India’s Renewable Energy Capacity

  • Category
    Environment
  • Published
    27th Aug, 2019

Context

India is running at a slower pace in achieving its Nationally Determined Contribution as per Paris Accord on Climate Change.

About

  • India’s Nationally Determine Contributions for Climate Change
    • To reduce the emissions intensity of its GDP by 33 to 35 per cent by 2030 from 2005 level.
    • To achieve about 40 per cent cumulative electric power installed capacity from non-fossil fuel based energy resources by 2030, with the help of transfer of technology and low cost international finance, including from Green Climate Fund.
    • To create an additional carbon sink of 5 to 3 billion tonnes of CO2 equivalent through additional forest and tree cover by 2030.
  • As a result, a target of installing 175 GW of renewable energy capacity by the year 2022 has been set by the government
  • It includes 100 GW from solar, 60 GW from wind, 10 GW from bio-power and 5 GW from small hydro-power.
  • As per 31 Dec 2018, India’s installed renewable energy capacity was 35GW.

India’s Rankings

  • 5th Globally in total Renewable power installed
  • 4th globally in tital wind power installed
  • 6th globally in tital solar power installed

Reason behind Slow Progress of India in achieving the required Target

  • Between 2014-17, China’s addition to its renewable energy was six times more than what India did.
  • This is because India has not been able to utilize the advantage of decreasing cost if electricity production due to technological advancement in this field.
  • The main reasons behind this non—utilization of this advantage of decreasing cost are:
    • Recent imposition of safeguard duty on imported Solar Photovolatic cells.
    • Depreciation of Indian rupee increases the import bill of India
    • Lack of investment in research and development in India has not led to any significant domestic production
    • Coal still features among the top 5 imports of India. Moreover, top ten lenders to coal power plants are public sector banks. This leads to the crowding out of the Renewable Energy Industry.
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