Correct Option (C)
The passage explicitly states that renewable resources are currently undergoing "cost curves and learning curves" to achieve the required output. Furthermore, it highlights that business houses are hesitant to invest heavily in renewable energy because the technology is "not yet ready." This implies that a premature or accelerated market deployment of these resources, before their technological and economic viability is fully established, could lead to significant financial implications.
Incorrect Options:
- Option (A): The passage discusses the challenges and strategic approaches (like a gas-based economy and renewable investment) towards achieving India's emission reduction target. It does not, however, conclude that the target is unlikely to be achieved. The focus is on the complexities of the transition, not the ultimate failure of the commitment.
- Option (B): While the passage mentions the government's push towards a "gas-based economy," it does not advocate for importing gas as an alternative to investing in renewable resources. The two initiatives are presented as parallel efforts within India's energy strategy, not as mutually exclusive choices where one should supersede the other through imports.
- Option (D): The passage notes India's push towards a "gas-based economy." However, it does not specifically infer that India should prioritize or increase efforts in the exploration of natural gas. The mention of a gas-based economy is part of the broader strategy for emission reduction, but the passage does not provide sufficient information to conclude that enhanced exploration is the most logical or rational inference.