The Union Minister for Power and New & Renewable Energy R. K. Singh has announced the setting up of a Centre for Energy Transition, as a collaborative initiative between the Government of India and The Energy and Resources Institute (TERI). The Minister made this announcement at the 23rd edition of the World Sustainable Development Summit (WSDS) being organized by TERI, in New Delhi on February 9, 2024. He said that the institute would be expected to play a pivotal role in identifying pathways for sustainable energy transition and fostering innovation in the renewable energy sector.
Addressing the summit delegates during a session on “Energy Transitions for People, Peace, Prosperity and our Planet”, the Union Minister emphasized India’s leadership in climate action and energy transition. He highlighted India’s remarkable progress and said, “44% of our power generation capacity is from non-fossil-fuel sources. About 180-plus GW of total capacity of 427 GW is from non-fossil-fuel sources, most of which is renewable capacity. Our rate of energy transition is unmatched. We are the only country issuing bids for round-the-clock renewable energy.”
Singh said that India is the only major economy, which has achieved both NDCs way ahead of schedule. “When neutral observers graded us, they rated India as the only major country whose energy transition actions are consonant with sub-2-degrees raise in global temperature,” added the Minister.
Singh underlined the need for a change in public discourse. “The developed countries developed using fossil fuels; 77% of legacy carbon emissions are caused by developed countries.”
He also said that the developed countries must realize that no country is going to compromise on their development trajectory.
