POWERING INDIA'S ENERGY TRANSITION STRATEGIES TO ACCELERATE RENEWABLE INTEGRATION AND DECARBONIZATION
Aligned with India’s commitments towards climate action, Energy Transition has become an imperative agenda for the country. Five-point action plan under Panchamrit Framework articulates the nation's climate objectives and has been the cornerstone of our commitment towards sustainability.
India is pioneering a new model of green growth development through large-scale deployment of renewable energy to support economic development. While mitigating climate change, this pathway also improves energy security & access for its citizens. The journey towards ‘Net zero by 2070’ is challenging but full of emerging opportunities & evolving dynamics across industrial decarbonization, grid stability and energy supplies.
This seminal document, developed by FICCI in collaboration with Boston Consulting Group (BCG), highlights the initiatives required to create a robust ecosystem which will help in achieving India’s energy transition & decarbonisation goals. It also covers the crucial role of new policy instruments and technological advancements needed for balancing energy demand and supply. The report outlines key recommendations for actions required to overcome some of the impediments to growth of clean energy in India.