India has made a strong appeal for worldwide collaboration to assist developing countries in rapidly expanding their renewable energy capabilities, ensuring their economic growth goals remain on track. The call was made by Union Minister Pralhad Joshi during a major international gathering.
Minister's Address at Global Forum
Speaking at the 16th IRENA Assembly in Abu Dhabi, UAE, Union Minister for New and Renewable Energy, Pralhad Joshi, emphasized the critical need for a united global effort. The event, held on Sunday, served as a platform for Joshi to outline the shared challenges faced by emerging economies.
He stated that the worldwide shift towards cleaner energy sources demands levels of investment and partnership never seen before. For countries like India, the dual task of achieving development aspirations while transitioning to green energy is particularly complex and requires robust support.
The Staggering Scale of India's Green Ambition
Highlighting the sheer magnitude of the task, Minister Joshi revealed a staggering financial requirement for India alone. He pointed out that India is expected to need approximately $300 billion in investments by the year 2030 to meet its renewable energy capacity goals.
This enormous figure is not just a challenge but also represents a significant opportunity. The massive capital inflow required for solar, wind, and other clean energy projects is set to create vast prospects for international investors, technology providers, and green finance institutions.
A Call for Equitable Energy Transition
The core of Joshi's argument centered on fairness and shared responsibility in the global fight against climate change. He advocated for a cooperative framework where developed nations and international bodies assist developing countries in accessing finance, advanced technology, and knowledge.
This support is deemed essential to ensure that the pursuit of a sustainable future does not come at the cost of poverty eradication, job creation, and industrial growth in nations that are still building their infrastructure. The minister's remarks underscore India's position that the global energy transition must be inclusive and just, leaving no nation behind.
The statement from the Ministry of New and Renewable Energy (MNRE) confirms India's active role in shaping international dialogue on this crucial issue, positioning itself as a leader in the Global South's quest for a balanced and achievable green future.
