Inter-ministerial coordination needed for higher RE investments: Experts

India's plan to expand its non-fossil energy capacity five-fold to 500 Gw by 2030 and meet half its energy needs from RE could add over $300 bn of investments in the sector

The pace of investment in the Indian renewable energy (RE) sector could grow substantially in the current decade, reckon experts in their reaction to Prime Minister Narendra Modi’s five pronged goals or Panchamrit at the COP26. To make the best use of the  targets, more ministerial coherence is necessary, argued some of them.  

“There is a lot of scope to scale up investments in the RE sector, through innovative business models and market transformations like the power exchanges,” said Chirag Gajjar, Head-Subnational Climate Action at World Resources Institute, India, one of the premier global research and advocacy groups on environment