TNPSC Thervupettagam

Low-cost finance for the energy transition report

June 9 , 2023 293 days 324 0
  • The International Renewable Energy Agency released the ‘Low-cost finance for the energy transition’ report.
  • Renewable power generation technologies, notably solar photovoltaic and onshore wind power, have become mature and competitive.
  • Offshore wind, hydrogen electrolysers, energy storage and heat pumps, need to be deployed at faster speeds, and greater scales.
  • It has praised India’s achievement in rolling out renewable energy capacity, calling it “unprecedented”.
  • India ranked third on the Renewable Energy Attractive Index in 2021.
  • Its solar and wind power base is the fourth largest in the world.
  • India would need $ 10 trillion to meet its 2070 net-zero target.

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