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This was highlighted in Global Electricity Review (GER) 2024 report, released by global energy think tank Ember.

Key finding of the report

  • Renewables provided 30% of global electricity for the first time.
  • Solar was the main supplier of electricity growth in 2023.
  • India saw the world's fourth-largest surge in solar generation in 2023 behind China, the US and Brazil.
    • India provided 5.9% of global growth in solar generation in 2023.
  • India’s per capita emissions from the power sector are just over half the global average and even further below the average in Asia.

Challenges in Power Sector

  • Drought conditions globally resulted in a record fall in hydropower generation.
  • India’s electricity generation is more carbon-intensive than the global average.
    • India also saw the second-highest increase in coal generation globally, behind China.
  • Despite progress, wind, solar and other low-carbon sources are not yet growing fast enough to meet India’s rapidly growing electricity demand.

 

India’s targets to Decarbonise Power

●    To reduce the carbon intensity of the nation’s economy by less than 45% by 2030.
●    Achieve 50 percent cumulative electric power installed by 2030 from renewables.
●    Achieve net-zero carbon emissions by 2070.
●    Aims for 500 GW of renewable energy installed capacity by 2030.

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