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.

The Revenue Department, Government of Gujarat, has issued the ‘Policy 2023’ for leasing out land to foster the growth of green hydrogen production in the state. The policy aims to provide the framework for promoting green hydrogen production by using renewable energy to make the best use of land and achieve the objective of a clean environment.

The need to scale up the deployment of technologies such as green hydrogen, energy storage and offshore wind has become increasingly critical to the success of the global energy transition and to meeting global climate goals. To this end, access to low-cost capital for project financing in G20 Member Countries and beyond is vital.

The cost of capital (CoC) for renewable power generation technologies is a major determinant of the total price to purchasers of renewable electricity. Both reliable data, and a deep understanding of the composition of the CoC and its drivers, are therefore critical information.

This report analyses electricity data from 78 countries representing 93% of global electricity demand and includes estimated changes in the remaining generation. It also dives deeper into the top ten CO2 emitting countries and regions, accounting for over 80% of global CO2 emissions.

With 110 gigawatts (GW) of solar photovoltaic (PV) module capacity set to come online in the next three years, India will quickly become self-sufficient and the second-largest PV manufacturing country after China, finds this new joint report from the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research & Analytics.

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).

This annual Global Energy Outlook report examines a range of projections for the global energy system, summarizing key implications for global energy consumption, emissions, and geopolitics.