September 28, 2024 5:23 PM

Fossil fuel dominance in electricity generation to end by 2030, renewable to cross 50% share: RBI

The Reserve Bank of India (RBI) has projected that the dominance of fossil fuels in electricity generation will conclude by the end of the decade, according to its latest report. The central bank forecasts that renewable energy is set to account for more than 50% of global electricity generation as part of a significant energy transition. The report highlights an acceleration in the transition to clean energy, noting a surge in the deployment of clean technologies and capital investment to unpr...