![India needs $223 bn to meet 2030 renewable Capacity Goals India needs $223 bn to meet 2030 renewable Capacity Goals](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDU8qPX6IEWarfu8yQgkQ3SaQmk1PuhtiS2EjtmiFtpGiefNVrANS3FdLlH1mxyy1GZuAZLq-hOO2grGGy4VV7FqkEn4BekMWZdPzQVelkAjiRqJHufrcEX1Q4GGlBfw6epu3i8wMULgFum-C28R2sIKEz0te7g-6k3FLBLfyrOXjlurolTnIvof93TA/w320-h178-rw/energy-conservation.jpg)
- The government has set a target of increasing non-fossil power capacity to 500 GW by 2030.
- It wants non-fossil fuel power sources to provide half of its electricity supply by 2030.
- India plans to reduce emission intensity by more than 45% by 2030 to below 2005 levels. He also announced a net-zero by 2070 target.
- Central Electricity Authority expected that the country’s reliance on coal to drop from 53% of installed capacity in 2021 to 33% in 2030.
- Apart from that government scaling up financing to meet 2030 goals requires Independent Power Producers to tap into new or underutilized sources of capital.
- Many players like revolving construction debt, investment infrastructure trusts and for retail investors, insurance companies, and pension funds contribute funds.
Question:
Q.1 Government has decided to increase non-fossil power capacity to 500 GW by which of the following year?a. 2040
b. 2030
c. 2025
d. 2070