India Will Explore All Feasible Sources To Achieve Energy Security: Power Minister

Union Minister for Power and New and Renewable Energy R K Singh on Sunday said India will not compromise with the present availability of energy base and will explore all feasible sources to achieve energy security.

Speaking at the first Energy Transitions Working Group (ETWG) Meeting in Bengaluru, the Minister said that India stands committed to reduce emissions intensity of GDP by 45 per cent by 2030 from 2005 level. 

He said, the country also aims to achieve close to 50 per cent cumulative electric power installed capacity from non-fossil fuel-based energy resources by 2030. 

Noting that India has been ranked amongst the top five performing countries in the Climate Change Performance Index, Singh informed that the country's per capita greenhouse gas emissions are far below the world average of 6.3 tCO2e in 2020. 

Various energy saving schemes of the Government have led to 267.9 million tonne of CO2 reduction per year, resulting in an estimated cost savings of USD 18.5 billion, he added.

The first ETWG Meeting under India's G20 Presidency focused on six major priority areas such as   Energy Transition through Addressing Technology Gaps; Low-cost Financing for Energy Transition;  Energy Security and Diversified Supply Chains; Energy Efficiency, Industrial Low Carbon Transitions and Responsible Consumption;  Fuels for Future (3F) and Universal Access to Clean Energy and Just, Affordable, and Inclusive Energy Transition Pathways.