India, as a committed signatory nation to the Paris Agreement, has embarked on a transformative journey towards sustainable development by embracing green energy initiatives. Recognizing the imperative to address climate change and reduce carbon emissions, India has strategically positioned itself at the forefront of the global shift towards renewable energy sources. The country’s initiatives encompass a comprehensive approach, spanning from ambitious renewable energy targets to innovative policies and technological advancements. In alignment with the goals outlined in the Paris Agreement, India’s green energy initiatives not only underscore its commitment to environmental stewardship but also showcase its dedication to fostering a cleaner, more sustainable future for generations to come.
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Recently, the ministry of new and Renewable Energy (MNRE), launched ‘ The India story booklet’, a compilation of Indian initiatives that shaped India’s energy transition at the event on accelerating citizen-centric energy transition. India’s commitment to the Paris agreement was reaffirmed through its updated nationally determined contributions(NDCs) to Unfccc.
Honorable pm’s ‘panchamrit strategy’ was announced at cop 26 in the Glasgow conference to enhance climate targets.
Incentivizing in least-cost energy solutions.
UJALA program decreased the unit cost of LED bulbs by over 75%.
Multisectoral approach to energy transition
Future growth will demand resilience on multiple fronts such as energy system design, urban development, industrial growth, and internal supply chain management. India’s manufacturing process and technology leadership present an opportunity to leverage India to turn a self-sufficient green economy into and globally competitive green energy export hub.
As a signatory nation to the Paris Agreement, India has achieved so far for green energy. At Cop 26, Honourable Pm stated a need for $1 trillion in climate finance for India alone. Elsewhere India also reminded the climate community that is a developing nation it is doing more fair share to decarbonize its economy.
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