“India will increase the share of non-fossil fuel, will increase renewable energy capacity to beyond 175 GW by 2022 and take it to 400 GW,” PM Modi said
September 24, 2019. By News Bureau
Prime Minister Narendra Modi addressed the Climate Action Summit hosted by UN Secretary-General Antonio Guterres in the UN General Assembly chamber.
Indicating that water management would be its priority, PM Modi said India would spend $50 billion on water conservation in the next few years. “India will increase the share of non-fossil fuel, will increase renewable energy capacity to beyond 175 GW by 2022 and take it to 400 GW,” PM Modi said.
“Need, not greed, has been our guiding principle. Therefore, India is here today to present a practical approach and a roadmap. In India, we are going to increase by 2022 our renewable energy capacity to 175 gigawatts and we are committed to further increasing it to 450 gigawatts” he further added.
The industry has been quite upbeat about PM Modi’s UN Climate Action Summit Address.
Dr. Ajay Mathur, Director General - TERI (The Energy and Resources Institute) said, ‘The Prime Minister’s address at the UN Climate Action Summit highlights the fact that it is green action, across the economy, that is also the most viable economic action today. For example, 450 GW of renewable energy capacity makes sense. TERI's work, within the Indian Energy Transition Commission, indicates that electricity from renewables, with storage, could be cheaper than coal based electricity. This means over 45% of electricity sold in India in 2030 could come from renewables.’
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