Times of India·3 min read·medium

Investment in renewable energy cushioned Iran war blow: PM Modi

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ATUL MATHUR
Investment in renewable energy cushioned Iran war blow: PM Modi
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Prime Minister Narendra Modi credited India's investment in renewable energy for shielding the economy from the impacts of the West Asia crisis. He reiterated the goal of reaching 500GW of non-fossil energy capacity by 2030.

Why it matters

The statement underscores the strategic importance of energy independence for emerging economies facing global geopolitical instability.

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NEW DELHI: PM Narendra Modi said India's economic growth has remained high despite the West Asia crisis, whose impact would have been far more serious if the country had not invested in clean energy over the past decade.Commending India's progress in renewable energy sector, he said efforts were on to add 500GW of non-fossil energy capacity over the next 10-11 years. The PM also pitched for a "clean cooking movement" to reduce dependence on imported gas.Speaking at the inauguration of Bharat Renewable Energy Summit at Bharat Mandapam Monday, Modi said the ongoing energy crisis had underlined the link between energy security and economic security, making it imperative for countries to reduce dependence on fossil fuels."This global crisis has given every country a clear message that energy security is directly linked to economic security.

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