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India Set To Triple Renewable Energy Capacity By 2030, But There's A Hurdle

India Set To Triple Renewable Energy Capacity By 2030, But There's A Hurdle

NDTV
Wednesday, November 29, 2023 06:38:40 AM UTC

India needs a whopping USD 293 billion to achieve this, according to a report released by global energy think tank Ember today.

India's 14th National Electricity Plan (NEP) sets it on a path to more than triple its renewable energy capacity by 2030, but there's a hurdle - The country needs a whopping USD 293 billion to achieve this, according to a report released by global energy think tank Ember today.

The International Energy Agency (IEA) says the world must triple its renewable energy capacity and double energy efficiency by 2030 to decrease the need for fossil fuels and limit global warming to 1.5 degrees Celsius by the end of the century.

Led by the US, the European Union (EU), and the UAE, over 60 countries now support the commitment to triple renewable energy and double energy efficiency.

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