September 8, 2020 Read More →

World’s largest metro could run off 100% clean energy by 2050

Business Standard:

Finland’s Lappeenranta-Lahti University of Technology (LUT) and Delhi-based ‘Climate Trends’ in a new report on Tuesday established how northern India’s energy systems, comprising the world’s largest metropolitan area ‒ Delhi-NCR ‒ can be switched to 100 percent clean energy by 2050.

The study finds that greenhouse gas (GHG) emissions in northern India can be reduced from 825 metric tons of carbon-dioxide equivalent (MtCO2eq) in 2020 to zero by 2050 across all energy sectors as well as create five million new jobs.

Tim Buckley, Director of Energy Finance Studies with IEEFA, said, “It’s clear that solar is the least cost source of new energy supply and the outlook is for a continuation of some 10 percent annual deflation over the coming decade making the financial case ever stronger.” 

[Staff Report]

More: Switch to clean energy could employ 5 million north Indians by 2050: Report

Posted in: IEEFA In the News

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