From The Economic Times
Center-Right Owned by Bennett, Coleman & Co.Renewable energy could save India $240 billion in coal, gas imports by 2030: IEA
What's behind this
The International Energy Agency says that expanding renewable energy capacity in India could save about USD 240 billion in cumulative coal and natural‑gas import costs by 2030. As solar and wind replace imported fossil fuels, annual savings are projected to reach roughly USD 35 billion by 2030, which would exceed the country's non‑coking coal and natural‑gas import bill for the 2024‑25 financial year. The IEA adds that these savings would boost energy security and lower exposure to international fuel‑price volatility.
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RSS excerpt
The savings are expected to increase as solar and wind power displace imported fossil fuels, with annual savings projected to reach around USD 35 billion by 2030, exceeding India's actual non-coking coal and natural gas import bill in the financial year 2024-25.
