India renewable power mix to hit 68pc by 2030: Minister

: Electricity, Emissions
23/07/24

The share of installed renewables capacity in India's power generation could increase to 65-68pc by 2030, renewable energy minister Raj Kumar Singh said at the G20 energy transition ministers' meeting in Goa on 22 July.

India had pledged to achieve a 40pc share of renewables in total energy capacity by 2030 at the Cop 21 summit in Paris in 2015, but reached this target nine years in advance, Singh said. The country will also reach the 50pc target it pledged at the Cop 26 summit in Glasgow ahead of time, he added. "We had also pledged [at Cop 21] to reduce the emissions intensity of our economy by 33pc [by 2030]," Singh said, adding that this target was achieved last year.

"And therefore in [the Cop 26 summit in] Glasgow we pledged that 50pc of our installed capacity will be from non-fossils and we shall reduce the emissions intensity of our economy by 45pc," Singh said. "Now we shall achieve both these targets with margins to spare. By my calculations, by 2030, we'll have about 65-68pc of our capacity coming from non-fossils… and similarly we'll have reduced our emissions intensity by 2030 by more than 50pc."

India currently has an installed renewables capacity of 183.97GW, with total capacity from fossil and non-fossil fuel sources at 421GW, the minister said. Around 88.81GW of renewable energy is under installation, Singh added. The Indian government had committed to achieving 500GW of installed renewable capacity by 2030 at Glasgow, along the path to its 2070 net zero target.

The National Electricity Plan (NEP) envisioned increasing the share of non-fossil fuel installed capacity in power generation to 64.4pc by 2030. India has already achieved 43pc as of May, power ministry data show.

By Pranav Joshi and Rituparna Ghosh

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25/04/01

EU publishes CO2 car standard tweak proposal

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EU commission's CO2 tweak for cars imminent: Update

25/03/31

EU commission's CO2 tweak for cars imminent: Update

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EU commission expects CO2 tweak for cars soon

25/03/31

EU commission expects CO2 tweak for cars soon

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World Bank loans Peru $500mn for climate adaptation

25/03/31

World Bank loans Peru $500mn for climate adaptation

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Global energy mix evolves as electricity demand surges

25/03/28

Global energy mix evolves as electricity demand surges

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The IEA repeatedly noted the significant effect that extreme weather in 2024 had on energy systems and demand patterns. Last year was the hottest ever recorded, beating the previous record set in 2023, and for CO2 emissions, "weather effects" made up about half of the 2024 increase, the watchdog found. "Weather effects contributed about 15pc of the overall increase in global energy demand," according to the IEA. Global cooling degree days were 6pc higher on the year in 2024, and 20pc higher than the 2000-20 average. But the "continued rapid adoption of clean energy technologies" restricted the rise in energy-related CO2 emissions, which fell to 0.8pc in 2024 from 1.2pc in 2023, the IEA says. Energy-related CO2 emissions — including flaring — still hit a record high of 37.8bn t in 2024, but the rise in emissions was lower than global GDP growth. Key "clean energy technologies" — solar, wind and nuclear power, EVs and heat pumps — collectively now prevent about 2.6bn t/yr CO2 of emissions, the IEA says. But there remains an emissions divide between advanced and developing economies. "The majority of emissions growth in 2024 came from emerging and developing economies other than China," the agency says, while advanced economies such as the UK and EU cut emissions last year and continue to push ahead with decarbonisation. Global energy suppy by fuel EJ Growth ±% 2024 2023 2022 24/23 23/22 Total 648 634 622 2.2 1.8 Renewables 97 92 89 5.8 3.1 Nuclear 31 30 29 3.7 2.2 Natural gas 149 145 144 2.7 0.7 Oil 193 192 188 0.8 1.9 Coal 177 175 172 1.2 2.0 Global power generation by fuel TWh Growth ±% 2024 2023 2022 24/23 23/22 Total 31,153 29,897 29,153 4.2 2.6 Renewables 9,992 9,074 8,643 10.0 5.0 Nuclear 2,844 2,743 2,684 3.7 2.2 Natural gas 6,793 6,622 6,526 2.6 1.5 Oil 738 762 801 -3.2 -4.8 Coal 10,736 10,645 10,452 0.9 1.8 Global power generation by country TWh Growth ±% 2024 2023 2022 24/23 23/22 World 31,153 29,897 29,153 4.2 2.6 US 4,556 4,419 4,473 3.1 -1.2 EU 2,769 2,718 2,792 1.9 -2.6 China 10,205 9,564 8,947 6.7 6.9 India 2,059 1,958 1,814 5.2 7.9 Global CO2 emissions by country mn t Growth ±% 2024 2023 2022 24/23 23/22 World 37,566 37,270 36,819 0.8 1.2 US 4,546 4,567 4,717 -0.5 -3.2 EU 2,401 2,455 2,683 -2.2 -8.5 China 12,603 12,552 12,013 0.4 4.5 India 2,987 2,836 2,691 5.3 5.4 *includes industrial process emissions — IEA Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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