he report, 'Creating Jobs and Cutting Bills: the economic opportunities of a clean energy transition', published by the 'We Mean Business Coalition' and Cambridge Econometrics, said India could witness eight dollars or 10 per cent reduction in per capita energy expenditure by 2025 when compared with business as usual scenario.
According to the report titled 'Accelerating India's Clean Energy Transition', about 103 GW of utility-scale renewable power generation projects and 11 GW of distributed renewable power generation projects are in the pipeline in India.
According to IISD and CEEW experts, new funding for clean energy is crucial to progress the transition that is already underway in India
From Rs15,740 crore in 2017, the total subsidy for renewable energy in India fell by nearly 45% to Rs8,577 crore in 2020, reveals a latest study, highlighting the need to increase financial support reach the goals for Aatmanirbhar Bharat and clean energy transition.
The entity will be headed by Serge Tismen and Shail Mehta, and will focus on companies including those involved in hydrogen, charging infrastructure, carbon capture and sequestration and biofuels.
Kerry, the Special Presidential Envoy for Climate, said he intends to work "very, very closely with" with Indian leadership including Prime Minister Modi and External Minister S Jaishankar.
"Shares of wind and solar would grow over time and differ by country or region"
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