From The Tribune
Center Owned by The Tribune TrustRenewable energy could save India USD 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 power replace imported fossil fuels, annual savings are projected to reach roughly USD 35 billion by 2030, a level that would exceed the country’s non‑coking coal and natural‑gas import bill for the 2024‑25 financial year. The agency adds that these savings would boost energy security and lower exposure to international fuel‑price volatility.
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What each side is saying
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center · 1 outlet
India's expanding renewable energy capacity could help the country save nearly USD 240 billion in cumulative coal and natural gas import expenditure by 2030, strengthening energy security and reducing exposure to international fuel price volatility, according to the International Energy Agency…
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right · 1 outlet
The proposed projects could enable domestic production of industrial inputs, create jobs and strengthen supply chains in coal-producing regions across India
RSS excerpt
India's expanding renewable energy capacity could help the country save nearly USD 240 billion in cumulative coal and natural gas import expenditure by 2030, strengthening energy security and reducing exposure to international fuel price volatility, according to the International Energy Agency…
