Union Minister R K Singh stated that renewable energy sources have the capacity to provide 65 per cent of the world’s entire electricity by 2030 and even up to 90 per cent by 2050. Singh, who is also president of ISA, stated that the recent G20 Summit in New Delhi also underscored the urgent need for a transition to clean energy

Speaking at the opening of the Sixth Assembly of the International Solar Alliance (ISA) on Tuesday, Union Power and New & Renewable Energy Minister R K Singh stated that renewable energy sources might provide up to 90 per cent  of the world’s electricity by 2050 and as much as 65 per cent by 2030.

“Renewable energy sources have the potential to supply 65 per cent of the world’s total electricity by 2030 and decarbonise 90 per cent of the power sector by 2050,” said Singh.

At now, he disclosed that over 80 per cent of the world’s population—roughly 6 billion people—lives in nations that import fossil fuels.

The last G20 Summit in New Delhi, according to Singh, who is also president of ISA, further highlighted the pressing need for a switch to renewable energy.

Singh extended an invitation to all participating nations, ISA Partner Organisations, and other organisations to collaborate with ISA in order to position it as a driving force behind revolutionary transformation.

“Our vision in mind when the ISA came into being was to create a sustainable world through the adoption of solar energy solutions,” he stated.

He emphasised that the goal is to triple the amount of renewable energy produced globally by 2030, in line with national policies and targets. The goal also involves expanding aspirations to include low- and zero-emission technologies, adopting more blended finance, and providing risk-sharing facilities for the renewable energy industry.

“let us approach this Assembly Session with a sense of duty, purpose, and optimism. I am confident that together, we can rise to the challenges of climate change before us,” said Singh.

“As a critical initiative to fight climate change, the International Solar Alliance has made progress towards being an efficient and results-oriented organisation that is actively engaged in implementing its programmes on a global scale, significantly impacting the worldwide solar energy landscape”  said The Co-President of the Assembly, Chrysoula Zacharopoulou, France’s Minister of State for Development, Francophonie and International Partnerships.

“Encouragingly, investment in clean energy has seen a commendable 12 per cent annual growth rate since 2020, driven largely by solar and wind power projects,” said Ajay Mathur, Director General, ISA

However, he said that this surge in investment is primarily concentrated in a handful of countries, leaving many developing economies, particularly in Africa.

Ministers from 20 countries and delegates from across 116 Member and Signatory countries and 18 prospective countries joined the inaugural ceremony of the sixth ISA Assembly.