According to Commerce Secretary Sunil Barthwal, India offers investment opportunities of over $500 billion by 2030, especially in the clean energy value chain including renewables, green hydrogen and electric vehicles (EVs).
At the 26th session of the United Nations Framework Convention on Climate Change (COP 26), India announced its target to achieve net zero emissions by 2070.
Before that long-term goal, India is set to achieve its short-term targets under the 'Panchamrit' action plan – 500 GW of fossil fuel energy capacity by 2030; To meet at least half of its energy needs through renewable energy by 2030; reducing CO2 emissions by 1 billion tonnes by 2030; reducing carbon intensity by 45 percent by 2030; And ultimately pave the way to achieve net-zero emissions targets by 2070.
India's long-term low-carbon development strategy is based on seven key transitions to low-carbon development pathways.
These include decarbonising power systems in line with growth, developing an integrated, efficient and inclusive transport system, promoting adaptation in urban design, energy and material efficiency in buildings and sustainable urbanism.
Prime Minister Narendra Modi had expressed his intention to accelerate India's Climate Action Plan (CAP) by presenting the five elixirs (Panchamrit) of India's Climate Action Plan to the world.
At the COP 26 session, PM Modi unveiled a five-pronged goal for India and its commitment towards net-zero emissions by 2070.
He said there is a need to follow a sustainable lifestyle and stressed on the idea of making 'Lifestyle for the Environment' (LiFE) a global mission through bold steps by the global clean energy fraternity.
At the 26th session of the United Nations Framework Convention on Climate Change (COP 26), India announced its target to achieve net zero emissions by 2070.
Before that long-term goal, India is set to achieve its short-term targets under the 'Panchamrit' action plan – 500 GW of fossil fuel energy capacity by 2030; To meet at least half of its energy needs through renewable energy by 2030; reducing CO2 emissions by 1 billion tonnes by 2030; reducing carbon intensity by 45 percent by 2030; And ultimately pave the way to achieve net-zero emissions targets by 2070.
India's long-term low-carbon development strategy is based on seven key transitions to low-carbon development pathways.
These include decarbonising power systems in line with growth, developing an integrated, efficient and inclusive transport system, promoting adaptation in urban design, energy and material efficiency in buildings and sustainable urbanism.
Prime Minister Narendra Modi had expressed his intention to accelerate India's Climate Action Plan (CAP) by presenting the five elixirs (Panchamrit) of India's Climate Action Plan to the world.
At the COP 26 session, PM Modi unveiled a five-pronged goal for India and its commitment towards net-zero emissions by 2070.
He said there is a need to follow a sustainable lifestyle and stressed on the idea of making 'Lifestyle for the Environment' (LiFE) a global mission through bold steps by the global clean energy fraternity.
