(ET)
The World Bankpraised 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).
Progress was even more marked in energy efficiency, with the percentage of countries establishing advanced policy frameworks growing more than 10-fold between 2010 and 2017. Among countries with large populations living without electricity, 75 per cent had by 2017 put in place the policies and regulations needed to expand energy access. But there were still significant barriers to global progress on sustainable energy.
