Indian Economy News

Huge market for clean energy technologies emerging in India: PM Modi

  • IBEF
  • June 29, 2022

On June 27, Prime Minister Mr. Narendra Modi said a huge market for clean energy technologies was emerging in India, calling G-7 countries to invest in research, innovation, and manufacturing in this field, while addressing a session on 'Investing in a better Future: Climate, Energy, Health' at the G7 Summit in Germany.

He stated that while 17% of the world’s population resided in India, its contribution to global carbon emissions stood at only 5%.

"Our dedication to climate commitments is evident from our performance. We have achieved the target of 40% energy-capacity from non-fossil sources 9 years before time. The target of 10% ethanol-blending in petrol has been achieved 5 months before time. India has the world's first fully solar power operated airport. India's huge railway system will become net zero in this decade," said the Prime Minister.

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