Fossil fuel dominance in electricity to end by 2030, renewables to take lead: RBI
The Reserve Bank of India (RBI) projects that fossil fuels’ dominance in electricity generation will end by the end of this decade, with renewable energy expected to account for over 50% of global electricity generation. In its latest report, the central bank highlights an accelerated shift toward clean energy, driven by unprecedented capital investment and the rapid deployment of clean technologies. The RBI report emphasizes that cleaner power generation could enable substantial emissions cuts, buying…