Decentralised renewable energy (DRE) technologies play a critical role in enabling an equitable energy transition and ensuring energy security for many emerging and developing economies.

The key areas examined by the report include the latest data and analysis on renewable power capacity additions in 2022 – globally and for major markets – as well as forecasts for 2023 and 2024.

Decentralised Renewable Energy (DRE)-Powered Technologies, having a market potential of $50 billion+(INR 4 lakh crores), can help India generate resilient and sustainable livelihoods for its marginalised communities.

Key stakeholders are now starting to recognise the potential of using decentralised renewable energy (DRE) technologies such as dryers, silk-reeling machines, vertical fodder grow units, and others to transform India’s rural economy. But several questions on their market potential, viability and impact are also emerging.

Energy storage is key to both effective integration of renewable energy systems with the electricity grid, and accelerating the adoption of electric vehicles (EVs). This brief discusses the technological trends in lithium-ion (Li-Ion) batteries, and assesses the energy storage needs of the Indian power and transportation sectors.

In the five years since its launch, the Clean Energy Transitions Programme (CETP) has become the largest and most important programme at the International Energy Agency (IEA).

Ever since its inception, the G20 Energy Transitions Working Group (ETWG) has covered a wide range of priority areas broadly spanning across clean energy, energy access and energy security.

Clean energy development for almost all G20 countries, be it developing or developed, stands at restricted levels for green hydrogen produced from biomass for heat and electricity.

Renewables are growing rapidly in the electricity systems around the world as countries seek to improve their energy security, meet emission reduction targets and take advantage of cheaper electricity sources.

The rapid adoption of renewable energy (RE) will not only help decarbonise the world’s electricity systems but also help realise the desired impacts of our Sustainable Development Goals (SDGs).