Renewables Set to Dominate: 65% by 2030, 90% by 2050
POWER & RENEWABLE ENERGY

Renewables Set to Dominate: 65% by 2030, 90% by 2050

During the inauguration of the Sixth Assembly of the International Solar Alliance (ISA), Union Power and New & Renewable Energy Minister R K Singh shared an optimistic vision for the future of renewable energy. He stated that renewable energy sources have the potential to supply 65 per cent of the world's total electricity by 2030 and could decarbonise up to 90 per cent of the power sector by 2050. Singh emphasised the importance of transitioning to clean energy, particularly in the context of the G20 Summit, which highlighted the urgent need for such a shift.

Singh, who also serves as the president of ISA, extended an invitation to member countries, ISA Partner Organisations, and other entities to collaborate with ISA in driving transformative change. The overarching goal of ISA, as he explained, is to create a sustainable world by promoting solar energy solutions. He stressed the objective of tripling global renewable energy capacity by 2030 and aligning these efforts with the established targets and policies of various countries, including the incorporation of zero and low emission technologies. Furthermore, he encouraged the adoption of blended finance and risk-sharing mechanisms in the renewable energy sector.

In the same event, Chrysoula Zacharopoulou, the Co-President of the Assembly and France's Minister of State for Development, Francophonie, and International Partnerships, praised ISA as a crucial initiative in the fight against climate change. She highlighted the organisation's progress in becoming an efficient and results-oriented entity actively implementing its programs on a global scale, significantly impacting the global solar energy landscape.

Ajay Mathur, the Director General of ISA, noted the encouraging 12 per cent annual growth rate in clean energy investments since 2020, primarily driven by solar and wind power projects. However, he pointed out that this surge in investment is concentrated in a limited number of countries, leaving many developing economies, especially in Africa, underserved.

The inauguration ceremony of the sixth ISA Assembly brought together ministers from 20 countries, delegates from 116 Member and Signatory countries, and representatives from 18 prospective countries, demonstrating a global commitment to advancing renewable energy and combating climate change.

During the inauguration of the Sixth Assembly of the International Solar Alliance (ISA), Union Power and New & Renewable Energy Minister R K Singh shared an optimistic vision for the future of renewable energy. He stated that renewable energy sources have the potential to supply 65 per cent of the world's total electricity by 2030 and could decarbonise up to 90 per cent of the power sector by 2050. Singh emphasised the importance of transitioning to clean energy, particularly in the context of the G20 Summit, which highlighted the urgent need for such a shift. Singh, who also serves as the president of ISA, extended an invitation to member countries, ISA Partner Organisations, and other entities to collaborate with ISA in driving transformative change. The overarching goal of ISA, as he explained, is to create a sustainable world by promoting solar energy solutions. He stressed the objective of tripling global renewable energy capacity by 2030 and aligning these efforts with the established targets and policies of various countries, including the incorporation of zero and low emission technologies. Furthermore, he encouraged the adoption of blended finance and risk-sharing mechanisms in the renewable energy sector. In the same event, Chrysoula Zacharopoulou, the Co-President of the Assembly and France's Minister of State for Development, Francophonie, and International Partnerships, praised ISA as a crucial initiative in the fight against climate change. She highlighted the organisation's progress in becoming an efficient and results-oriented entity actively implementing its programs on a global scale, significantly impacting the global solar energy landscape. Ajay Mathur, the Director General of ISA, noted the encouraging 12 per cent annual growth rate in clean energy investments since 2020, primarily driven by solar and wind power projects. However, he pointed out that this surge in investment is concentrated in a limited number of countries, leaving many developing economies, especially in Africa, underserved. The inauguration ceremony of the sixth ISA Assembly brought together ministers from 20 countries, delegates from 116 Member and Signatory countries, and representatives from 18 prospective countries, demonstrating a global commitment to advancing renewable energy and combating climate change.

Next Story
Infrastructure Urban

Canal Water Boost for Mudki

In a significant push for public health and urban development, MLA Rajneesh Dahiya has announced a Rs.280 million canal water supply project for Mudki town in the Ferozepur Rural constituency. The initiative aims to provide clean drinking water to every household within Mudki’s municipal limits. Speaking about the development, Dahiya said the project falls under the Centre’s AMRUT (Atal Mission for Rejuvenation and Urban Transformation) scheme and is being carried out with the support of Punjab Chief Minister Bhagwant Singh Mann and Local Government Minister Dr. Inderbir Nijjar. “This ..

Next Story
Infrastructure Transport

6 Tunnel Boring Machines Idle in Chennai

Six tunnel boring machines (TBMs) deployed by the Chennai Metro Rail Limited (CMRL) are currently lying idle beneath city roads, stuck in limbo due to delayed construction of underground stations at Moolakadai, Perambur, and Mandaveli. The TBMs, launched as part of Corridor 3 of the Phase II Metro project from Madhavaram to SIPCOT, have reached their designated stations but are unable to proceed as the station boxes are incomplete. Without a completed diaphragm wall or station box, the machines cannot break through or be dismantled for reuse. According to CMRL officials, the root of the dela..

Next Story
Infrastructure Transport

Mumbai Metro 3 Nears Launch

The Mumbai Metro Rail Corporation shared a sneak peek of the newly completed Acharya Atre Chowk station on Metro Line 3 (Aqua Line) this Sunday, drawing both praise and impatience from the public. Located on the 9.77 km stretch between Bandra Kurla Complex (BKC) and Worli, the underground station is part of a long-anticipated corridor that promises to ease traffic and boost east-west connectivity. The social media update, posted by the handle @MumbaiMetro3, featured images of the station’s sleek new interiors. But the post quickly sparked a flurry of comments, with several users demanding c..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?