India Will Keep Investing in Renewable Energy, Says Finance Minister Sitharaman

India Will Keep Investing in Renewable Energy, Says Finance Minister Sitharaman

February 16, 2026

New Delhi/Munich – Finance Minister Nirmala Sitharaman reaffirmed India’s commitment to expanding its clean energy transition, saying the country will continue to invest in renewable energy and build on its existing policy and financial support for green power at an international forum in Munich. She highlighted that India has already met two-thirds of its nationally determined renewable commitments well ahead of schedule, underscoring the government’s focus on clean energy as part of its climate strategy.

Speaking at the Munich Security Conference, Sitharaman noted that India has significantly increased spending on climate action, with expenditures rising from around 3.7 % to close to 5.6 % of GDP over the past six years, and that continued investment in renewables is central to the country’s sustainable growth objectives. She also said that carbon capture technologies are being funded under the Union Budget 2026–27 to support clean energy goals.

The minister emphasized the importance of strengthening resilience and adaptation efforts alongside emissions control, pointing out that the transition to clean power is not merely about switching energy sources but also about building systems capable of withstanding climate impacts. India’s expanded financial backing for renewable projects and related technologies reflects its broader climate commitments, including meeting its 500 GW non-fossil energy target by 2030 and ultimately achieving net zero emissions by 2070.