Delhi, 15 February (HS): Indian Renewable Energy Development Agency Limited (IREDA) Chairman and Managing Director (CMD) Pradeep Kumar Das said in an international webinar organised by the World Bank that India needs to invest ?30 lakh during the years 2024?2030 to meet its COP climate responsibilities.
The latest South Asia development updates, “Towards Faster, Cleaner Growth,” were released at the event on Wednesday. During this, the CMD of IREDA underlined the need for adequate investment to meet India’s Nationally Determined Contribution (NDC) targets. He said that India has been a role model for renewable energy development across the world.
Describing the rooftop solar scheme launched by the Prime Minister as visionary, he said that the project, with an investment of more than ?75,000 crore, aims to equip one crore homes with solar energy by providing up to 300 units of free electricity every month. This initiative is set to take the rooftop solar sector in the country to unprecedented heights. The scheme will not only provide substantial benefits but will also increase awareness about renewable energy among the people at large, which will contribute to India’s ambitious goal of achieving net-zero emissions by 2070 and energy independence by 2047.
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