Green Energy Investments Soar: The Rise of a Sustainable Future
Key Ideas
  • Crisil projects a significant increase in green investments to Rs 30.6 lakh crore by 2030, with renewable energy leading the way.
  • Expectations for the upcoming budget include addressing carbon markets, energy efficiency, and government funding support for emerging sectors like green hydrogen.
  • The power sector is anticipated to be the major contributor to these investments, accounting for nearly 60% of the total.
  • The focus on creating a supportive ecosystem for technologies like green hydrogen highlights the sector's potential for growth and development.
Crisil, a global analytical company, forecasts a substantial surge in green investments in India, projecting a rise to Rs 30.6 lakh crore between 2025-2030. This represents a five-fold increase from the preceding five-year period. Renewable energy and storage are set to receive the largest share of these investments, with Rs 19 lakh crore earmarked for this sector. Additionally, significant funds are allocated to the transport, automotive, and oil & gas industries. The senior director of energy and sustainability at Crisil, Rahul Prithiani, emphasizes the importance of fostering a supportive environment for emerging technologies like green hydrogen. He underlines the necessity of driving demand in this price-sensitive sector. The impending budget is expected to tackle crucial aspects such as carbon markets, energy efficiency, and governmental financing for nascent industries. The power sector is anticipated to play a pivotal role, contributing a substantial 60% to the overall investments. This projection underlines the industry's momentum towards sustainability and highlights the growing significance of green energy in India's economic landscape.
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