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INDIA-JAPAN @2030 CONCLAVE

Business Today India|January 07, 2024
At the second India-Japan Conclave in New Delhi, experts, policymakers and cultural ambassadors converged to explore avenues for enhancing trade, economic and strategic ties between the two nations. The following pages feature edited excerpts from these discussions
INDIA-JAPAN @2030 CONCLAVE

MAKING OF A BIG ENERGY LEAGUE

India is committed to reducing its carbon emission by 45 per cent by 2030 while underlining clean energy partnerships with Japan

ENERGY VISION PARTNERING FOR A NEW WORLD
R.K. Singh Union Minister of Power, and New and Renewable Energy

India has to fulfil its commitments to cut emission intensity by 45 per cent by 2030, eventually paving the way for achieving the long-term goal of reaching net zero by 2070. And to strengthen the foundation, Union minister for power, and new and Renewable Energy R.K. Singh said the country is expanding its footprint of energy generation via using solar and wind energies and building capacities and ecosystems for green hydrogen. Conventionally, Japan has remained interested in India’s push for renewables and has been investing in equities and sharing big-ticket technologies. Here, the minister throws light on India’s clean energy partnership with Japan, its commitment to cutting carbon emissions and expectations from the developed world.

COMMON STRATEGIC INTEREST

Japan is a close and valued partner. Our strategic interests coincide and we have the same worldview... I’m quite sure that Japanese investments in the energy sector will increase.

INDIA’S COMMITMENT

We had committed that we would cut our emissions by 33 per cent even though our emissions are one of the lowest. And we achieved that in 2019. We have already raised our ambition. We further want to cut emissions intensity by 45 per cent by 2030. We shall achieve that. We have programmes for that.

EXPECTATIONS FROM BIG EMITTERS

This story is from the January 07, 2024 edition of Business Today India.

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This story is from the January 07, 2024 edition of Business Today India.

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