Clean energy to create 1.5cr jobs in India

Transition to clean energy may create 1.5 crore new jobs in the country by 2025 and increase savings on electricity bills, according to a new report released ahead of the G-7 leaders’ summit said on Thursday. It projects US$8 or 10% reduction in per capita energy expenditure by 2025, US$34 or 31% by 2030 and US$74 or 52% by 2035.

A report published by the We Mean Business Coalition and Cambridge Econometrics, suggested that the governments set out national action plans this year to eliminate all fossil fuel subsidies by 2025. It asked G-7 nations to phase out domestic coal-fired power generation by 2030 & shift to renewable ways to procure power. It also urged them to commit to 100 per cent sales of zero emissions by 2035 for new light duty vehicles

“With heatwaves hitting communities across the world, the climate emergency is more evident than ever. People want to see solutions now,” Maria Mendiluce, CEO, We Mean Business Coalition, stated.