The fourth module of the Renewables 2023 Global Status Report (GSR) Collection explores the wide range of benefits that renewable energy can offer beyond the supply of energy.

For the first time, REN21’s Renewables Global Status Report (GSR 2023) is being published as a collection of five modules, reflecting the fundamental changes in the global energy landscape.

While India has been adding renewable energy capacity at a fast pace, this new report by the Institute for Energy Economics and Financial Analysis (IEEFA) finds that to meet its emissions intensity reduction target for 2030, the country needs to ramp up the share of clean energy in its power system.

In 2022, G20 leaders acknowledged the need to rapidly transform and diversify energy systems while implementing the Paris Agreement on climate change. The expansion of renewable electricity generation can help address these goals but will require substantial investment.

In the wake of the energy crisis triggered by the Russian war on Ukraine, G20 countries—and the rest of the world—have become exposed to the risks of energy insecurity. To secure the supply and stability of electricity, existing power systems must be redesigned to be forward-looking and fit for net-zero.

The Ministry of Power has notified the National Electricity Plan Notification (Amendment) Rules, 2023. These Rules were notified on 30th June, 2023 and come into effect from that same date. The rules amend the existing National Electricity Plan Notification Rules, 2004.

The Ministry of Power has recently released a notification on June 30, 2023, introducing additional amendments to the Electricity Rules, 2005. Prior to the first amendment, a power plant could qualify as a captive generating plant if the captive user held at least twenty-six percent ownership.

Ministry of Power has carried out a series of reforms in the power sector, which have facilitated ease of doing business, ease of living, protecting rights of electricity consumers and have also kept the price of power at reasonable rates.

The Ministry of Power (MoP) has released a report titled- National Energy Data: Survey and Analysis 2021-22. The report has been prepared by MoP through Bureau of Energy Efficiency in collaboration with NITI Aayog, various line ministries and departments, institutions, and other stakeholders.

Electrifying the use of energy in industry, transport and buildings with renewables is a cost-effective way to decarbonise end-use sectors, increase security of supply, reduce dependency of imported fossil fuels and mitigate risks of fuel prices volatility as experienced in recent years.