New Report by RMI identifies how India is exhibiting the best way towards a brand new, environment friendly, industrial financial system.
NEW DELHI, Could 26, 2025 /PRNewswire/ — RMI has launched a brand new report, Empowering India: The Clear Power Development Alternative, which reveals how India is assembly its quickly rising electrical energy demand with inexpensive, clear and environment friendly renewable vitality.
Power demand in India might triple by 2050, particularly given the necessity for house cooling in a warming world. This new assortment of analysis by RMI highlights how India is transferring away from fossil fuels and import dependence to fulfill rising vitality demand with clear applied sciences—all whereas decreasing prices, rising jobs, scaling home manufacturing, and rising competitiveness. Via coverage and innovation, India has made progress towards a clear vitality system at outstanding pace, scale, and financial savings.
Learn the report right here: https://rmi.org/perception/empowering-india/
Key findings embrace:
- India is about to develop and construct greater than every other area — together with almost half the world’s development in annual metal manufacturing. With 3x as a lot car journey and 9x as many air conditioners, India’s electrical energy demand might triple by 2050.
- This development is an unparalleled alternative to construct proper the primary time. In contrast to in the USA or Europe, almost all of India’s midcentury constructing inventory has but to be constructed. Rising effectively and cleanly builds resiliency and creates a aggressive benefit.
- Fossil fuels are costly to import — costing 5% of the nation’s GDP. However renewable vitality is available, and India is already reaching self-sufficiency within the manufacturing of photo voltaic modules, wind turbines, and battery cells. India’s largest renewable vitality mission below development is almost 4 instances the dimensions of the most important mission in the USA or Europe.
- In current months, electrical energy from new photo voltaic + storage has turn into cheaper than new coal, and new photo voltaic by itself has turn into cheaper than present coal energy crops.
- Regardless of the unbelievable alternative, India receives solely 4% of world clear vitality funding. If the finance catches up, India’s transition might save extra emissions by midcentury than Europe and North America mixed — whereas charting the best way for rising economies all over the world.
About RMI:
Rocky Mountain Institute (RMI) transforms world vitality programs by market-driven options to safe a affluent, resilient, clear vitality future for all. RMI works with companies, policymakers, and communities to scale renewable vitality options, cut back vitality waste, and increase entry to inexpensive clear vitality.
Media Contact:
Leah Komos
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