India expects five-fold growth in green investments by 2030

According to a report by an analytical company, green investment in India will grow fivefold to 31 trillion rupees (US$358 billion) between 2025 and 2030. The majority of these funds, 19 trillion rupees (US$219.89 billion), will be spent on renewable energy and energy storage systems. Another 4.1 trillion rupees (US$47.4 billion) will be spent on transport and automotive, and 3.3 trillion rupees (US$38.1 billion) on the oil and gas sector. 

These investments will be an important step towards India achieving zero-carbon targets by 2070. This will require around US$10 trillion of investment, according to the country's updated commitments under the Paris Agreement. This is reported by IANS, a partner of TV BRICS.

Among India's key targets are to reduce the carbon intensity of GDP by 45 per cent by 2030 from 2005 levels, and to increase the share of installed electricity capacity from renewable sources to 50 per cent. 

According to government data, India's installed renewable energy capacity reached 209.44 GW by December 2024, up 15.84 per cent from 180.80 GW in December 2023. For 2024, 28.64 GW of capacity has been added, which is 119.46 per cent higher than 2023 (13.05 GW). 

Photo: iStock