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India ranked 3rd Highest Renewable Power Capacity in 2021

Published on June 19, 2022
Current Context: Recently India added around 15.4 gigawatts (GW) of renewable power capacity in 2021, the third-highest after China and the United States.
India ranked 3rd Highest Renewable Power Capacity in 2021
  • Apart from that India is now the 3rd largest market in the world for new solar photovoltaics (PV) capacity and ranked 4th in the world for total solar energy installations.
  • Besides, there was a rebound in economic activity, due to which there has been a subsequent increase of 4% in global energy demand which was mostly met by fossil fuels.
  • Due to the Ukraine war crisis governments started implementing short-term measures to diversify fossil fuel import sources, ramp up domestic production and subsidize energy use.
  • In addition to that India has allotted $24.3 billion for its solar energy schemes which provide incentives to domestic and international companies to set up battery manufacturing plants.
  • India invested $11.3 billion in renewables in 2021, equivalent to the GDP of Brunei Darussalam in 2020.
  • Recently at the Glasgow climate summit, India has announced that non-fossil energy capacity will reach 500GW by 2030.
  • Apart from that India also set a target of net-zero emissions by 2070.

Question:

Q.1 As per the recent report, India has been ________’ highest renewable power capacity in the world?
a. 4th
b. 3rd
c. 2nd
d. 5th
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