POWER India's actions in consonance with committed global average temperature targets: Energy minister R K Singh India’s actions are in consonance with the target of holding the increase in the global average temperature to below 2°C above pre-industrial levels, power and renewable energy minister R K Singh said. Singh said India will finalise its energy compacts going forward based on its target of 450 GW renewable energy capacity by 2030, focusing on solar, wind and bio-energy; storage systems, green hydrogen and international cooperation through the International Solar Alliance. One of the key outcomes of the High Level Dialogue on Energy 2021 will be ‘Energy Compacts’. Energy Compacts are voluntary commitments from Member States and non-state actors like companies, regional/local governments, non-
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governmental organisations (NGOs) and others. These stakeholders commit to an Energy Compact that includes the specific actions they commit to take to support progress on Sustainable Development Goal (SDG-7). With about ten years left for the global target for ensuring access to affordable, reliable, sustainable and modern energy for all under the SDG- 7, there is need for strong political commitments, and innovative ways of expanding energy access, promoting renewable energy and increasing energy efficiency, he said.
Govt, industry need to ensure regulations don't hamper investment: Power Secy The government and industry must work together to ensure existing regulations are not unnecessary barriers to investment, Union Power Secretary Alok Kumar said at a virtual two-day
