India
India sets 2030 target to produce 50% of its energy need through non-fossile fuels | India News
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BENGALURU: Union minister for power RK Singh on Sunday said India has set itself the target of producing 500 gigawatts of power — about 50% of the country’s total energy requirement, through non-fossil fuel sources by 2030.
“India is among the top 5 major economies in terms of achieving energy transition from fossil fuels to non-fossil fuels. We had pledged to produce 40% of capacity through non-fossil fuels by 2030, but we have achieved it as early as November 2020. Now, prime minister Narendra Modi has set a higher target for us to achieve 500 gigawatt power generation, which is more than 50% of our capacity, by 2030,” said Singh at a press conference in the backdrop of the ongoing G20 meetings.
The First Energy Transitions Working Group meeting started on Sunday and it will continue on Monday.
Singh said India will sign an MOU with Malaysia for providing efficient street lighting, during the group meeting.
Replying to a media query on the Centre cutting the allocation for the Ujjwala scheme to provide LPG connection to the poor households in rural areas, Singh said the LPG is only an interim stop in achieving clean energy and electric cooking is the final stop. “However, the poor will continue getting LPG subsidies since the usage of cooking gas is better than cow dung or firewood,” he added.
Answering another question, the reforms being brought in by amending the Electricity Act, 2003, is not about privatising electricity distribution companies (DISCOMs) (ESCOMs), but it is aimed at making them competitive by allowing more than one licensee holders in the field.
stressing the importance of transition of energy generation from fossil fuels to non-fossil fuels and non-renewable sources, Singh said achieving affordable storage of energy is critical. Observing that about eight billion people across the world do not have access to energy, Singh said energy transition cannot be achieved without ensuring energy access to all and efficient energy storage. He said the ongoing group meeting will focus on two major objectives of energy access and energy security.
While emphasizing the need of energy transition, Singh said the dependence on fossil fuel such as coal is inevitable till the efficient means of generation from non-fossil fuel and storage is achieved.
“India is among the top 5 major economies in terms of achieving energy transition from fossil fuels to non-fossil fuels. We had pledged to produce 40% of capacity through non-fossil fuels by 2030, but we have achieved it as early as November 2020. Now, prime minister Narendra Modi has set a higher target for us to achieve 500 gigawatt power generation, which is more than 50% of our capacity, by 2030,” said Singh at a press conference in the backdrop of the ongoing G20 meetings.
The First Energy Transitions Working Group meeting started on Sunday and it will continue on Monday.
Singh said India will sign an MOU with Malaysia for providing efficient street lighting, during the group meeting.
Replying to a media query on the Centre cutting the allocation for the Ujjwala scheme to provide LPG connection to the poor households in rural areas, Singh said the LPG is only an interim stop in achieving clean energy and electric cooking is the final stop. “However, the poor will continue getting LPG subsidies since the usage of cooking gas is better than cow dung or firewood,” he added.
Answering another question, the reforms being brought in by amending the Electricity Act, 2003, is not about privatising electricity distribution companies (DISCOMs) (ESCOMs), but it is aimed at making them competitive by allowing more than one licensee holders in the field.
stressing the importance of transition of energy generation from fossil fuels to non-fossil fuels and non-renewable sources, Singh said achieving affordable storage of energy is critical. Observing that about eight billion people across the world do not have access to energy, Singh said energy transition cannot be achieved without ensuring energy access to all and efficient energy storage. He said the ongoing group meeting will focus on two major objectives of energy access and energy security.
While emphasizing the need of energy transition, Singh said the dependence on fossil fuel such as coal is inevitable till the efficient means of generation from non-fossil fuel and storage is achieved.
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