India’s transition to renewable energy faces regulatory challenges, requiring a national perspective for effective implementation. Achieving 500 GW of green energy by 2030 is feasible with unified efforts. Investments in green hydrogen and grid-interactive buildings are crucial for sustainability goals. India’s electricity consumption remains below the global average. “The substratum of energy, investment and future lies in the policy legal and regulatory framework. If you do not enforce properly, if contracts are not signed in time after the bid and if tariffs change, problems are bound to arise. We have instruments but we have nit utilised them fully. We are on a path which are overtaking the institutions but the institutions have to be brought up to speed. We have got three years to get the carbon market going. It took longer than what it should have. It should not have taken more than a year,” said Amit Kapur, partner, JSA Advocates & Solicitors. Read more
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