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India's 5-year clean energy plan toward 45% emission reduction

sxcoal.com Environmental Protection,  International 2023-04-04 17:23:24

India unveiled a five-year clean energy plan to reduce its greenhouse gas emissions by 45% from the 2005 level by 2030, according to the memorandum released by the Indian government on April 3.


India will add 250 GW of clean energy capacity by March 2028. Previously, India targeted 175 GW of renewable installation by 2022, and by October 2022, 173 GW had been achieved. Currently, India is striving to increase the installation capacity of non-fossil energy sources (including solar, wind, nuclear, hydro and biomass) to 500 GW by 2030.


According to government data, India will add 15 GW of renewable energy in the first half of this fiscal and another 10 GW in the second.


India is the third largest greenhouse gas emitter in the world. The country aims to increase the share of non-fossil fuels from the current 42.6% to 50% by 2030. Currently, India's coal-fired power capacity is 412.2 GW, accounting for more than half of the total.


Despite coal still being India's main source of power generation, India's renewable installation growth is second only to China in major Asian-pacific countries.


The proportion of coal-fired power generation in India's power mix increased slightly from 72.3% in 2019 to 72.8% in 2022, while the proportion of renewable energy power generation increased from 9.4% to 11.6% during this period.


India's Power Minister recently said that by 2047, 90% of India's power may come from clean energy sources.


(Writing by Alex Guo  Editing by Harry Huo)
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