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According to the Renewables 2022 Global Status Report (GSR 2022) published by the global renewable energy community REN21, India placed third in the world for total renewable power capacity additions in 2021, with 15.4 GW (giga watts), following only China (136 GW) and the United States (US) (43 GW).
The GSR 2022 report is the 17th in a series of annual reports that tracks global renewable energy deployment. The GSR 2022 presents a world map of renewable energy shares by country for the first time, highlighting progress in some of the leading countries.
Global Concerns:
The global renewable energy transition is not taking place, making it doubtful that the world can fulfil important climate targets this decade.
It also stated that, despite the promise of a worldwide green recovery in the aftermath of the COVID-19 pandemic, the world has missed the historic opportunity to “build back better”.
India’s Performance
According to the report, India installed 843 MW (mega watts) of hydropower capacity in 2021, bringing the overall capacity to 45.3 GW.
India was the second-largest market for new solar PV (Photovoltaic) capacity in Asia and the third-largest globally (13 GW of additions in 2021). For the first time, it surpassed Germany (59.2 GW) for fourth place in total installations (60.4 GW), followed by China (305.9 GW), US (121.4 GW) and Japan (78 GW).
India was ranked third globally for total installed wind power capacity (40.1 GW), behind China, the US, and Germany.
Sector-Wise Global Performance
The 2022 report revealed that the global share of renewables in final energy consumption has stagnated, rising just marginally from 10.6% in 2009 to 11.7 % in 2019, and the global shift to renewables is not taking place.
In the electricity sector, record additions in renewable power capacity (314.5 GW, up 17% from 2020) and generation (7,793 terawatt-hours) failed to keep up with a 6% growth in overall electricity usage.
In heating and cooling, the renewable share in final energy consumption climbed from 8.9% in 2009 to 11.2 % in 2019.
The lack of progress in the transportation sector, where renewable energy accounts for nearly a third of global energy consumption, is particularly concerning, as it went from 2.4 % in 2009 to 3.7 % in 2019.
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References / Read More: https://affairscloud.com/india-ranks-3rd-in-the-world-in-terms-of-total-renewable-additions-in-2021-renewables-2022-global-status-report; and https://www.ren21.net/wp-content/uploads/2019/05/GSR2022_Full_Report.pdf
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