India on track to meet 175 GW green energy target by 2022
India is well on track to meeting the renewable energy target of 175 GW (gigawatt) by 2022 and will raise it to 450 GW by 2030 with a view to ensuring a low carbon footprint as the world’s third-largest oil consumer drives global energy demand, Prime Minister Narendra Modi said on Monday.
“We are well on track to meet the commitment we made to the global community. We had aimed to increase the renewable energy installed capacity by 175 GW by 2022. We have further extended this goal to 450 GW by 2030.
India has one of the lowest carbon emissions than the rest of the industrialized world. Yet, we will continue to make efforts to fight climate change,” the PM said while inaugurating the fourth edition of the India Energy Forum-CERA Week.
Referring indirectly to the historic crash in oil demand and prices due to lockdowns prompted by the COVID-19 pandemic, Modi pitched for responsible pricing. “For too long, the world has seen crude prices on a roller-coaster. We need to move towards responsible pricing. We have to work towards transparent and flexible markets for both oil and gas,” he said.
Modi said India’s energy consumption is set to double in the long run. But here too, the underpinning was the PM’s climate commitment. “Our energy sector will be growth-centric, industry-friendly, and environmentally conscious. That is why India is among the most active nations in furthering renewable sources of energy.”
Oil minister Dharmendra Pradhan said energy has become an essential component and even a strategic component in India’s bilateral engagements with several key global players. “Under the Neighbourhood First Policy, we are developing energy corridors with neighboring countries and beyond to promote energy access in the region,” he said.
He said the Indian oil and gas industry rose to the occasion “in a commendable manner during these challenging times by ensuring energy supplies, including clean cooking fuel, reach the remotest part of the country,” he said.
News Desk, Ne India News