Please note: this article is more than one year old. The views of our CIO team may have changed since it was published, and the data on which it was based may have been revised.
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