The Prime Minister, Shri Narendra Modi addressed a webinar on 'Energy for Sustainable Growth' today. This is ninth webinar in the series of post-budget webinars addressed by the Prime Minister.

The Prime Minister said that 'Energy for Sustainable Growth' not only resonates with the Indian tradition but is a pathway to achieve future needs and aspirations. He said that sustainable growth is possible only through sustainable energy sources. The Prime Minister reiterated his commitment made at Glasgow to reach Net Zero by 2070. He also mentioned his vision of LIFE pertaining to an environmentally sustainable lifestyle. India is providing leadership in the global collaborations like International Solar Alliance. He also talked of target of achieving 500 gigawatt non-fossil energy capacity and achiving 50 per cent of installed energy capacity through non-fossil energy by 2030. “Whatever targets India has set for itself, I do not see them as a challenges but as opportunity. India is moving with this vision in last few years and the same has been taken forward at policy level in this year’s budget”, he said. This budget has announced 19.5 thousand crore for high-efficiency solar module manufacturing which will help in making India a global hub for manufacturing and R&D of solar modules and related products.

Referring to recently announced National Hydrogen Mission, the Prime Minister said India can become hub of green hydrogen given its inherent advantage in the form of abundant renewable energy power. He asked for private sector efforts in the area.

Shri Modi also pointed towards challenge of energy storage which has received significant attention in the budget. “Provisions have also been made in this year's budget regarding battery swapping policy and inter-operability standards. These will reduce the problems faced in the use of electric vehicles in India,” he said.

The Prime Minister emphasized that a.