US President Barack Obama praised Indian Prime Minister, Narendra Modi's ambitious plan to increase the country's renewable energy capacity at the G20 Leader's Summit. Obama stated that the plan combines concern for the environment and opening up opportunities for furthering global growth through new investments in renewable sources and new employment opportunities. India's renewable energy plan includes adding 175GW of renewable energy capacity by 2022, cutting subsidies on fossil fuel and tax on coal and a National Clean Energy Fund of $7.5 per cent to promote clean technologies.
US President Barack Obama praised Indian Prime Minister, Narendra Modi's ambitious plan to increase the country's renewable energy capacity at the G20 Leader's Summit. Obama stated that the plan combines concern for the environment and opening up opportunities for furthering global growth through new investments in renewable sources and new employment opportunities. India's renewable energy plan includes adding 175GW of renewable energy capacity by 2022, cutting subsidies on fossil fuel and tax on coal and a National Clean Energy Fund of $3bn to promote clean technologies.