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> What is that going to look like as the country develops further? Will low carbon continue to grow, or will they be forced to reach for easier alternatives to
by alephnerd 2y ago
> What is that going to look like as the country develops further? Will low carbon continue to grow, or will they be forced to reach for easier alternatives to scale quickly?
Renewables are getting a MASSIVE push from the Indian government as it's dual use and helps upskill Indian manufacturing, and more critically a lot of capital (foreign and domestic) is being reallocated towards renewable capacity building.
That said, coal consumption will continue to expand for the foreseeable future.
There's a good overview by Bloomberg (their Investment team, not the loss leading news team) into this [0]
India and China view renewable energy from an "Energy Security" perspective, not a "Climate Change" perspective.
[0] - https://assets.bbhub.io/professional/sites/24/BNEF-Financing-India%E2%80%99s-2030-Renewables-Ambition_FINAL.pdf https://assets.bbhub.io/professional/sites/24/BNEF-Financing...