Business Standard

Net zero target: Why 'sustainable economic growth' will elude India

Western reluctance to spend on climate action and India's inability to accelerate renewables to power faster economic growth are major hurdles to the net zero target

Renewable energy
Premium

Solar and wind generation is spotty and intermittent, and not seen as reliable enough to power a $3-trillion economy

S Dinakar
India is increasingly leaning towards fossil fuels to power its ambitious growth targets, preferring the burning embers of coal and diesel, to the stark power of the sun. This belated realisation has occurred after a slowdown in the pace of renewable generation, the war in Ukraine, and the fact that the path towards a $5-$10 trillion economy, envisaged at warp speed, is only possible with dirty fuels rather than clean energy.

This reality is reflected in India's oil demand forecast, released by the oil ministry this week. It shows demand for oil products growing at 5 per cent in

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 24 2023 | 6:01 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com