Our latest CIO Special looks at the remarkable progress that India has achieved in its energy transition from fossil-fuel based sources to sustainable and green ones. At the same time, the sheer size of the population and high growth prospects mean that a lot more needs to be done, but we remain optimistic.
Key takeaways:
- As India looks to transform into a high-income economy over the next decades, the old ways of ‘carbon-intensive’ industrialisation are no longer sustainable
- In the last few years, India has made remarkable progress in providing access to electricity and clean cooking while implementing a range of energy market reforms and integrating a high share of renewable energy sources into the grid
- India has one of the most ambitious energy transition plans and has taken several steps towards energy sustainability, although a number of financial and political challenges lie ahead. We remain optimistic about the future
