Powering India’s Future: Towards a People-Positive Energy Transition
Transition Finance: Supporting India’s Net-Zero Goals
In a world grappling with the multifaceted challenges of climate change, environmental degradation, and disruptions in the pursuit of sustainable development, India stands at the crossroads of an energy transition critical for its future and the planet’s well-being. Given India’s growing economy and rising population, its energy needs are expected to quadruple in the coming decades. The country faces the unique challenge of having to balance its ambitious clean energy targets with the economic development needed to ensure prosperity for its 1.4 billion citizens.
However, substantial hurdles persist including volatile commodity prices, financially ailing electricity distribution companies, lack of reliable electricity supply, and increasing energy security risks. To create the right conditions for an inclusive and pro-people transition, knowledge gaps will have to be bridged across multiple areas of the energy transition space. These, in turn, will inform efforts to overcome existing policy and regulatory gaps.
This compendium, Powering India’s Future: Towards a People-Positive Energy Transition, delves into the complex landscape of India’s energy transformation journey. This collection of essays hopes to serve as a guide, offering insights, analyses, and innovative ideas that can shape India’s path to a cleaner, more equitable, and sustainable energy future.
CPI India members have contributed a chapter to the compendium that delves into the complexity of transition finance. “Transition Finance: Supporting India’s Net-Zero Goals” delineates the importance of transition finance and explores innovative financial solutions that can facilitate India’s ambitious journey towards net zero.
