CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A new study by the International Institute for Sustainable Development (IISD) report stated that India’s renewable energy subsidies fell by how much percent between 2016-17 and 2018-19?
A
50%
B
40%
C
35%
D
15%
Explanation: 

Detailed explanation-1: -Part of Renewables 2021 The USD 45 billion allocated to renewables – including electricity, heat and fuels (biofuels, advanced biofuels and biogas) – accounted for about 9% of announced public spending on clean energy. The majority of global clean energy stimulus is expected to be spent over 2021-2023.

Detailed explanation-2: -2 trillion in 2012–13 to about INR36 billion in 2020–21. As a percent of GDP (gross domestic product), petroleum subsidies have decreased by over 94 percent from 1.7 percent of GDP in 2010-11 to about 0.06 percent in 2020-21.

Detailed explanation-3: -Overall, while it is difficult to predict with certainty whether India will meet 50% of its energy needs from renewable energy by 2030, the country’s strong commitment to renewable energy development and the shift of subsidies from fossil fuels to renewables suggest that it is possible for India to achieve this goal.

Detailed explanation-4: -A total capacity of 30 MW has been achieved in the year of 2022. As on 31.10. 2022, cumulative installed capacity of biomass power and cogeneration projects stood at about 9.4 GW (Bagasse & IPP) and 0.77 GW (Non-Bagasse), waste to energy projects capacity was 223.14 MW (grid connected) and 272.09 MWeq (off-grid).

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