India has tremendous potential for solar energy. We all realize that we have to stop burning fossil fuels to meet our energy needs. But certain renewable resources are still going through their cost curves and learning curves to get required amount of output. The Indian Government has strongly committed to its targets of reducing emissions by 33 percent by 2030, and towards this it has initiated a strong push towards a gas-based economy and has also invested heavily in renewable energy. However,, business housed are wary of investing too heavily in renewable energy at a time when the technology is not yet ready.
With reference to the above passage, the following assumptions have been made:
Which' of the above assumptions is/are valid?
Assumption 1 is valid. The passage states that renewable resources are "still going through their cost curves and learning curves" and that "business houses are wary of investing too heavily in renewable energy at a time when the technology is not yet ready." This implies that significant investment, potentially including government support, in these nascent technologies might be associated with inefficiency or high costs due to their developmental stage. Therefore, the assumption that governments might provide inefficient and costly subsidies for technologies not yet ready can be inferred from the passage's context.
Assumption 2 is invalid. The passage indicates that India's commitment to reducing emissions by 33% by 2030 involves a "strong push towards a gas-based economy and has also invested heavily in renewable energy." This outlines a dual strategy. Assumption 2, however, suggests that the emissions reduction "shall be on the basis of gas-based economy," implying an exclusive or primary reliance on it. The passage does not support this singular dependency, as it clearly mentions investment in renewable energy as another key component towards achieving the target.