All posts tagged: India


Greening India: plans to slash emissions in half by 2030 require massive renewables surge

In early April 2023, India announced plans to issue tenders for 250 GW of new renewable capacity by March 2028, as it looks to cut its emissions by 45% from 2005 levels. However, coal remains the dominant source of electricity. The share of clean power generation needs to more than double for the nation to meet its climate goals. Additionally, to meet Prime Minister Narendra Modi’s targeted energy self-sufficiency by 2047 — the centenary year of India’s independence, the nation will require domestic capacity increases for manufacturing green technologies, such as solar modules, battery storage and electrolyzers for making renewable hydrogen. The second part of our focus on India highlights the nation’s ambitious plans. L. Michael Buchsbaum reports.

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India needs it all: nation plans a rapid renewables buildout while still sticking to coal

While India’s government, currently holding the G20 presidency, lays out plans for a massive build out of renewables aimed at cutting emissions nearly in half over the next three years, coal still remains the nation’s dominant energy source, and its 72% share is growing. Nevertheless, federal Power Secretary Alok Kumar recently announced plans to surge clean energy production to 90% of electrical generation before mid-century. But as heatwaves blast the nation today and as citizens and industry finds ways to keep cool, electrical demand is surging. India’s solution: more coal power, more fossil fuels and more renewables all at once. L. Micheal Buchsbaum reports.

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The world’s biggest trade bloc is born – what does it mean for the energy transition?

The year 2020 brought us a devastating pandemic and an economic slowdown but also some decisive moments for the global energy transition. Last year ushered in a wave of groundbreaking pledges on carbon and climate neutrality. Meanwhile, clean energy investments have proven resilient to the global economic downturn, further shrinking prices for renewable power generation equipment and the ongoing electrification of many economies. Finally, a potential game changer for the global energy transition occurred last November: After nine years of protracted negotiations, the Regional Comprehensive Economic Partnership (RCEP) was signed by 15 Asian and Pacific countries. Early signs, however, suggest it will prove a mixed bag for efforts to reduce global CO2.

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India’s energy transition and power system: the good, the bad, the ugly

Autumn 2020 has seen a dramatic net-zero shift among the world’s industrial giants, with China and South Korea aiming for carbon-neutrality by 2060 and 2050, respectively, and Japan – for climate neutrality by 2050. East-Asian economies, along with the EU, are leading the global climate efforts in terms of long-term ambitions, but a closer look at energy transition progress and the climate policies reveals another potential global leader – India. Maria Pastukhova investigates.

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India’s energy transition: potential and prospects

Touted as the world’s third largest emitter of greenhouse gas, India is steadily on its way to transition from fossil fuels to renewable energy. The targets that the country has set itself are closer to being achieved and even surpassed. Sadia Sohail explains the newest study on India’s energy policy.

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Insurance industry must act on the coal sector

Stopping the growth of the coal sector makes more than just environmental sense. If a stable climate translates to fewer and less severe disasters, the financial argument for insurers is just as compelling. Dan Gocher argues that coal projects should be excluded from investments due to their contribution to climate change.

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