India is committed to achieve over 40% cumulative electric power installed capacity from non-fossil-fuel energy resources by 2030: Power Ministry

India is committed to achieve over 40% cumulative electric power installed capacity from non-fossil-fuel energy resources by 2030: Power Ministry

@MinOfPower

Power Ministry has said that India is committed to achieve more than 40 percent cumulative electric power installed capacity from non-fossil-fuel energy resources by 2030. The Ministry said, government has identified new areas to achieve higher levels of penetration of Renewable energy by proposing certain Amendments to Energy Conservation Act, 2001. 

The objective of this amendment is to enhance demand for renewable energy at the end-use sectors such as Industry, buildings and transport.

The Ministry has prepared amendments, after consultations with stakeholders. The proposal includes defining minimum share of renewable energy in the overall consumption by the industrial units or any establishment.

There will be provision to incentivise efforts on using clean energy sources by means of carbon saving certificate.

The proposed amendments will facilitate development of Carbon market in India and prescribe minimum consumption of renewable energy either as direct consumption or indirect use through grid. This will also help in reduction of fossil fuel based energy consumption and carbon emission to the atmosphere.