Economics
Ambani Sees India Exporting $500 Billion of Green Energy by 2042
- India has set itself a net carbon zero target of 2070
- Reliance plans to invest $76 billion in clean energy projects
Mukesh Ambani
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
Mukesh Ambani, Asia’s richest person, expects India to emerge as a leader in renewable energy with overseas sales of $500 billion in two decades.
“I have absolutely no doubt that India can, and India will emerge as a global new energy leader,” Ambani, the chairman of Reliance Industries Ltd., said at an event Wednesday, predicting that the country’s green energy exports have “the potential of half a trillion dollars.” He did not elaborate on how this would be achieved.