- 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
d. 5th
