Drivers, Apparatus, and Implications of India’s Renewable Energy Ambitions

Chapter
Part of the Lecture Notes in Energy book series (LNEN, volume 61)

Abstract

India’s renewable energy growth has been historically driven by a domestic political economy centered around finding an appropriate and cost-effective balance between different energy sources and various categories of energy consumers. While the contestations between different interests at the domestic level will continue—and even grow to an extent—the international political economy of energy, in general, and renewable energy, in particular, will assume greater significance in the near to medium term. In the long run, a new equilibrium might emerge in India’s energy sector but at this stage, it would be foolhardy to attempt any deterministic forecasts in that regard. As India becomes the largest and one of the most dynamic market places for renewable energy in the world, it will need to remember the drivers of the market—energy access, job creation, climate change, and energy security. The success of the sector will hinge on the ability of renewable energy to respond to each of these drivers. Equally, the complex policy and regulatory apparatus promoting, monitoring, and adjudicating the advances of the renewable energy sector has played, and will continue to play, an integral role in determining the pace and form of India’s renewable energy deployment. There is growing focus and impact of renewable energy deployment and ambition on India’s domestic and foreign policy. These implications range from energy security, climate leadership, and bilateral, multilateral, and plurilateral energy cooperation.

Keywords

Renewable energy Policy and economy Energy planning Foreign policy Market drivers 

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Copyright information

© Springer International Publishing AG 2018

Authors and Affiliations

  1. 1.Council on Energy, Environment and Water (CEEW)New DelhiIndia

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