PM Modi inaugurates India Energy Week 2024: Nation poised to lead global energy transition
New Delhi : Prime Minister Narendra Modi inaugurated the second edition of India Energy Week 2024 today, emphasizing India's commitment to a sustainable energy future and its potential to become a global leader in the transition. The event, touted as India's largest and most comprehensive energy exhibition and conference, brought together over 35,000 attendees, 350 exhibitors, and 400 speakers from over 100 countries.
India's Growth Story Hinges on Sustainable Energy:
Highlighting India's impressive economic growth, PM Modi underscored the crucial role of the energy sector in its future trajectory. He emphasized meeting growing energy demand while ensuring affordability and environmental responsibility. Key points included:
India's third-largest energy consumer: Addressing rising demand, the government plans to double energy capacity by 2045.
Focus on green energy: India aims to achieve 40% non-fossil fuel capacity and 20% ethanol blending by 2025.
Leading the green hydrogen revolution: The National Green Hydrogen Mission positions India as a future hydrogen hub.
Renewable energy strides: With a 20x increase in solar capacity in the past decade, India ranks fourth in global renewable energy installation.
Collaboration for a Sustainable Future:
Calling India Energy Week a reflection of "India with the world and India for the world," PM Modi encouraged global collaboration and knowledge sharing. Key takeaways:
Global Bioenergy Alliance: This platform unites governments, organizations, and industries for biofuel utilization and economic opportunities.
Waste-to-wealth model: Transforming rural areas through clean energy generation and biogas plants.
Net-zero goal by 2070: India remains committed to its ambitious climate targets.
Investing in Green Opportunities:
PM Modi highlighted the vast investment potential in India's green energy sector, inviting global participation. Key areas include:
Solar rooftop program: Enabling self-reliance and grid integration for millions of households.
Infrastructure development: Budgetary allocation of 11 lakh crore rupees for energy-related infrastructure projects.
Circular economy: Integrating traditional reuse principles with modern energy solutions.
