RENEWABLE ENERGY

Union Budget 2024: Renewable Energy Horizon and Expectations

The Union Budget for 2024, presented by Finance Minister Nirmala Sitharaman on 23rd July 2024, strongly emphasises renewable energy. The government has introduced several measures to boost clean energy development, particularly in the solar, wind, and hydropower sectors. These initiatives aim to achieve India's environmental targets, including achieving 500 GW of non-fossil fuel energy capacity by 2030 and ensuring that at least 50% of its electricity requirements are met from renewable sources. The long-term impact of this shift is expected to bring considerable benefits to both the environment and the economy.

Focus on Renewable Energy in Union Budget 2024:

The 2024 budget places renewable energy at the forefront of India's development strategy. Several significant measures have been introduced to drive growth in this sector:

National Green ... Read More

Did you know?

  • On an average, 1.73 x 105 terawatts (TW) of solar radiation continuously strike the Earth, while global electricity demand averages 2.6 TWh.
  • Global investment in renewable power capacity totalled $303.5 billion in 2020, a 2 per cent increase from 2019. (International Energy Agency)
  • To reach global climate goals, annual investment in renewables must at least triple by 2030, for a total increase of 200 per cent. (International Energy Agency)
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International Solar Festival 2024: A Global Push for Sustainable Energy and International Collaboration

Prime Minister Narendra Modi highlighted India's progress in solar energy at the first International Solar Festival in New Delhi, noting a capacity of 14.9 GW and a 32-fold increase over the past decade. The event emphasized global cooperation in solar energy, aligning with Sustainable Development Goals and setting the stage for COP29 in Baku.

Prime Minister Narendra Modi delivered a virtual presentation to the first-ever International Solar Festival, which took place in New De... Read more


Photo Story

Recent flash floods across the towns and cities in the lap of Himalayan region brought forth destruction, devastation and disaster risks to the forefront. In this photo story we bring to you destruction at the school based on the manjhi river bank, vulnerability of poor household situated adjacent to river bank and reconstruction work post the flashflood in Bhagau Nag area of dharamshala.