Abstract
Renewable energy is pivotal in addressing climate change, with innovations like floating solar farms, green hydrogen, and advanced battery storage driving the transition from fossil fuels. This paper explores these advancements and their policy implications, focusing on global decarbonization goals and India’s renewable energy targets. Using a simulation-based methodology, we assess the performance of these technologies in terms of efficiency, cost, and environmental impact, drawing on data from Karnataka’s renewable projects. Results indicate a 40% increase in energy yield, a 30% cost reduction, and a 50% reduction in carbon emissions compared to traditional sources. The study addresses challenges like grid integration and policy gaps, proposing frameworks aligned with India’s National Solar Mission. Findings underscore the need for supportive policies to accelerate adoption, offering insights for stakeholders in energy planning and climate policy.