Hon’ble Cabinet Minister, Ministry of Power, New and Renewable Energy - Shri RK Singh at WSDS 2024

"India a leader in energy transitions; only major economy to achieve Nationally Determined Contributions (NDCs) way before time," said Shri RK Singh, Hon’ble Cabinet Minister, Ministry of Power, New and Renewable Energy at the 23rd edition of the World Sustainable Development Summit (WSDS).

Calling India a “leader” in energy transitions, Shri Singh said, “In India, 44 percent of the country's power generation capacity is from non-fossil sources. In actual physical terms, about 180,000 plus megawatts is the non-fossil capacity. The nuclear capacity is just about 7,800 megawatts. The remaining is totally renewable. That constitutes 44 percent of the established capacity, 427,000 megawatts out of which 180,000 MW is renewable.”

“India had pledged that by 2030, that it would have 40 percent of our power generation capacity as renewables. We are already beyond that. Again, India pledged in COP26 that by 2030 to have 50 percent of capacity from non-fossil sources, mostly renewables. In fact, it will be actually 65 percent -- way more than what was pledged. India’s per capita emission is among the lowest in the world. Despite we have pledged that we will reduce our emission intensity by 33 percent by 2030,” he said.

A special announcement at the end of the session unraveled the intention of an Memorandum of Agreement (MoA) signing between the Ministry of Power, New and Renewable Energy and The Energy and Resources Institute (TERI) for setting up an Institute for Energy Transition in Hyderabad.

To know more about WSDS 2024, visit: https://wsds.teriin.org/2024/
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