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Is green energy and the energy transition an opportunity for India?
Absolutely. India has announced that it aims to reach net zero emissions by 2070 and for 50% of the power generation capacity to come from non-fossil sources by 2030. The government is also pushing EVs and green hydrogen, and is targeting 500GW of renewable or clean energy capacity by 2030.
Ultimately, transitioning to green energy is a large investment opportunity, but it¡¯ll take time. In the interim fossil fuels are going to be the majority share in energy needs until India transitions to green energy.