The Indian government has announced ambitious plans to reach and surpass the 2027 renewable energy targets set in Paris last year.
As reported by The Guardian, a draft 10-year energy blueprint published this week predicts India will be generating 57% of its electricity from renewable sources by 2027. The Paris climate accord target was 40% by 2030.
The draft also indicated that no new coal-fired power stations were likely to be required to meet Indian energy needs until at least 2027, raising further doubts over the viability of Indian mining investments overseas, such as the energy company Adani’s Carmichael mine in Queensland, the largest coalmine planned to be built in Australia.
India’s energy minister, Piyush Goyal, has been appealing to wealthier nations to provide capital to invest in renewable energy projects to help the country reach and exceed the targets agreed in Paris in November 2015, reported The Guardian.
In the 2027 forecasts, India aims to generate 275 gigawatts of total renewable energy, in addition to 72GW of hydroenergy and 15GW of nuclear energy. Nearly 100GW would come from “other zero emission” sources, with advancements in energy efficiency expected to reduce the need for capacity increases by 40GW over 10 years.