India's Green Energy Plan and Strategy

New Delhi: India's green energy plan and strategy is an initiative to reduce the country's carbon emissions and to promote green energy. It is part of India's commitment to reduce its emissions in line with the Paris Agreement. The main goal of the green energy plan and strategy is to reduce India's dependence on fossil fuels and to move towards renewable energy sources. The plan envisions that India's share of renewable energy will reach 40% of its total energy mix by 2030.

The green energy plan and strategy includes a mix of renewable energy sources such as solar, wind, biomass, and hydropower. To promote green energy, the government has set up a National Solar Mission which aims to install 100 GW of solar capacity by 2022. It has also launched the National Wind Mission which aims to install 60 GW of wind capacity by 2022. Other initiatives include the Jawaharlal Nehru National Solar Mission, which is aimed at the development of solar energy, and the National Offshore Wind Energy Policy, which is aimed at developing offshore wind energy in India.

The plan also has a focus on energy efficiency and conservation. The Energy Conservation Building Code (ECBC) is a key part of this plan, which aims to reduce energy consumption in buildings. The government has also set up initiatives such as the UJALA Scheme and the UDAY Scheme which aim to promote energy efficiency and conservation. Furthermore, the government has set up the Renewable Energy Certificates (REC) scheme which provides financial incentives for the development of renewable energy.

The green energy plan and strategy also has a focus on green buildings and green transportation. The government has set up the Green Building Rating System (GRIHA) which encourages the development of green buildings. It has also set up the National Electric Mobility Mission which aims to promote electric vehicles. The government has also set up the National Electric Vehicle Policy which aims to promote electric vehicles.

Overall, India's green energy plan and strategy is an ambitious plan which aims to reduce the country's carbon emissions and to move towards green energy. It includes a mix of renewable energy sources, energy efficiency and conservation initiatives, and green buildings and green transportation. This plan is an important step towards achieving India's goal of zero carbon emission by 2030.

Read Also : IndusInd Bank Q1 FY25 results, net profit at 2% YoY