The Prime Minister, Narendra Modi in his virtual address to the G20 Energy Ministers Meet in Goa said that any discussion about the future, sustainability, growth and development is incomplete without mentioning energy as it impacts the development of individuals and nations at all levels.
He informed that India has achieved its non-fossil installed electric capacity target nine years in advance and set a higher target for itself. He mentioned that the nation plans to achieve 50 percent non-fossil installed capacity by 2030. “India is also among the global leaders in solar and wind power”, the Prime Minister said.
For decarbonizing India, the Prime Minister said that the country is working on Mission mode on Green Hydrogen as an alternative and aims to transform India into a Global Hub for the production, use and export of Green Hydrogen and its derivatives.
Noting that the world looks up to the G20 group to advance sustainable, just, affordable, inclusive and clean energy transition, the Prime Minister stressed the importance of taking the Global South along and ensuring low-cost finance for developing countries. He emphasized finding ways to bridge technology gaps, promote energy security and work on diversifying supply chains. The Prime Minister also suggested strengthening collaboration on the ‘fuels for the future’ and remarked that the ‘High-level Principles on Hydrogen’ are a step in the right direction. He further added that transnational grid interconnections can enhance energy security and India is promoting this mutually beneficial cooperation with its neighbors. “Realizing the vision of inter-connected green grids can be transforming. It will enable all of us to meet our climate goals, stimulate green investment, and create millions of green jobs”, the Prime Minister said. He extended an invitation to all participating nations to join the Green Grids Initiative – ‘One Sun, One World, One Grid’ of the International Solar Alliance.
