India emerging victorious in fight against climate change: World Bank
With a comprehensive commitment to providing its citizen with 24*7 electricity by 2030, India is emerging as a victor in the fight against climate change, according to World Bank. To save the planet from the effects of climate change, India is being a contributor to global efforts by using clean energy to fuel its growth.
Earlier, India was praised for its move of walking away from plans to install nearly 14 GW of coal-fired power plants, largely because it is as affordable now to generate electricity with solar power as it is to use fossil fuels. With almost 300 days of sunshine in a year, India is the best place to capture solar energy. India has achieved a record low tariff of INR 2.44/unit (4 cents/unit) for a project in the desert in Rajasthan.
Solar power is starting to oust coal as a source of energy in India and its commitment to solar power, innovative solutions, and energy efficiency initiatives are eulogised worldwide. This adds to the cost of electricity from solar photovoltaic (PV) which is currently one-fourth of what it was in 2009 and is set to fall another 66 percent by 2040.India’s ambitious target of including 160 gigawatts (GW) of the wind and solar energy by 2022,
India’s ambitious target of including 160 gigawatts (GW) of the wind and solar energy by 2022, will help millions of people of India. This is also an incentive for the international firm to invest in India’s solar market.