India’s energy transition beyond dependence on renewables

Cyclone Biprajoy is the latest extreme weather event that has focused attention on the impact of global warming on the lives of millions. Moving away from fossil fuels to reduce the carbon footprint of the economy has assumed increased urgency. India has accepted the goal of net zero emissions (NZE) by 2070.

Energy transition involves intense competition for the limited carbon space. Developed countries and China have exhausted 80 per cent of the carbon budget and they are now eating into the meagre space remaining at a faster pace since their per capita emissions are higher than that of India or other developing countries.