For the first time ever, India investing more in solar than coal | GBRI
 

Solar panels in India

More than 70% of India’s energy demand is fulfilled by fossil fuels, coal in particular. With the continuing rise in demand for electricity, the country’s dependence on coal is only expected to increase. However, India is currently witnessing a major shift in its energy pattern.

According to the International Energy Agency, for the first time India’s investment in solar power outpaced coal last year. The country’s move towards spending on renewables has been driven both by policy and by the rapidly falling costs of bringing solar power online.

For the past three years in a row India has seen greater total investments in renewables than in fossil fuels, the report shows. It should be noted that India is world’s third-largest contributor to greenhouse gases, after the US and China.

Read more here: https://www.independent.co.uk/environment/india-coal-solar-power-investment-money-climate-change-iea-a8921961.html

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