Piyush Goyal the Finance Minister said that Indias capacity has grown over 10 times in last five years and so has the usage of green technologies, including E-vehicles.
Our commitment to promote renewable energy is reflected in setting up the International Solar Alliance. This sector is now creating lakhs of new jobs, the Minister said while presenting the interim Budget 2019-20 in the Lok Sabha.
"India will lead the world in transport revolution through electric vehicles and energy storage devices bringing down import dependence and ensuring energy security for our country.
When the country will not have to import fuel and gas from abroad, there will be rapid growth in sources of Renewable Energy.
When people will start using electric vehicles, Iam sure it will save foreign currency and the nation would become self reliant, Goyal added.
But climate activists said the budget has nothing for cleaning the air and polluted rivers as well as the pollution in cities.
Even the latest 2018 Brown to Green report of climate Transparency that partners with the Indian non-profit, The Energy and Resources Institute (TERI), warns that Indias sectoral policies are still falling short of being consistent with the 2015 Paris Climate Change Agreement, but the countrys ambitious policy on renewable electricity is a promising sign
Based on the implemented policies, Indias greenhouse gas emission were expected to increase to a level of 4,469 to 4,570 MtCO2e (metric tones of carbon dioxide equivalent) by 2030, excluding forestry.
This emission pathway was not compatible with a 2 degree Celsius scenario.
According to India Cooling Action Plan draft, there is a plan to cut off cooling demand by 20-25 % by 32037, thus curbing a source of huge growth in electricity demand.
The total renewable energy installation in India reached 75 GW by September 2018, representing 21 % of total installed capacity and generating a record high of 11.9 % of all electricity in the September 2018 quarter.