Perspective: Investment in Green Technology

In this episode of the Perspective Prog. based on Investment in Green Technology. India has made significant commitments at COP26 towards climate action. These include fulfilling 50% of its energy requirement through renewable energy and bringing its non-fossil fuel energy capacity to 500 GW by 2030. All this will require huge investment in green technologies and big corporates are gearing up for this task. Solar and wind energy prices have fallen over 90% since 2000, incentivised by only modest subsidies. However, solar and wind energy are intermittent and cheap storage is needed for them to ensure power 24/7. New batteries and renewables are all set to power the world in a few decades based on commercial profitability. India’s 2030 vision of e-mobility includes 70 per cent of all commercial cars, 30 per cent of private cars, 40 per cent of buses, 80 per cent of two-wheelers and three-wheeler sales to be electric by 2030. This translates into more than 100 million Electric Vehicles and would require approximately 12.5 lakh crore rupees investment. Hydrogen is also emerging as an important source of energy since it has zero carbon content and is a non-polluting source of energy in contrast to hydrocarbons that have net carbon content in the range of 75–85 per cent. By moving to a hydrogen economy, India can not only reduce imports of oil, coal, and natural gas, but will also be able to export hydrogen to other countries in Europe and Asia.

1. Upendra Tripathy, Former and Founding Director General, International Solar Alliance
2. Prof. K. A. Subramanian, Dept. of Energy Science & Engineering, IIT Delhi
3. Guru Inder Mohan Singh, Director & COO, AMPLUS

Anchor: Vishal Dahiya

Producer: Amit Srivastav, Sagheer Ahmad

Follow us on: