India's Green Energy Push: A Strategic Vision for a Sustainable Future
Key Ideas
- India is focusing on boosting clean technology like solar power, EV technology, and energy storage to meet growing electricity demands and global challenges.
- The country aims to achieve net-zero carbon emissions by 2070 with interim targets for 2030, including obtaining half of energy from non-fossil sources and reducing emission intensity by 45%.
- Embracing green hydrogen, India's National Green Hydrogen Mission has allocated significant funding for infrastructure development, aiming to establish at least two major hubs.
- Policy measures for 2025 budget include incorporating green hydrogen into key lists, providing financing benefits, and extending tax incentives to promote investment in renewable energy projects.
India is ramping up efforts to boost clean technology as part of its energy strategy, focusing on sectors like solar power, EV technology, and advanced energy storage solutions. The government aims to transition to sustainable energy, emphasizing infrastructure enhancement, particularly in green energy. With ambitious goals to achieve net-zero carbon emissions by 2070, India is targeting obtaining half of its energy from non-fossil sources by 2030. Energy Storage Systems are crucial for managing energy supply, with projections showing significant increases in storage needs. Additionally, green hydrogen is emerging as a key component of India's clean energy strategy, with substantial funding allocated through the National Green Hydrogen Mission. The upcoming 2025 budget presents opportunities for policy measures to foster investment in green technologies, including incorporating green hydrogen production into key lists, providing financing benefits, and extending tax incentives for renewable energy projects. These steps are essential for India to meet its environmental goals and become a leader in the global clean energy market, ensuring sustainable growth and a secure energy future.