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India finalises energy compacts for its 450 GW renewable target

Fiinews by Fiinews
June 23, 2021
in Investment, Projects
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Singh calls for strong political commitment to SDG-7

India will finalize its energy compacts going forward based on its target of 450 GW renewable energy capacity by 2030, focusing on solar, wind and bio-energy; storage systems, green hydrogen and international cooperation through the International Solar Alliance.

This was stated by Minister of State for Power and New and Renewable Energy R K Singh at a virtual curtain raiser press conference on “India’s role as global champion for the Energy Transition theme of the UN High Level Dialogue on Energy 2021” on 22 June 2021.

Energy compacts are voluntary commitments from Member States and non-state actors like companies, regional/local governments, Non-Governmental Organizations (NGOs) and others. These stakeholders commit to an Energy Compact that includes the specific actions they commit to take to support progress on Sustainable Development Goal (SDG-7).

There is need for strong political commitments, and innovative ways of expanding energy access, promoting Renewable Energy and increasing energy efficiency under SGD-7.

Singh said the UN High level Dialogue on Energy 2021 presents India with an opportunity to share these experiences with the entire world.

The Minister called on all other countries, especially those in positions of privilege to work ambitiously to support a global energy transition that is just, inclusive and equitable. #environment #clean #climate #investment #renewables /fiinews.com

Tags: Ministry of New and Renewable Eenrgy
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