Emphasizing that the energy transition should be equitable, inclusive and equitable, India has asserted that there cannot be a “one-size-fits-all solution” as it needs to be fully sensitive to energy. Underlines the importance of- mixed and national conditions of different countries.
In a video assertion to the UN High Level Dialogue on Energy 2021 held on Friday on the sidelines of the 76th General Assembly session, Minister for Power and New and Renewable Energy R K Singh mentioned India has set an formidable goal of 450 gigawatt (GW) of renewable power capability by 2030 and is all set to launch a National Hydrogen Energy Mission to scale up in a serious means the usage of inexperienced hydrogen towards decarbonisation of the financial system.
“Today, as we discuss the energy transition, energy access and finance, I want to reiterate the importance of being fully sensitive to the energy-mix of different countries and national circumstances. There may not be a one-size-fits-all solution. could be,” Singh said.
The National Hydrogen Energy Mission will increase annual green hydrogen production to 1 metric ton (MT) by 2030.
The mission will make India a global hub for green hydrogen production and export, the minister said, adding that the country is also continuing to work on several renewable energy based citizen centric measures such as improving energy efficiency in various sectors and agriculture and rooftop solarisation. . solar program.
India’s Energy Compacts presented for the Energy Talks “reflect our efforts and commitment to the energy transition. Our partners in the public and private sectors have committed to transformative goals through their own energy compacts”.
According to a statement issued by the United Nations, India is also committed to launch a Production Linked Incentive (PLI) scheme to add 10 GW of solar PV manufacturing capacity by 2025, which is 15 million metric tonnes (CBG) of Compressed Biogas (CBG). MMT) manufacturing capacity. Achieve 20% ethanol blending in petrol by 2024, ethanol supply year 2025-26.
Singh said in the meeting that India has set ambitious goals for energy transformation and has taken many bold steps towards achieving them.
He said, “We achieved universal access to electricity by electrifying over 18,000 villages in less than 1,000 days and over 28 million households in just 18 months, the largest extension of access anywhere in the world in such a short time.”
Commitments of more than US$400 billion in new finance and investment by governments and the private sector were expressed during the United Nations High-Level Dialogue on Energy, the first leader-level meeting on energy in 40 years, under the auspices of the United Nations General Assembly, UN said.