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- Gauri Jauhar
How does India’s commitment to deep decarbonization in the near term, and to net zero by 2070 at the Glasgow COP26 fit in the context of the country’s multiple, sometimes conflicting, policy objectives of energy security, affordable access, and environmental integrity? Against this backdrop, how will India deliver on its multiple promises and manage its energy transition? What are the long-term strategies for the coal sector, with its strong political-economic implications? How will the financially ailing distribution companies manage growing shares of variable renewables and electric vehicles while maintaining grid reliability? What is the roadmap and expectations from new or nascent technologies such as batteries, hydrogen, and CCUS? Is there a role for gas as a bridge fuel in the transition or will coal continue to be the king? What reforms are needed in the governance and fiscal space to introduce dynamism into India’s low-carbon inclusive growth aspirations?
Rebounding from the pandemic with 6% real GDP growth, the Asia Pacific region underpinned most of the 2021 global increase in power generation, witnessing one of the region’s strongest annual natural gas demand increases over the last decade. Economic growth impacts both energy demand and energy mix as policies adjust, balancing economic growth, supply security, and sustainability. Asia Pacific faces the net zero test: meeting growing energy demand while lowering emissions to meet the Asian energy transition requirements. Major Asian economies have announced net-zero emission goals for the next 30 to 50 years. Partnerships across domains of energy, technology, and finance will be essential for the energy transition. Which technologies will drive Asia Pacific’s energy mix? Which mature and new technologies will meet net-zero targets, while securing energy demand? How will energy technology partnerships evolve to meet the requirements of the Asia Pacific energy mix? What criteria will the financial sector deploy to fund energy transition in Asia Pacific?