India’s energy transition: Looking beyond the budget
SummaryThe budget affirmed our commitment to a net-zero future but we must work out the finer details
Two-and-a-half months after Prime Minister Narendra Modi announced India’s target of achieving net-zero emissions by 2070, Finance Minister Nirmala Sitharaman highlighted climate action and an energy transition as pillars of economic development in her budget speech. The message is clear: climate sustainability is integral to India’s economic policy. The energy transition will also have far-reaching implications for energy security, and the ripple effects of unfolding events in Ukraine are a sobering reminder of its relevance. So, what do we need to do for the transition to happen?