ÑDz©ÌåÓý¹ÙÍøÊ×Ò³

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
Resources

RentenPe and Mygate Partner to Transform Rent Payments in India

Through a strategic partnership, RentenPe and Mygate aim to streamline rent payments and promote financial inclusion by enabling rent-based credit scores for Indian renters. RentenPe, India’s first Rent Credit Scoreâ„� platform and a pioneer in rental fintech innovation, has entered a significant alliance with Mygate, the leading community management app in the country. This partnership will transform rent transactions for millions of Indian households by embedding RentenPe’s payment and rent credit scoring technology directly within the Mygate app. With this integration, all ren..

Next Story
Real Estate

Supreme Unveils New Brand Identity to Elevate Lifestyle

Supreme, a respected name in Indian real estate with a four-decade legacy, has announced a complete rebranding. The move includes the launch of a new logo and a revamped website, both reflecting the group’s refreshed vision to ‘Elevate Lifestyleâ€�. This brand transformation represents more than a visual refresh—it marks a strategic shift in the company’s mission, visual identity and market positioning. The update will be visible across all of Supreme’s digital, social and offline communication platforms. At the core of the initiative is a renewed focus on purposeful design..

Next Story
Infrastructure Urban

Capri Loans Launches #TarrakiKeHaath Campaign Honouring India’s Everyday Heroes

Capri Global Capital Ltd (Capri Loans), a leading non-banking financial company, has unveiled its latest brand campaign, #TarrakiKeHaath, a powerful tribute to the everyday hands that build India â€� from kirana store owners and taxi drivers to dhaba workers, tailors, and carpenters. Narrated by Capri Loansâ€� long-standing brand ambassador and acclaimed actor Pankaj Tripathi, the campaign celebrates the dignity, resilience, and aspirations of self-employed individuals and small business owners who form the backbone of Bharat’s economy. Conceptualized by Rediffusion Brand Solutions, the..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement