January 15, 2025
1 min read

India Bets Big on a Sustainable Future

India’s total renewable energy installed capacity recorded a robust double-digit growth of 15.84 per cent to touch 209.44 GW…reports Asian Lite News

India is projected to see a five-fold growth in green investments to Rs 31 lakh crore between 2025 and 2030, a Crisil report showed on Wednesday.

Of the Rs 31 lakh crore investments, Rs 19 lakh crore is seen going into renewable energy and storage, Rs 4.1 lakh crore into transport and automotive sectors and Rs 3.3 lakh crore into oil and gas, according to the report presented at the Crisil’s ‘India Infrastructure Conclave 2025’ in the national capital.

This is a crucial part of an estimated $10 trillion investments needed through 2070 to achieve the country’s net-zero goals as per the Updated First Nationally Determined Contribution (NDC) under the Paris Agreement.

Among India’s key NDC commitments are a 45 per cent reduction in the carbon intensity of its gross domestic product (GDP) by 2030 from 2005 levels, and an increase in the share of cumulative installed power capacity from non-fossil-fuel-based energy resources to 50 per cent.

“As the fastest-growing large economy over the medium term, India has a window of opportunity to balance its developmental and environmental aspirations and priorities,” said Amish Mehta, Managing Director and CEO, Crisil.

Based on the plans announced by the government and corporates, and progress on the ground, “we estimate Rs 31 lakh crore of green investments through 2030,” he added.

India’s total renewable energy installed capacity recorded a robust double-digit growth of 15.84 per cent to touch 209.44 GW, as of December 2024, from 180.80 GW in December 2023.

The total capacity added during 2024 amounted to 28.64 GW, representing a significant year-on-year increase of 119.46 per cent compared to the 13.05 GW added in 2023, according to the latest government data.

According to the report, for established technologies with relatively lower risk profile, such as solar power, wind power and two-wheeler EVs, there is adequate debt finance available through banks, sector-focused development finance institutions and bond markets.

However, for relatively high-risk projects such as green hydrogen, CCUS (carbon capture, utilisation and storage), energy storage and other emerging technologies, government grants and incentives will hold the key in improving project viability, it noted.

ALSO READ: Tamil Pride Finds Voice in US House

Previous Story

Tamil Pride Finds Voice in US House

Next Story

India Shines at Heimtextil 2025

Latest from -Top News

FM Sitharaman Embarks on Three-Nation Tour

She is leading the Indian delegation from the Department of Economic Affairs under the Ministry of Finance….reports Asian Lite News Union Finance Minister Nirmala Sitharaman commenced her official visit to Spain, Portugal,

Araghchi: Hold US, Israel Accountable

The Iranian foreign minister emphasised that the UNSC should hold the “aggressors” accountable and act to prevent the recurrence of such “crimes.”…reports Asian Lite News Iranian Foreign Minister Seyed Abbas Araghchi urged

Jaishankar Heads to US for Quad Talks

EAM Jaishankar will be inaugurating an exhibition titled, “The Human Cost of Terrorism” at the United Nations Headquarters, New York on June 30….reports Asian Lite News External Affairs Minister (EAM) S. Jaishankar

Uganda’s President Museveni to seek reelection

The upcoming general elections will not only determine the presidency but also see voters elect lawmakers to the national assembly Uganda’s President Yoweri Museveni is set to seek reelection for another term
Go toTop

Don't Miss

10,000 special guests for Republic Day parade 

Some of the invited guests are carrying out exemplary work

Kashmir cop’s killing triggers upsurge against militancy

It was an audacious disapproval of such innocent killings-everybody asking