According to RBI report, fossil fuel dominance in electricity generation set to end by 2030.

Banking & Finance

Dominance of fossil fuels in electricity generation in India will end by the end of the decade said Reserve Bank of India in its latest report. The report also noted that the renewable energy is expected to cross 50 per cent share in electricity generation globally. It added that the energy transition has accelerated in recent years, with the pace of clean technology deployment and capital investment surging to record levels.


      Global investments in renewable energy technologies are projected to reach unprecedented levels by the end of this decade.

      India aims to enhance its renewable energy capacity significantly, contributing to a sustainable energy future by 2030.

     

 

     


About RBI,

CEO : Shaktikanta Das
Headquarter : Mumbai
          ____________________________