Energy Capital Research Group
January 18, 2017
The Only Independent Source of Daily Predictive Energy Analysis

India Moves to Transform its Energy Sector

 

Climate Changing Priorities

The Paris Climate Accord struck in November 2015 continues to be a politically divisive issue in the U.S. with incoming President Donald Trump threatening to scuttle Washington approval for the deal. Elsewhere, it is becoming a very different story.


Take India, for example.


There, the government has announced it will exceed the goals set in Paris by 50% and three years ahead of schedule. The new initiative will also eliminate the need for any new coal-fired power plants in the country.


The ambitious plan was unveiled last month and is now attracting some major outside investment. The ten-year energy draft strategy (it can be read in its entirety here: http://www.cea.nic.in/reports/committee/nep/nep_dec.pdf) commits India to have 57% of its total power generation coming from non-fossil fuel sources by 2027. In contrast, the Pairs targets are 40% by 2030. 


The Indian commitment is important in another political respect. Much of the general Western - and American in particular - opposition to the Paris Accord centers around the well-established argument against international climate agreements as a whole. This position says all the climate "breakthroughs" since Kyoto have allowed developing countries to continue emissions while Europe and North America are obliged to cut theirs.


India will overtake China as the largest energy consumer, probably within the next decade if not sooner. What happens there in the energy mix will have importance well beyond its own borders. That begins with the country's own distribution of investment.


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