Why India needs to build a robust framework to facilitate energy transition

The investment buzz for the transition has begun but policy frameworks still lag the process

To think that the value zero can attract million dollars’ worth of investment may appear far-fetched, even in the country where the concept of zero was invented. From November 2021 onwards, when Prime Minister Narendra Modi declared at the COP26 in Glasgow that India would be a net carbon-zero economy by 2070, any and every announcement, policy directives in key sectors, and corporate investment have revolved around it. The target is still a good 47 years away but the buzz has started and rightly so.

The spotlight has shifted to renewable energy (RE), green fuels, decarbonisation, green financing and electric