India to overachieve UNFCCC 2030 target, share of non-fossil fuels to increase to 64 per cent by 2030

The percentage of non-fossil fuel in India’s electric power installed capacity is estimated to increase to 64 per cent in March 2030, according to a recent report by the Central Electricity Agency.

The report on optimal generation capacity mix for 2029-30 added that the percentage of non-fossil fuel in installed capacity stood at 49 per cent and 36.5 per cent in March 2022 and March 2019, respectively.

According to the Intended Nationally Determined Contribution (INDC) to the UN Framework Convention on Climate Change target, the goal is to achieve about 40 per cent cumulative electric power installed capacity from non-fossil fuel-based energy resources by 2030.

This is to be done with the help of transfer of technology and low cost international finance including from the Green Climate Fund.

ET Energy World
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