IEA: India could save nearly $240bn via renewables by 2030
India could save nearly $240 billion on coal and natural gas imports by 2030 thanks to its big switch to renewables, according to the International Energy Agency (IEA).
By leaning into solar and wind power instead of coal and gas, India isn't just cutting costs: it's making its energy supply cleaner and more secure for the future.
IEA: India's policy consistency attracts investment
The IEA's chief calls India's approach a "how consistent policies can help drive down renewable energy costs and attract investment, offering valuable lessons for other emerging economies," showing how clean energy can boost both sustainability and economic resilience.
With renewables expected to hit 530 gigawatts by 2030, mostly from solar, India's experience is being seen as showing how consistent policies can help drive down renewable energy costs and attract investment, offering valuable lessons for other emerging economies.
The catch? Keeping up with this momentum will mean steady investment in new infrastructure and storage technology.