Game-changing moves in green economy

Of the $2.8 trillion expected to be invested globally in energy this year, clean technologies will likely absorb more than $1.7 trillion

In the week the new parliament building of the world’s most populous country was inaugurated, the energy-transition headline came from India’s top oil explorer — Oil and Natural Gas Corporation (ONGC) plans to invest Rs 1 trillion ($12.1 billion) in clean-power projects by 2030.

It aims to grow its renewables portfolio from less than 200 megawatts to 10,000 megawatts by the end of the decade, stated ONGC Chairman Arun Kumar Singh. “India will continue to grow in fossil fuel demand until 2040, but at the same time we have to step up our efforts for green energy. We have to do