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Successful climate actions also need adequate financing." "Denying this energy would be denying life itself to millions. "Energy requirements of the people of India are expected to nearly double in the next twenty years," Modi said.
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2022, Indian Prime Minister Narendra Modi said he firmly believed that "environmental sustainability can only be achieved through climate justice."
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At the end of June, fossil fuels' share of India's total installed generation capacity stood at 58.5%, according to the Ministry of Power.Īt last year's COP26 climate change summit, India and China, both among the world's biggest burners of coal, insisted on a last-minute change of fossil fuel language in the Glasgow Climate Pact - from a "phase out" of coal to a "phase down." After initial objections, opposing countries ultimately conceded.ĭuring a speech delivered to The Energy and Resources Institute's World Sustainable Development Summit in Feb. On June 30, installed renewable energy capacity, excluding large hydro, stood at 114.07 GW, according to a recent statement from India's minister of state for new and renewable energy.ĭespite its renewable energy goals, India remains reliant on fossil fuels. India wants its renewable energy capacity - excluding large hydro - to hit 175 GW this year, a challenging target. India's Ministry of New and Renewable Energy says that, over the past seven and a half years, the country's solar capacity has increased from around 2.6 gigawatts to over 46 gigawatts. "Nearly all oil and gas produced on the Norwegian shelf is exported, and combined, oil and gas exceeds half of the total value of Norwegian exports of goods," it adds. "In recent years, Norway has supplied between 20 and 25 per cent of the EU and United Kingdom gas demand," Norwegian Petroleum says.
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