CURRENT AFFAIRS

Detailed explanation-1: -The International Energy Agency (IEA) has released the first in-depth review of India’s energy policies.

Detailed explanation-2: -Our NDCs target at reduction of emissions intensity by 33%-35% by 2030 over 2005, achieving a 175 GW renewable energy capacity by 2022, and share of non-fossil fuel based capacity in the electricity mix is aimed at above 40% by 2030.

Detailed explanation-3: -Context: The International Energy Agency (IEA) has recently released its World Energy Outlook 2022 report. Introduction: The annual World Energy Outlook is the International Energy Agency’s flagship publication, widely recognised as the most authoritative source for global energy projections and analysis since 1998.

Detailed explanation-4: -The International Energy Agency (IEA) regularly conducts in-depth peer reviews of the energy policies of its member countries. This process supports energy policy development and encourages the exchange of international best practices.

Detailed explanation-5: -India’s 4-plank energy security strategy is based on diversifying supplies, increasing E&P, alternate energy sources and energy transition through a gas-based economy, Green Hydrogen etc. India will contribute 25% of global demand by 2040 and achieve 20% ethanol blending in petrol by 2025: Hardeep Singh Puri.