Considering the fact that India is one of three countries that mutually contribute to more than 70 per cent of the global CO2 emissions, the step towards green energy transition was an imperative, and decisive action indeed. Besides saving the climate, India stands to save enormously from fossil fuel expenditure with the success of green energy revolution. By championing solar, India not just initiated an industrial reform, but positioned itself in the global energy market, standing to generate profit as the world phases out fossil fuel.
India’s recent success in reaching 10 GW of on-grid solar capacity has made the 100 GW by 2022 target a bit closer than before. India has done an incredible job improving, implementing, and acting on- mandating solar installation in Government buildings, net metering, leadership in International Solar Alliance, provisioning viability gap funding, raising tax free solar bonds, offering long tenure loans, aggressive ‘Solar Park’ development and other initiatives, generating momentum which helped India add 5 GW capacity in 2016 itself.
In the race to create a better lifestyle, secured economy, and progressive social structure, a handful of countries have fared better than the rest. The reason behind could be the impact of the industrial revolution, natural resource availability, social awareness, or plain and simple agile business tactics. But, the result definitely sets countries like US, UK, Germany, Japan, apart from the likes of India, Africa, Brazil, Indonesia.