India’s clean energy commitments at UN summit

WHY IN THE NEWS?

During the first leader-level meeting on energy, under the UN General Assembly, India has made commitments to increase the renewable energy installed capacity to 450 GW by 2030.

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India has also committed to develop and implement a National Hydrogen Energy Mission in order to boost the annual green hydrogen production to 1 MT by 2030.

• It also announced to start a Production Linked Incentive Scheme which will help in adding 10 GW solar PV manufacturing capacity by 2025.
• India’s commitments were part of new multi-billion-dollar commitments that countries made in order to increase renewables and access to electricity & clean cooking technologies at the critical summit.
• The summit was aimed at boosting efforts towards reducing the ranks of about 800 million people living in energy poverty. It also seeks to set the world on a trajectory towards net-zero emissions by 2050.

Production Capacity of Compressed Biogas

India also announced to establish a 15 MMT production capacity of compressed biogas by 2024 and achieve 20 per cent ethanol blending in petrol by the year 2025-26. It seeks to enhance energy efficiency in agriculture, industry, buildings and transport sectors besides promoting energy-efficient appliances & equipment in a bid to reduce India’s emissions intensity of GDP by 33-35 per cent by 2030.

Commitments by other countries

About 35 countries including Small Island, Developing States and major emerging & industrialized economies have made new energy commitments in the form of Energy Compacts. They also announced partnership initiatives with the aim of providing and improving access to reliable electricity.