Renewables Replacing Conventional Energy to Cut Fossil Emission in India: Study

Due to the rapid growth in solar energy sector it is possible that the sector will garner a share of at least 48 percent in India’s electricity generation capacity by 2030, the study further finds.

India is making significant progress towards meeting climate commitments and is on course to surpass its Nationally Determined Contribution (NDC) targets before 2030, reveals a study by the Council on Energy, Environment and Water (CEEW).

Due to the rapid growth in solar energy sector it is possible that the sector will garner a share of at least 48 percent in India’s electricity generation capacity by 2030, the study further finds.

Titled as ‘Sustainable development, uncertainties, and India’s climate policy: Pathways towards Nationally Determined Contribution and mid-century strategy’ the study finds that the future belongs to non-fossil fuel energy sources.

However, everything comes at a cost. Here the country has to bear the price of integration which will increase as the share of solar and wind energy increases.

The economy and power generation sector of India has seen drastic change since 2015, main reason being the ramp-up of solar energy deployment, substantial decline in the costs of wind and solar-based electricity, and other developments in the sector.

The study further finds the cost of integrating variable renewable energy into the electricity grid as a key element of India’s energy transition to a low-carbon economy.

Source: CEEW