This was highlighted in Global Electricity Review (GER) 2024 report, released by global energy think tank Ember.
Key finding of the report
- Renewables provided 30% of global electricity for the first time.
- Solar was the main supplier of electricity growth in 2023.
- India saw the world's fourth-largest surge in solar generation in 2023 behind China, the US and Brazil.
- India provided 5.9% of global growth in solar generation in 2023.
- India’s per capita emissions from the power sector are just over half the global average and even further below the average in Asia.
Challenges in Power Sector
- Drought conditions globally resulted in a record fall in hydropower generation.
- India’s electricity generation is more carbon-intensive than the global average.
- India also saw the second-highest increase in coal generation globally, behind China.
- Despite progress, wind, solar and other low-carbon sources are not yet growing fast enough to meet India’s rapidly growing electricity demand.
India’s targets to Decarbonise Power● To reduce the carbon intensity of the nation’s economy by less than 45% by 2030. |