In a joint effort to address India’s energy trilemma of energy security, equity, and environmental sustainability, The Energy and Resources Institute (TERI) and Shell have released a report titled “INDIA TRANSFORMING TO A NET-ZERO EMISSIONS ENERGY SYSTEM.” The report presents four potential scenarios aiming to achieve net-zero emissions in India’s energy system by the latter half of the century.
The report emphasizes key actions that must be taken in the decisive decade from now until 2030 to realize India’s commitment to becoming a net-zero emissions nation while ensuring energy security and equity. Among the recommended actions are increasing electrification in various sectors, meeting electricity demand with non-fossil sources, and developing low-carbon alternatives such as hydrogen and biofuels. Digital solutions and circular economy business models are also advocated to drive resource efficiency and support the energy transition.
Speaking at the launch, Nitin Prasad, Chairman of Shell Group of Companies in India, highlighted the pivotal role of renewable energy, energy efficiency, and electrification in India’s decarbonization journey. Dr Vibha Dhawan, Director of TERI, stressed the need for a supportive regulatory framework to promote growth and innovation, and encouraged businesses to invest in renewable energy, hydrogen, and bioenergy sectors.
The report identifies ten key areas for policy and investment action over the next decade, including expanding electricity transmission networks, investing in energy storage and renewables integration, implementing carbon capture and storage (CCS), and introducing carbon pricing measures to drive low-carbon businesses and consumer choices. It also calls for sectoral collaborations and equitable sharing of costs and benefits to ensure a just transition.
The report signifies India’s potential to become a global front-runner in low-carbon technologies and solutions while contributing to broader sustainable development goals. With concerted efforts from the government, businesses, and civil society, India can pave the way for a future driven by low carbon and energy-efficient technology, setting a path for a climate-friendly economy.