According to Pralhad Joshi, India’s renewable energy power generation increased by 86% from 193.5 BU to 360 BU since 2014. Speaking at the ‘Hamburg Sustainability Conference’ in Germany, the minister highlighted India’s role as a global advocate for a sustainable energy future that matches our growth goals and environmental duties.
He informed the audience that under Prime Minister Narendra Modi’s guidance, India has experienced a significant growth in its renewable energy capacity, increasing by 175 percent from 75 GW to more than 208 GW.
Minister Pralhad Joshi also highlighted that India’s leadership in global efforts against climate change through solar energy is showcased by the International Solar Alliance, backed by more than 100 countries. He stated that India is progressing substantially in the eco-friendly shipping industry, with the goal of being one of the leading 10 shipbuilding countries by 2030 and one of the top five by 2047.
Pralhad Joshi initiated a journey to Germany on October 6 for a three-day trip, where he will conduct several bilateral meetings to enhance collaboration in sustainable development, Green Hydrogen, affordable finance, and components of the renewable energy value chain. Speaking at the conference, the Minister emphasized India’s move towards renewable energy and acknowledged the country’s major achievements in this transition.
Pralhad Joshi highlighted that India, despite having the lowest per capita emissions in the G20 nations, is the sole country in the group to have achieved its climate goals early. He reiterated that while energy security and access are top priorities for India, they have not impeded the country’s dedication to transitioning to clean energy on both domestic and international levels. Minister Pralhad Joshi highlighted the importance of the maritime industry in international trade and its influence on greenhouse gas emissions while discussing Green Shipping.
“As we move closer to reaching net-zero emissions, the importance of sustainable maritime transport is increasing significantly. The minister stated that India is making great progress in the eco-friendly shipping industry due to government efforts, technological progress, and global partnerships.
The NGHM, kicked off with a budget of $2.4 billion, seeks to generate 5 MMT of green hydrogen each year by 2030, drawing in over $100 billion in funding and generating over 600,000 jobs. Pilot projects funded by the NGHM will generate 5 million metric tonnes (MMT) of green hydrogen per year by 2030, drawing in over $100 billion in investments and generating more than 600,000 jobs. Pilot initiatives funded by the NGHM, with a budget of $14 million, are currently investigating the application of green hydrogen in the maritime industry. Our focus is on converting current ships to run on green hydrogen or its byproducts. Pralhad Joshi mentioned that the Shipping Corporation of India is currently converting two vessels to operate on green methanol.