India will see an increase in the number of jobs in the green energy industry

India’s renewable energy sector is seeing growth in green job creation opportunities, driven by recent government initiatives and the country’s commitment to climate change mitigation. Following the approval by the Ministry of New and Renewable Energy of 50 solar parks in 12 states with a total capacity of approximately 37,490 MW; the sector is set for significant growth. According to the International Renewable Energy Agency, India ranks among the top countries in the world in terms of installed renewable energy capacity, ranking fourth in wind capacity and fifth in solar capacity.

At COP26 in 2021, India committed to achieving ambitious goals under the ‘Panchamrit’ agenda. a commitment to achieve 500 GW of non-fossil energy capacity, generate half of all energy from renewable sources and reduce emissions by 1 billion tonnes by 2030. The country also aims to reduce the carbon intensity of GDP by 45% and achieve net zero emissions by 2070. Currently, approximately 44% of India’s energy comes from non-fossil sources, and this figure is expected to increase to 65% by 2030.

The shift to green energy is driving demand for skilled professionals, with research suggesting India could generate 35 million green jobs by 2047. The renewable energy sector has seen significant job growth, with the solar and wind sectors alone employing almost 53 in the country 000 employees. project development roles in 2021-22. The development of solar energy production capacity, ultimately up to 220 GW by 2030, creates additional employment opportunities.

Key players in the renewable energy sector such as AdSolar, Tata Solar Power, Vikram Solar and Emmvee are driving innovation and job growth. AdSolar’s ambitious solar power production ecosystem in Mundra, Gujarat aims to create over 13,000 green jobs. Similarly, Tata Solar Power employs around 1,000 people and has delivered over 3 GW of solar modules globally. Vikram Solar and Emmvee are also expanding their production capacity, contributing to job creation.

The share of renewable energy in India’s installed capacity is growing, with solar alone accounting for 18.66% and overall renewable energy contributing 32.69%. Policy reforms and production incentives are expected to further boost local production of organic products. India’s focus on sustainable living through initiatives such as the LiFE Mission and global leadership in initiatives such as the International Solar Alliance position it as a key player in shaping global green economic growth.

These trends indicate that India has the potential to unlock significant economic value, estimated at $1 trillion by 2030 and $15 trillion by 2070, through green initiatives and renewable energy development. (Source: ET)