Page 72 - Policy Economic Report - September 2026

POLICY AND ECONOMIC
OIL & GAS MARKET

offsetting the Intra-State transmission charges and thus keep the power costs down. Thus, the
Government support will ultimately benefit the end users – the citizens of India.

All Greenfield projects under the InSTS component will be implemented through Tariff Based
Competitive Bidding (TBCB) mode, while brownfield upgradation and network strengthening works
will be executed under Cost Plus Basis (CPB). The State Transmission Utilities will be the overall
implementing agency, and Transmission Service Providers (TSPs) will participate under TBCB on a
Build-Own-Operate-Maintain (BOOM) model.

The scheme will help in achieving the target of 900 GW installed Non-Fossil capacity by 2035. The
scheme will also contribute to long term energy security of the country and promote ecologically
sustainable growth by reducing carbon footprint. It will generate large direct & indirect employment
in the power sector, manufacturing, and construction industries. Battery Energy Storage System
(BESS) manufacturing and deployment will additionally generate employment in the domestic energy
storage industry. The scheme will also generate long-term skilled employment in operation,
maintenance, and grid management across participating States.

15. Union Minister of State Shri Kirti Vardhan Singh launches India’s Net Zero Portal and NAPCC
Dashboard on World Ozone Day 2026

Union Minister of State for Environment, Forest and Climate Change, Shri Kirti Vardhan Singh,
launched India’s Net Zero Portal and the National Action Plan on Climate Change (NAPCC) Dashboard
on the occasion of World Ozone Day 2026 in Mumbai. The two digital initiatives mark an important
step towards strengthening transparency, coordination and evidence-based climate action. The Net
Zero Portal provides a national platform for voluntary Net Zero commitments by entities, while the
NAPCC Dashboard enables consolidated monitoring of progress across the National Missions on
climate change.

The Net Zero Portal is a centralised digital platform for voluntary registration and disclosure of Net
Zero commitments by Indian entities across sectors. Participating entities can disclose their
greenhouse gas (GHG) emissions, declare Net Zero targets and provide annual progress updates.
Entities are encouraged to report Scope 1 and Scope 2 emissions, while reporting of Scope 3 emissions
remains voluntary. The Portal also enables entities to outline pathways towards Net Zero, including
measures related to clean energy transition, energy efficiency, technological interventions and carbon
removals, as applicable.

The initiative brings voluntary climate actions onto a common platform, enhances transparency and
encourages credible long-term climate planning. Entities successfully declaring their Net Zero targets
will receive an acknowledgement from the MoEFCC. Public access to declarations by participating
entities, organisations and industries will also create a consolidated repository of voluntary Net Zero
actions in the country.

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