Indian Energy Policy and Strategy: Pre- and Post- copenhagen 2009

Abstract

Published by Palgrave MacmillanIndia is an extraordinarily diverse democratic country with one of the fastest growing economies in the world. It is the world’s sixth largest consumer of energy. Interest in its energy policies and strategies is escalating due to their huge impact on geopolitical relations, global energy prices and climate change. Its current per capita energy consumption and GHG emission values are low; however, these are bound to increase if it continues on the path of development that the West has followed. If India is to ‘leapfrog’ the already well-trodden path to one that ensures sustainable development, it is imperative for the country to redefine its development paradigm in order to ensure inclusive growth. Unsustainable subsidies, poor reform implementation, distorted energy prices and inadequate investment in renewables are some of the major constraints that the Indian government needs to re-examine so as to increase energy security and provide a framework for transition to a low-carbon economy. In addition to innovative energy policies such as the National Solar Mission, the National Mission on Enhanced Energy Efficiency and the National Mission on Sustainable Habitat, India needs to adopt a framework for decoupled growth, which we consider as an increase in the quality of life for its citizens without an increase in environmental damage. Since 2008 India has demonstrated that it is serious about changing its growth pattern and moving towards clean energy alternatives. However, this vision will not be fully realised unless the global North provides technical and financial assistance to collectively mitigate the adverse impact of global warming and subsequent climate change.