On a daily basis we hear how fossil fuels are the most economically smart solution to our high energy needs compared to renewable energy sources – but this may not be the truth in the near future!
India, the third largest carbon polluter in the world, has undercut the fossil fuel costs making solar power a leading competitor and possibly even cheaper in comparison to coal. In a recent reverse auction in India, solar panel prices dropped 40% from last year, and wind energy prices reaching a record low in February.
As India pushes to lift millions out of poverty, the carbon pollution produced by the country is said to double in the near future if they continue on the same path, which counteracts the Paris agreement that India became a part of in December 2016 – an act in which countries pledged to reduce green house gas emissions. This step in the direction to more renewable energy is a step towards a more environmentally friendly country and world!
By 2022 India aims to produce 175 gigawatts of power from solar, biomass, and wind, and it is projected that India’s renewable energy production would increase to 275 gigawatts by 2027. If India, one of the most highly populated and polluting countries in the world can make a change towards renewable energy, many other countries in the world could make the same changes.
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