Successes and Setbacks: Sector progress during the year

India is well on its way to achieving its ambitious “Panchamrit” targets: 500 GW of non-fossil fuel-based installed capacity by 2030, reduction of one billion ton­nes of carbon emissions by 2030, generation of 50 per cent of the country’s energy requirements from renewable energy by 2050, reduction in the carbon intensity of the economy by 45 per cent over 2005 levels by 2030, and net zero emissions by 2070. The energy transition vector received an impetus at the re­cently concluded COP28 in Dubai, where nearly 200 countries agreed to “transition away from fossil fuels”. However, the commitment lacks firmed up timelines and concerns exist with respect to ambiguity in the terminology used.

Please click here to read the full article by Amit Kapur and Akshat Jain, published in Power Line.