Underlining India’s commitment to reduce its carbon footprint, Finance Minister Nirmala Sitharaman today proposed several near-term and long-term actions, including an additional allocation of Rs 19,500 crore for Production Linked Incentive (PLI) for manufacturing high-efficiency modules for achieving the goal of 280 GW of installed solar capacity by 2030.
The risks of climate change are the strongest negative externalities that affect India and other countries, she said, stressing that low carbon development strategy was an important reflection of the government’s strong commitment towards sustainable development. “To facilitate domestic manufacturing for the ambitious goal of 280GW of installed solar capacity by 2030, an additional allocation of Rs 19,500 crore for Production Linked Incentive for manufacturing high-efficiency modules,
