Report ranks India 3rd globally for total renewable additions in 2021

According to a report India has been ranked third globally for total renewable power capacity additions with 154 GW in 2021 China with 136 GW and the United States of America with 43 GW are the top two countriesREN21s Renewables 2022 Global Status Report GSR 2022 sends a clear warning that the global clean energy transition is not happening making it unlikely that the world will be able to meet critical climate goals this decadeThe second half of 2021 saw the beginning of the biggest energy crisis in modern history exacerbated by the Russian Federations invasion of Ukraine in early 2022 and unprecedented global commodity shockAlthough many more governments committed to net zero greenhouse gas emissions in 2021 the reality is that in response to the energy crisis most countries have gone back to seeking out new sources of fossil fuels and to burning even more coal oil and natural gas said Rana Adib REN21 Executive DirectorAccording to the report India added 843 MW of hydropower capacity in 2021 raising the total capacity to 453 GWIndia was the second largest market in Asia for new solar PV capacity and third globally 13 GW of additions in 2021 It ranked fourth for total installations 604 GW overtaking Germany 592 GW for the first timeIndia ranked third globally for the total installed capacity of wind power 401 GW behind China the US and GermanyThe GSR annually takes stock of renewable energy deployment worldwideThe 2022 report released on Wednesday is the 17th consecutive edition and provides proof of what experts have been warning about the overall share of renewables in the worlds final energy consumption has stagnated rising only minimally from 106 per cent in 2009 to 117 per cent in 2019 and the global shift of the energy system to renewables is not happeningIn the electricity sector record additions in renewable power capacity 3145 gigawatts up 17 per cent from 2020 and generation 7793 terawatthours were unable to meet the overall increase in electricity consumption of six per centIn heating and cooling the renewable share in final energy consumption increased from 89 per cent in 2009 to 112 per cent in 2019In the transport sector where the renewable share went from 24 per cent in 2009 to 37 per cent in 2019 the lack of progress is particularly worrying as the sector accounts for nearly a third of global energy consumptionFor the first time the GSR 2022 provides a world map of renewable energy shares by country and highlights progress in some of the leading countriesDespite many new commitments to net zero political momentum has not translated into actionIn the leadup to the United Nations Climate Change Conference COP26 in November 2021 a record 135 countries pledged to achieve net zero greenhouse gas emissions by 2050However only 84 of these countries had economywide targets for renewable energy and only 36 had targets for 100 per cent renewablesFor the first time in the history of UN climate summits the COP26 declaration mentioned the need to reduce coal use but it failed to call for targeted reductions in either coal or fossil fuelsThe GSR 2022 makes clear that meeting countries net zero pledges will require massive efforts and that the momentum associated with Covid19 has passed untappedDespite important green recovery measures in many countries the strong economic rebound in 2021 with global real gross domestic product GDP growing 59 per cent contributed to a four per cent rise in final energy consumption offsetting the growth of renewablesIn China alone final energy consumption rose 36 per cent between 2009 and 2019 Most of the increase in global energy use in 2021 was met by fossil fuels resulting in the largest surge in carbon dioxide emissions in history up more than 2 billion tonnes worldwideThe collapse of the old energy order threatens the global economyThe year 2021 also marked the end of the era of cheap fossil fuels with the largest spike in energy prices since the 1973 oil crisisBy the end of the year gas prices reached around 10 times the 2020 levels in Europe and Asia and tripled in the US leading to a spike in wholesale electricity prices in major markets by the end of 2021Russias invasion of Ukraine deeply aggravated the unfolding energy crisis causing an unprecedented commodity shockwave that weighed heavily on global economic growth rattling the more than 136 countries that are reliant on fossil fuel importsAlso ReadOverall warming of minimum temperatures to increase in northeast Indian states StudyThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever