Nagpur: India’s total installed solar power capacity would need to increase to 5,630 gigawatt (GW) to achieve net-zero target by 2070. Also, the transition to net-zero could cost India 4.1% of its gross domestic product (GDP) in 2070, says an independent study released on Tuesday by the Council on Energy, Environment and Water (CEEW).
At present, the country has 100 gigawatt (GW) of installed renewable energy capacity of which solar comprises 40 GW. The government aims to enhance the clean energy capacity to 450 GW by 2030.
The first-of-its-kind study titled ‘Implications of a Net-zero Target for India’s Sectoral Energy Transitions and Climate Policy’ also stated that to achieve net-zero by 2070, usage of coal, especially for power generation, would need to peak by 2040 and drop by 99% between 2040 and 2060.
