It also announced to start a Production Linked Incentive Scheme which will help in adding 10 GW solar PV manufacturing capacity by 2025. India’s commitments were the part of new multi-billion-dollar commitments that countries made in order to increase renewables and access to electricity & clean cooking technologies at the critical summit.
The summit was aimed at boosting efforts towards reducing the ranks of about 800 million people living in energy poverty. It also seeks to set the world on a trajectory towards net-zero-emissions by 2050. India also announced to establish a 15 MMT production capacity of compressed biogas by 2024 and achieve 20 per cent ethanol blending in petrol by the year 2025-26. It seeks to enhance energy efficiency in agriculture, industry, buildings and transport sectors besides promoting energy-efficient appliances & equipment in a bid to reduce India’s emissions intensity of GDP by 33-35 percent by 2030.
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