Business Standard

Here's why Indian renewable energy plan pales in front of Europe and China

An International Energy Agency report suggests that New Delhi's action on renewable deployment on the ground pales in front of Europe and China

Renewable Energy, Solar Energy
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The Modi government expects to add 500 Gw of renewables capacity by 2030 without offering any details

S Dinakar
As we prepare to exit 2022, a year that rejuvenated fossil fuel businesses despite sparking record prices of coal and natural gas, and enter 2023, India must accelerate its pace of renewables development if it is to keep up with China and Europe, and improve energy security, a new report by the Paris-based International Energy Agency (IEA) shows.

The IEA’s latest report, which forecasts the deployment of renewable energy technologies in electricity, transport and heat to 2027, reveals a renewed global focus on renewable — after Russia’s invasion of Ukraine threatened to impoverish even developed nations of energy.

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