CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Name the country which partnered with India to set up a Energy banking mechanism, recently.
A
Singapore
B
Swedan
C
China
D
Nepal
Explanation: 

Detailed explanation-1: -2022. India stands 4th globally in Renewable Energy Installed Capacity (including Large Hydro), 4th in Wind Power capacity & 4th in Solar Power capacity (as per REN21 Renewables 2022 Global Status Report). A total of 14.21 GW of Renewable Energy (RE) capacity was added, during the period Jan to Oct.

Detailed explanation-2: -The installed Renewable energy capacity (including large hydro) has increased from 76.37 GW in March 2014 to 159.95 GW in May 2022, i.e. an increase of around 109.4%. The installed power capacity in the country is around 408.72 GW as of 30th November 2022.

Detailed explanation-3: -What is ETM? ETM is a scalable, collaborative initiative developed in partnership with developing member countries (DMCs) that will leverage a market-based approach to accelerate the transition from fossil fuels to clean energy.

Detailed explanation-4: -India’s plan to install 500 GW (gigawatt) of renewable energy capacity by 2030 will involve an investment of at least ₹2.44 lakh crore or ₹2.44 trillion, according to a committee constituted by the Central Electricity Authority (CEA).

There is 1 question to complete.