDCs). These include reducing the emissions intensity of its GDP by 33-35% from 2005 levels and achieving about 40% cumulative electric power installed capacity from non-fossil fuel-based energy sources by 2030.

Building on this success, India has now updated its targets, aiming to cut emissions intensity by 45% and increase the share of non-fossil fuel-based energy to 50% by 2030.

Currently, India's installed solar photovoltaic (PV) power capacity stands at 85.47 gigawatts (GW), and wind power at 46.65 GW. The government has implemented several initiatives to promote renewable energy development, including permitting 100% Foreign Direct Investment (FDI) under the automatic route in greenfield projects.

As the country strives towards its goal of 500 GW of installed electric capacity from non-fossil sources by 2030, India's commitment to renewable energy remains strong, positioning it as a global leader in the fight against climate change.

India has become the only G20 nation to fulfill its climate commitments from the 2015 Paris Climate Change Summit ahead of schedule, Prime Minister Narendra Modi announced on the 78th Independence Day. Speaking to the nation, PM Modi reaffirmed India's dedication to a green future, setting an ambitious goal of achieving 500 GW of clean energy by 2030. The Paris Agreement, a legally binding international treaty on climate change adopted by 196 nations and organizations, set the framework for global efforts to combat climate change. PM Modi proudly noted that India has not only met but surpassed its initial climate targets. In December of last year, the Indian government confirmed that it had fulfilled its first two Nationally Determined Contributions (NDCs). These include reducing the emissions intensity of its GDP by 33-35% from 2005 levels and achieving about 40% cumulative electric power installed capacity from non-fossil fuel-based energy sources by 2030. Building on this success, India has now updated its targets, aiming to cut emissions intensity by 45% and increase the share of non-fossil fuel-based energy to 50% by 2030. Currently, India's installed solar photovoltaic (PV) power capacity stands at 85.47 gigawatts (GW), and wind power at 46.65 GW. The government has implemented several initiatives to promote renewable energy development, including permitting 100% Foreign Direct Investment (FDI) under the automatic route in greenfield projects. As the country strives towards its goal of 500 GW of installed electric capacity from non-fossil sources by 2030, India's commitment to renewable energy remains strong, positioning it as a global leader in the fight against climate change.

Next Story
Technology

We’re building robots that flow, not just move

Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company’s origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why ‘Flo’ and not ‘Flow’?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, ‘mobility’ naturally became part of the name. We wanted to co..

Next Story
Real Estate

We’re committed to setting benchmarks in sustainable luxury living

From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned® philosophy. K T Jithendran, Managing Director & CEO, outlines the company’s premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..

Next Story
Infrastructure Urban

Mumbai’s land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai’s urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?