CURRENT AFFAIRS

Detailed explanation-1: -The Plan is a major step towards achievement of the goal of integrating 500 GW of non-fossil fuel based capacity by 2030 by providing broad plan of required transmission system for having 537 GW of Renewable Energy capacity by the year 2030.

Detailed explanation-2: -The country’s vision is to achieve Net Zero Emissions by 2070, in addition to attaining the short-term targets which include: Increasing renewables capacity to 500 GW by 2030, Meeting 50% of energy requirements from renewables, Reducing cumulative emissions by one billion tonnes by 2030, and.

Detailed explanation-3: -India needs $300 bn investment to meet 500GW renewable energy aim by 2030: Report. New Delhi: India will need additional investment of around $300 billion to complete the 500-gigawatt renewable energy capacity target by 2030, according to a report.

Detailed explanation-4: -Renewables meet over 60% of India’s growth in demand for power. They account for 35% of the electricity mix by 2030. Solar PV alone accounts for over 15%, the analysis said. It added coal will still meet a third of overall energy demand growth by 2030 for India.

Detailed explanation-5: -With right policies and implementation, India could make significant progress towards this goal and can meet 50% of its energy needs from renewable energy by 2030.