All about India's Green Energy Transition
As India is all set to become the world's most populous country, India's green energy demand is expected to increase seven times by 2035 - BP Energy Outlook
India , like many other countries is making significant transition towards green energy. As the focus on sustainable development is increasing, India has set embitious targets to increase the share of renewable energy in its energy mix.
One of the major drivers of India's green energy transition is increasing demand for electricity with rise in population. To meet this demand, India has been heavily dependent on fossil fuels such as coal, natural gas, etc. However, these fossil fules are not inexhausitble. Moreover, fossil fuels also lead to air and water polllution hence leading to climate change.
To address these challenges, the Indian government has set a target of achieveing 175 GW of renewable energy capacity by 2022, with further target of 450 GW by 2030. The country has made significant progress towards achieveing these targets, with total installed renewable energy capacity reaching 97 GW as of February 2021.
In this regard, Indian government has taken many initiatives and formulated many policies. One such initiative is the National Solar Mission launched in 2010 with the aim of promoting the use of Solar Energy in the country.
India has also launched a range of other policies and initiatives to promote renewable energy, such as the Wind Energy Mission, the Bio-Energy Mission, and the National Electric Mobility Mission. These Intitiatives have encouraged the development of new technologies and industries in the renewable energy sector, creating new opportunities for job creation and economic growth.
India's green energy transition has also been supported by International Cooperation and partnerships. The country has been working with range of international organizations, such as International Solar Alliance, to promote renewable energy and reduce the cost of technology.
While India's green energy transition is still a work in progress, the country has made significant strides in recent years. The transition has not only helped to reduce the impact of fossil fuels on the environment but also created new opportunites for economic growth and job creation. As India continues to move towards a greener future, it is likely to become a leader in the global effort to combat climate change and promote sustainable development.
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