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So far, energy transition has been considered a decarbonization strategy. The conflicts that have roiled various parts of the world in recent years have shown that it’s time to view transition in terms of energy security.
In the first episode of Talking Energy, a podcast that looks at the policy choices shaping India’s energy security and energy transition, Mr. Bhupinder Bhalla, Former Secretary, Ministry of New and Renewable Energy, and Jagjeet Sareen, Partner and India Head, Dalberg Advisors, put the issue into perspective. Let’s look at India’s energy consumption. Electricity constitutes only 19%. The rest is consumed by sectors such as industry and transport. If these sectors were to electrify, India’s dependence on imported fuel, would substantially reduce. And, as a result, the impact of global disruptions would be mitigated.
