Page 30 - Hitachi IR 2025

EXTERNAL OPERATING ENVIRONMENT
more sustainable; spur industrial
growth; increase job creation;
accelerate the adoption of renewable
energy; and reduce carbon
emissions. The government’s focus
on policy reforms in the power
sector are also aimed at attracting
investments and providing reliable,
quality and cost-effective supplies of
power to the consumers, thus paving
the way for sustainable energy for a
Viksit Bharat.
To become “net zero” by 2070, India
is diversifying its areas of focus within
renewable energy towards electric
mobility, energy storage, carbon
credits, and green hydrogen. Besides
tenders for solar, wind and hybrid
projects, the central government
is also considering different forms
of procurement of renewable
power from other sources, and to
meet peak hour requirements of
the DISCOMs.
India’s transition to cleaner energy by 2030
India's Nationally Determined Contributions Targets 2022:
Reduce emissions
intensity of its GDP
by 45% by 2030,
from 2005 level
Achieve about 50% cumulative
electric power installed capacity
from renewable energy sources
energy resources
India stands committed to put forward and further propagate a
healthy and sustainable way of living, based on traditions and
values of conservation and moderation, including through a mass
movement for ‘LIFE’– ‘Lifestyle for Environment’, as a key to
combating climate change.
India’s climate achievements & progress - 2025
• Reduced GHG emission intensity per unit of GDP
by 36% (2005 to 2020).
• India increased its installed
capacity from non-fossil
sources to 48%
(By March 2025).
• Forest and tree cover
increased to 25.17% of total
land area (2005-2021).
Source: https://pib.gov.in/PressReleaseIframePage.aspx?PRID=2092311
India’s climate change pledge
Indian Government makes five pledges
At the 26th session of the Conference of the Parties (COP) to the United Nations Framework Convention
on Climate Change held in Glasgow, United Kingdom, in 2022, India presented five elements of its climate
action plan:
•
India will increase its non-fossil energy capacity to 500 GW by 2030.
•
India will meet 50% of its energy requirements from renewable energy by 2030.
•
India will reduce the total projected carbon emissions by one billion tons from now to 2030.
•
By 2030, India will reduce the carbon intensity of its economy by 45% (from a previous target of 35%).
•
By 2070, India will achieve the target of net zero.
Source: https://pib.gov.in/PressReleasePage.aspx?PRID=1795071
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