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- B.C. Tripathi
Economy-wide net-zero carbon targets set by both national governments and corporations offer a significant upside potential to the growth of renewables. Solar and wind will represent almost all new renewable additions. Mainland China, Europe, and North America still dominate renewable additions, but emerging markets will account for over a third of all growth. Investments in renewables will continue to increase, with growth driven by Asia and Europe. What policy mechanisms are necessary to achieve higher penetration of renewables? How can India build a domestic supply chain for renewables and reduce import dependence? What role will storage play to promote grid flexibility and resilience? What are the emerging developments in renewable technologies that will reduce costs? What policy and technology actions are needed to make the power system stable and resilient as the share of solar and wind increases in electricity mix?