- 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
