The energy think tank Ember has released the “Global Electricity Review 2024”.
Key findings of report
According to the report, India pushed the country past Japan to become the world’s third-largest solar power generator in 2023.
India ranked ninth in solar energy deployment in 2015. Solar produced a record 5.5 per cent of global electricity in 2023.
India generated 5.8 per cent of its electricity from solar last year (2023) . Solar’s contribution to electricity generation in India increased from 0.5 per cent in 2015 to 5.8 per cent in 2023.
India saw the world’s fourth-largest increase in solar generation in 2023 (+18 terawatt hour or TWh), behind China (+156 TWh), the United States (+33 TWh) and Brazil (+22 TWh). Together, the top four solar growth countries accounted for 75 per cent of growth in 2023.
The global solar generation in 2023 was more than six times larger than in 2015.
According to the International Energy Agency’s (IEA) “Net Zero Emissions” scenario, solar would increase to 22 per cent of global electricity generation by 2030.
With electricity generation accounting for nearly half of India’s annual carbon dioxide emissions (1.18 gigatonnes in 2023), accelerating the transition to cleaner generation sources is imperative for the country to meet both its developmental and climate goals.
