New energy outlook: India

ndia’s transition to a diversified and low-carbon energy system is already underway, driven by supportive national policies and favorable economics. India’s national and state governments, businesses and civil society now have the opportunity to accelerate the deployment of mature clean technologies such as solar, wind and electric vehicles as well as the development of new technologies such as clean hydrogen and carbon capture and storage to decarbonize the country’s economy. This outlook explores India’s energy transition pathways based on the two scenarios developed in BloombergNEF’s New Energy Outlook. Using these scenarios, the report explores the implications for India’s power, industry, transport, and buildings sectors, and charts out the investments and policies needed to help India achieve net-zero emissions by 2050. The Net Zero Scenario shows that India can dramatically reduce fossil fuel imports, while strengthening energy access. This is the most economic way for the country to reach its 2047 AatmaNirbhar Bharat energy independence goal.

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