India is making incredible progress on its green energy journey, leapfrogging its Paris Agreement targets by nine years. The country is determined to generate 40% of its power from non-fossil fuel sources by 2030.
The government is actively supporting electric vehicles, green hydrogen, solar equipment manufacturing, and energy storage programs in order to meet its lofty 500 GW renewable capacity objective.
Major companies include Reliance Industries, Adani Green Energy, Suzlon, and ReNew, with Reliance aiming to install 100 GW of renewable energy by 2030. At the same time, automakers Tata Motors and Mahindra & Mahindra are driving the electric vehicle market, while Indian Railways electrifies its network with the goal of becoming carbon-neutral by 2030.
India is on a revolutionary path, with a current clean energy capacity of 173 GW, encompassing solar, wind, biomass, hydro, and nuclear power. Despite its admirable efforts, Power Minister R.K. Singh emphasizes that industrialized countries, which have contributed significantly to atmospheric carbon, should take the lead in reducing emissions. Singh highlighted India's responsible approach, despite a 17% global population share and per capita emissions that are one-third of the worldwide average.