IREDA CMD Calls for ₹32 Lakh Crore Investment in Renewable Energy for India's Net-Zero Goals
Key Ideas
- IREDA's Chairman highlights the need for Rs 32 lakh crore investment in the renewable energy sector by 2030 to achieve India's net-zero targets.
- He emphasizes the importance of customer-centric financial solutions and innovative offerings from lenders to support the renewable energy transition.
- The roadmap outlined includes ramping up renewable energy generation for immediate needs and focusing on decarbonization from 2031 to 2047 to achieve a net-zero emissions target by 2070.
- Significance is placed on emerging technologies like Green Hydrogen, Offshore Wind, and E-Mobility in the journey towards a sustainable and decarbonized power sector by 2047.
Pradip Kumar Das, the Chairman & Managing Director of Indian Renewable Energy Development Agency (IREDA), emphasized the necessity for India to invest approximately Rs 32 lakh crore in the renewable energy sector by 2030 to meet the country's net-zero goals. Speaking at the 23rd India Power Forum, Das called for lenders to provide customer-centric financial solutions tailored to the renewable energy sector. He highlighted the crucial role of renewable energy in India's transition towards a net-zero-compliant power sector. The roadmap outlined focuses on immediate needs such as ramping up renewable energy generation, followed by infrastructure development from 2031 to 2047 to achieve net-zero emissions by 2070, aiming for a 'Viksit Bharat' (Developed India) by 2047. Das also stressed the importance of emerging renewable technologies like Green Hydrogen, Offshore Wind, and E-Mobility in reaching these ambitious goals. He stated that decarbonization is not only vital for addressing climate change but also essential for securing future generations and unlocking new economic avenues while strengthening India's energy security.
Topics
India
Renewable Energy
Climate Change
Energy Security
Investment
Infrastructure Development
Net-zero Goals
Emerging Technologies
Financial Solutions
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