Introduction
Mint Energyscape Conclave 2022 is a marquee event on India’s energy policy and corporate calendar. Held annually since 2010, it is the most awaited yearly fixture for policy makers, industry captains, academicians and top bureaucrats to meet and discuss the way ahead for India’s energy security playbook.
Mint Energyscape Conclave to be held this year in New Delhi will focus on India’s energy transition at a time when the global energy markets have been buffeted by headwinds such as Ukraine war, a rally in international energy prices, and increasing geo-political uncertainties. Given India’s commitment to combat climate change at COP26 at Glasgow in November last year, the Summit will also look at efforts undertaken to achieve our climate goals, as the nation’s economy undergoes an energy transition that will have major reverberations on geo-politics and global economy.
The Summit to be held in evening will focus upon how climate change is affecting India’s green energy goals at a time when there is no immediate alternative for coal as a fuel for providing the base load for India’s energy mix. Also, with the proposed carbon tax by the European Union and the growing focus on ESG investing, several large corporates are trying to get their act ready. In the backdrop of fears of an impending global recession, the Summit will also debate and deliberate upon new technologies in energy efficiency, carbon reduction and green fuels technologies such as green hydrogen among others.
These deliberations come at a time when the pledge made by Prime Minister Narendra Modi at the COP26 summit in Glasgow in November last year to cut India’s total projected carbon emission by 1 billion tonnes by 2030 is playing out. With the commitment also including reducing the carbon intensity of the nation’s economy by less than 45% by the end of the decade and net-zero carbon emissions by 2070; a host lot of opportunities has opened up for India Inc. in fields such as electric vehicles (EVs) and energy storage. Also, meeting half of India’s energy needs from renewable energy by 2030 and increasing non-fossil fuel power generation capacity to 500GW by the end of this decade is an ambitious target that offers an unique set of challenges and opportunities. A case in point being India planning to set up a $5 billion fund for financing the green mobility push. As part of Mint’s tradition of initiating conversations around India’s growth imperatives, the Summit will try to address these critical issues.
