India will need $250 bn in green energy funds from 2023 to 2030 - News Summed Up

India will need $250 bn in green energy funds from 2023 to 2030


The country has an installed renewable energy capacity of about 80 gigawatts (GW) and is running the world’s largest renewable energy programme with plans to achieve 175GW by 2022 and 500GW by 2030, as part of its climate commitments. The global energy landscape has been rapidly evolving. Also, if India has to achieve the human development index (HDI) level of 0.8, the per capita energy consumption has to quadruple. “Energy intensity of India’s GDP has been declining in the recent past, which is reflective of increases in the efficiency of energy use. “The overall electricity savings due to energy efficiency measures is 7.21% of the net electricity consumption in 2017-18, total thermal energy saved is 2.7% of the net thermal energy consumption and 2.0% of the net energy supply," the Survey said.


Source: Mint July 04, 2019 18:33 UTC



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