India's Renewable Energy Sector and Green Energy Index Unaffected by Global Economic Slowdown

24 Dec 08

The global slowdown can be a tempting excuse for most to put ecological concerns on the furlough. But India is moving purposefully towards sustainable development, understanding the fierce urgency for economically sound, socially equitable and environmentally responsible progress. At a time when renewables comprise just 11.5% of energy source in the United States, India stands tall with renewables accounting for 32% of total electricity generation capacity. Even China and Japan trail behind India at 21 and 20 per cent respectively. Recent reports suggest the share of renewables in the Indian electricity basket is expected to rise to 15 per cent by 2030 from less than five per cent currently.For developing countries like India, the global slowdown is an avenue for replacing archaic infrastructures and upgrading and building transportation, communication, energy and water systems in a sustainable manner.
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