Beyond EVs: India’s lethargic clean energy transition needs greater focus

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Beyond EVs: India’s lethargic clean energy transition needs greater focus - Economic Times

Quick Summary:

There is a need to substantially increase the expenditure to enhance the capabilities of entities operating in the clean energy sector, thereby driving growth and sustainability, says experts and industry stakeholders.

Hardik Adhiya, Chief Operating Officer, Onix Group, says that capacity building in domestic manufacturing and renewable energy generation will build the energy transition pathway for the country to achieve the target to reach 500 GW of renewable energy by 2030.

To achieve sustainability and maintain competitiveness, India must accelerate its transition to cleaner energy sources, such as biofuels and lithium batteries, and rapidly upgrade its technology to drastically reduce its carbon footprint, experts and industry stakeholders urge.