Sumant Sinha, the creator and chief executive officer of ReNew Energy, expresses that Prime Minister Narendra Modi and his administration have completely transformed the mindset surrounding climate change in India. In an exclusive interview on Leaders With Lacqua Goes Green on Bloomberg Television, Sinha states that India spends a staggering $200 billion annually on imported fossil fuels, which poses a significant vulnerability to the country’s economy. He further elaborates, “The government is well aware of this issue.” Sinha highlights Modi’s efforts in promoting the use of renewable energy sources as a means to achieve energy independence. (Source: Bloomberg)
India’s reliance on imported fossil fuels has long been a concern for its economy. However, with the current government’s focus on renewable energy, the country is taking significant steps towards reducing its dependence on these costly imports. Sinha, who has been at the forefront of India’s renewable energy sector, praises Modi’s efforts in bringing about this change. He explains that the Prime Minister has been actively pushing for the adoption of renewable energy sources to achieve energy independence.
During the interview, Sinha also sheds light on the staggering amount of money India spends on imported fossil fuels. He emphasizes that this is a major Achilles heel for the country’s economy and needs to be addressed urgently. With the rising global concerns over climate change, India’s reliance on fossil fuels not only poses an economic threat but also has severe environmental implications.
Modi’s government has recognized the need for a shift towards renewable energy sources and has taken significant steps in this direction. The Prime Minister has been a strong advocate for clean energy and has set ambitious targets for the adoption of renewable sources. Under his leadership, India has become one of the leading countries in the world in terms of renewable energy capacity.
Sinha also highlights the importance of energy independence for India. With the country’s growing energy demands, it is crucial to reduce its dependence on imported fossil fuels. The use of renewable energy sources not only helps in achieving this goal but also has a positive impact on the environment. It reduces carbon emissions and promotes sustainable development.
In conclusion, Sinha’s interview sheds light on the changing mindset towards climate change in India, thanks to the efforts of the Modi government. The country’s reliance on imported fossil fuels has been a major concern for its economy, but with the push towards renewable energy, India is taking significant steps towards energy independence. Modi’s vision and efforts in promoting clean energy have put India on the global map as a leader in renewable energy adoption.