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India Launches Ambitious Renewable Energy Initiative Aiming for Net-Zero by 2070
New Delhi, September 2, 2024 — In a landmark move towards combating climate change, the Indian government has unveiled an ambitious renewable energy initiative with the goal of achieving net-zero carbon emissions by 2070. This announcement, made by Prime Minister Narendra Modi at a press conference in the capital, marks a significant step in India’s commitment to global climate agreements and sustainable development.
The initiative, named “India Green Horizon 2070,” outlines a comprehensive strategy to overhaul the country’s energy sector, which has long been dependent on fossil fuels. As part of this plan, India aims to transition 70% of its energy mix to renewable sources, including solar, wind, and hydro power, by 2030. The government also intends to increase the share of electric vehicles (EVs) in the transportation sector to 50% by 2040, and to implement a nationwide reforestation program aimed at planting 2 billion trees by 2050.
Prime Minister Modi emphasized the critical importance of this initiative for both India and the global community. “Our planet is facing unprecedented environmental challenges,” he stated. “India is committed to playing its part in mitigating climate change. ‘India Green Horizon 2070’ is our pledge to the world and future generations to ensure a sustainable and prosperous future.”
Title: India Launches Ambitious Renewable Energy Initiative Aiming for Net-Zero by 2070
New Delhi, September 2, 2024 — In a landmark move towards combating climate change, the Indian government has unveiled an ambitious renewable energy initiative with the goal of achieving net-zero carbon emissions by 2070. This announcement, made by Prime Minister Narendra Modi at a press conference in the capital, marks a significant step in India’s commitment to global climate agreements and sustainable development.
The initiative, named “India Green Horizon 2070,” outlines a comprehensive strategy to overhaul the country’s energy sector, which has long been dependent on fossil fuels. As part of this plan, India aims to transition 70% of its energy mix to renewable sources, including solar, wind, and hydro power, by 2030. The government also intends to increase the share of electric vehicles (EVs) in the transportation sector to 50% by 2040, and to implement a nationwide reforestation program aimed at planting 2 billion trees by 2050.
Prime Minister Modi emphasized the critical importance of this initiative for both India and the global community. “Our planet is facing unprecedented environmental challenges,” he stated. “India is committed to playing its part in mitigating climate change. ‘India Green Horizon 2070’ is our pledge to the world and future generations to ensure a sustainable and prosperous future.”
The initiative includes several key components:
Renewable Energy Expansion: India will invest heavily in renewable energy infrastructure, with a focus on solar and wind power. The government has set a target of generating 600 gigawatts (GW) of electricity from renewable sources by 2030. This will involve the development of large-scale solar parks, offshore wind farms, and advanced grid technologies to manage intermittent energy supplies.
Electrification of Transport: To reduce emissions from the transportation sector, the government will provide incentives for the purchase of electric vehicles and establish a network of EV charging stations across the country. Additionally, there will be support for research and development in battery technologies to improve the performance and affordability of EVs.
Green Financing: The initiative will also include measures to attract investment in green technologies. The Indian government plans to introduce green bonds and provide subsidies for companies investing in sustainable practices. This will help mobilize private sector participation and ensure adequate funding for green projects.
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