With 1.2 billion people, India represents the fourth-largest economy and the six largest energy consumers in the world. The demand for power has increased by 6,5% for the 2017 fiscal year, and it is estimated that India’s energy supply will need to double by 2020 and multiply by three to four times by 2031-32 to meet the future need. Up to the challenge, the Indian government has committed to reducing its emission intensity of the GDP by 20-25% by 2020, compared to the 2005 level and also to switch towards green energy by targeting a 100 GW of solar energy capacity installed in the country by 2020.
During the EU-India Summit in 2016, an India-EU Clean Energy and Climate Partnership was announced to reinforce cooperation on implementation of the Paris Agreement by strengthening joint activities for deployment of climate-friendly energy sources. Under the Clean Energy and Climate Partnership, the EU supports a wide range of initiatives for low carbon energy production, thereby contributing to the mitigation of global climate change.