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Low-cost finance for the energy transition report
June 9 , 2023
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- The International Renewable Energy Agency released the ‘Low-cost finance for the energy transition’ report.
- Renewable power generation technologies, notably solar photovoltaic and onshore wind power, have become mature and competitive.
- Offshore wind, hydrogen electrolysers, energy storage and heat pumps, need to be deployed at faster speeds, and greater scales.
- It has praised India’s achievement in rolling out renewable energy capacity, calling it “unprecedented”.
- India ranked third on the Renewable Energy Attractive Index in 2021.
- Its solar and wind power base is the fourth largest in the world.
- India would need $ 10 trillion to meet its 2070 net-zero target.
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