How is India advancing Advanced Energy Solutions?

As the world watches, India is progressing advanced energy solutions rapidly. India is setting ambitious targets for deploying advanced energy solutions such as clean hydrogen, energy storage and carbon capture. By 2030, it plans to invest over $35 billion annually in these areas.

What will India's energy future look like?

According to Jennifer Granholm, US Secretary of Energy, “In so many ways, the world’s energy future will depend on India’s energy future.” In line with this, the country is adopting ambitious goals for deploying solutions such as clean hydrogen, energy storage, carbon capture and sustainable aviation fuels.

How has India achieved its energy transition goals?

India has set bold ambitions and demonstrated remarkable progress on energy transition investment. For example, it surpassed its 2030 goal of achieving 40% of installed capacity from renewable energy sources nine years in advance.

What percentage of India's energy supply is coal?

The latest figures from the International Energy Agency also show that coal accounts for 45% of India’s total primary energy supply in 2022, up from 43% in 2020. Altogether, fossil fuel subsidies were five times greater than clean energy subsidies.

How will fossil fuels affect India's energy system?

This could put strains on its energy system, which for the moment relies heavily on imported fossil fuels, especially crude oil and natural gas. In tandem with this sharp rise in energy demand, carbon emissions in India could increase significantly over this period due to a growth in fossil fuel use for transport, power generation and industry.

How has India's energy policy changed in 2022?

The report, titled Mapping India's Energy Policy: A Decade in Action, reveals that subsidies for coal also rose by 17% over the same period. The latest figures from the International Energy Agency also show that coal accounts for 45% of India’s total primary energy supply in 2022, up from 43% in 2020.