India Aims for a Fivefold Increase in Clean Energy

Before leaving to attend the U.N. climate talks in Lima, Peru, India’s Environment Minister Prakash Javadekar said that India would be focused on boosting its renewable power capacity fivefold rather than cutting carbon emissions. With hundreds of millions without access to electricity, India cannot afford to reduce greenhouse gas emissions at the expense of economic growth, he added.

He said he was optimistic industrialized nations would agree to shoulder more of the burden to reduce greenhouse gas emissions, given that they had been polluting the atmosphere with fossil fuels for decades before developing nations did.

More than 60 percent of India’s installed 250 gigawatt capacity today comes from burning coal. India doubled its coal tax to 100 rupees per ton and will use the funds generated for projects that would boost the country’s solar power capacity to 100 gigawatts by 2020.

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Posted on by Gunjan Bagla
Gunjan Bagla
California-based management consultant Gunjan Bagla runs Amritt, a consulting firm helping American companies to succeed in India. Amritt is the trusted advisor for India market research, India business development, India market entry, Global Engineering, Global Technology Scouting, India R&D and Open Innovation. Gunjan is author of "Business in 21st Century India: How to Profit Today from Tomorrow’s Most Exciting Market" (Hachette Book Group, 2008), Amazon's top rated title on the subject. He has appeared as the India Expert on BBC Television, Bloomberg TV, Fox Cable Business and has been quoted in the New York Times, the Los Angeles Times, the Hollywood Reporter and Business Week for his expertise on India.

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