A quarter of India’s demand for energy could be met through renewables by 2030.
That’s according to a new report from the International Renewable Energy Agency (IRENA), which suggests unlocking the nation’s green power potential is necessary to ensure clean energy for generations to come and enable the country to fulfill its Paris Agreement pledges.
The group suggests biofuels would play the biggest role, accounting for 62% of all energy use across a range of sectors including transport, generation and heating.
IRENA also argues increasing renewable deployment could save the economy 12 times more than it costs, in terms of job creation, emission reductions and the health savings related to a cleaner environment.
Renewables will also bolster much needed energy access during a period of increasing urbanisation and population growth.
The report predicts investments in renewable energy capacity must more than double to maximise potential in the country.
IRENA Director-General Adnan Z. Amin said: “India possesses a wealth of renewable resources, particularly for solar and bioenergy development, which can help meet growing energy demand, power economic growth and improve energy access, as well as boost overall energy security.”