CURRENT AFFAIRS

Detailed explanation-1: -ISA targets US$1 trillion of investment in solar by 2030, which would be significant in bringing the world closer to energy transitions needed.” “These investments will also enable infrastructure such as transmission, batteries, micro and mini grids to get the solar electricity delivered when and where it is needed.

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: -India has set a target of harnessing 140 GW (out of which 30 GW is offshore wind) installed wind energy capacity by 2030. The Central Electricity Authority (CEA) has estimated a 17.13% (140GW) share of wind energy in the likely installed capacity in 2029-2030 to ensure an optimal generation capacity mix (CEA 2020).