Facts for Prelims (FFP)
Source: TH
Context: During the COP28 climate summit in Dubai, 118 countries pledged to triple installed renewable energy capacity by 2030, committing to at least 11,000 gigawatts (GW) and to double the global average annual rate of energy efficiency improvements to more than 4%.
- India, along with China and Russia, did not sign the pledge.
- The pledge lacks legal sanctity and has not been included in the main negotiating texts for the COP-28 agreement.
- The reasons for India’s non-participation were not officially provided, but some pointed out potential issues with the language in the text.
- The pledge involves the collaboration of G20 countries on resilient value chains and technology development, expanding financial support for scaling renewable energy, enhancing technical support and capacity building for developing economies, and accelerating cross-border grid interconnections.
India’s decision not to sign is attributed to its commitment, as part of its nationally determined contributions (NDCs), to installing 500 GW of electricity from non-fossil fuel sources by 2030. India recognizes coal as a crucial element in its energy mix due to the anticipated significant growth in energy demand over the next 30 years, which may not be met by renewables alone.
