India's roadmap to achieving net zero

As part of its commitment to addressing the global climate crisis, India has set an ambitious goal of becoming a net-zero carbon emitter by 2070. India’s actions, as the world’s third largest emitter of greenhouse gases, will be critical in achieving the Paris Agreement’s goals. To meet this goal, India has identified the need to transition to clean and green energy sources. The country will outline its strategy to address the clean and green energy requirements to become a leader in the field at the upcoming G20 Summit in India. Let’s have a look to what’s India’s roadmap to achieving net-zero by 2070?

The promotion of renewable energy sources, particularly solar and wind power, is a key component of India’s strategy. India has set a target of 450 GW of renewable energy capacity by 2030, with 280 GW of solar and 140 GW of wind power. This represents a significant increase over the current installed capacity of approximately 93 GW, and India is heavily investing in expanding its renewable energy infrastructure.

India has launched several initiatives to support this growth, including the International Solar Alliance, which aims to promote the use of solar energy and reduce the cost of solar power generation.

In addition, the government has implemented a variety of policies and incentives to encourage the use of renewable energy sources, such as feed-in tariffs, tax breaks, and subsidies.

The electrification of India’s transportation system is another major priority. By 2030, India hopes to have 30% of all vehicles on its roads run on electricity. This includes a concentration on electric two- and three-wheelers, which are popular modes of transportation in the country.

To encourage the adoption of electric vehicles, India has implemented several policies and incentives, including tax breaks and subsidies for electric vehicle manufacturers and buyers.

The government has also launched the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) scheme, to encourage the use of electric vehicles in the country.

To support the growth of its electric vehicle sector, India is also investing in the development of advanced battery technologies such as solid-state batteries. The government has established the National Mission on Transformative Mobility and Battery Storage, which aims to establish a locally advanced battery manufacturing ecosystem.

India is promoting renewable energy and electrification while also emphasizing energy efficiency and conservation. Several initiatives have been launched by the government to improve the energy efficiency of buildings, industries, and appliances. This includes the Energy Conservation Building Code, which establishes standards for energy-efficient buildings, as well as the Perform, Achieve, and Trade scheme, which encourages energy-efficient practices in businesses.

India is also investing in smart grid development, which can help improve the efficiency of the electricity distribution system. Smart grids monitor and control the flow of electricity using advanced technologies such as sensors and automation. This can help to reduce energy losses and improve the grid’s stability.

Finally, India is focusing on R&D to spur innovation in the clean and green energy sector. To support the development of new technologies and solutions, the government has established several research institutions, including the National Institute of Solar Energy and the Indian Institute of Science. India is also collaborating with other countries on clean energy research and development initiatives, including the United States, Japan, and France.

India’s strategy for meeting the country’s clean and green energy needs is comprehensive and ambitious. The country is working to promote renewable energy sources, electrify its transportation system, improve energy efficiency and conservation, build smart grids, and drive innovation through R&D. These initiatives will not only assist India in meeting its net-zero carbon emissions target but will also contribute to the global effort to address the climate crisis.

This article is just a rework of an article by ABP Live

What is Net Zero and why its important for Indian Economy?