World Bank praises India’s renewable energy success


World Bank praises India’s renewable energy success

The World Bank on Monday praised India’s success in renewable energy auctions that delivered record-setting low prices for solar power and said that the number of countries with strong policy frameworks for sustainable energy more than tripled — from 17 to 59 — in the eight years till 2017.

Many of the world’s largest energy-consuming countries significantly improved their renewable energy regulations since 2010, said the World Bank’s report — Regulatory Indicators for Sustainable Energy (RISE) 2018, charting global progress on sustainable energy policies.

The report was released on the sidelines of the 24th Conference of the Parties to the UN Framework Convention on Climate Change(COP24). Read More

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