Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, entered into a long-term partnership with Dioxycle to develop and scale low-carbon chemical production in India. The collaboration marks a significant step toward creating a sustainable chemical manufacturing ecosystem that combines captured carbon dioxide, renewable electricity and advanced clean-technology processes.
Pilot Plant to Produce Renewable Formic Acid
The partnership will begin with a pilot facility at an Adani Group site that will manufacture formic acid using captured carbon dioxide and renewable electricity. Once the pilot successfully validates the technology, both companies plan to scale up the process for commercial production. Formic acid and its derivatives are widely used in textiles, agriculture, leather processing, industrial manufacturing, and chemical synthesis. The project aims to demonstrate how captured carbon emissions can be converted into valuable industrial products through the use of clean energy.
Combining Clean Technology with Industrial Scale
The collaboration brings together Dioxycle’s electrically driven chemical manufacturing technology and the Adani Group’s strengths in renewable energy, infrastructure development and large-scale project execution. Together, the partners aim to create a cost-competitive and scalable model for sustainable chemical production that can support both domestic demand and future export opportunities.
Leadership Commentary
Jeet Adani, Director, Adani Group informed, “We are proud to pilot India’s first formic acid production facility powered entirely by renewable electricity and captured carbon. This partnership with Dioxycle demonstrates how strategic industrial synergies can transform carbon liabilities into sustainable, cost-effective economic assets.”
Dr. Sarah Lamaison, CEO and Co-Founder, Dioxycle added, “The partnership demonstrates how clean technology and industrial scale can come together to reshape the production of essential chemicals. India offers a unique combination of renewable energy, manufacturing capability and ambition.”
Expanding Beyond Formic Acid
In addition to formic acid, the companies will explore opportunities to develop a broader portfolio of low-carbon chemicals for sectors such as energy, materials, packaging, manufacturing and industrial processing. Many of these industries continue to depend heavily on fossil-based feedstocks and face increasing pressure to reduce carbon emissions.
Strategic Entry into the Chemicals Sector
For the Adani Group, the initiative represents a strategic entry into the chemicals business. The move builds on the group’s established presence in renewable energy and infrastructure while expanding its portfolio of future-ready industrial businesses. The partnership also highlights growing India-Europe collaboration in clean technologies. As per the press release, as global supply chains increasingly seek sustainable manufacturing alternatives, India is emerging as a preferred destination for advanced industrial production.
GP Petroleums Limited announced that its joint venture company, Amron Oil Resources Pvt Ltd, has been selected by Indian Oil Corporation Ltd as the operating partner for IOCL’s bitumen cell at Pipavav. Amron Oil Resources is a 50:50 joint venture between GP Petroleums and West Coast Oils LLP. The company manufactures a range of speciality bitumen products, including bitumen emulsions, Polymer Modified Bitumen (PMB) and Crumb Rubber Modified Bitumen (CRMB). These products play a critical role in road construction, highway development and transport infrastructure projects across India.
Operations Commence at Pipavav Facility
Bulk bitumen dispatches from the Pipavav facility began on June 4, 2026. IndianOil inaugurated the facility under its SPRINT 2026 Mission Excellence initiative, which focuses on improving operational efficiency and strengthening infrastructure capabilities. GP Petroleums expects the Pipavav bitumen cell to significantly improve the supply of speciality bitumen products across Gujarat and neighbouring regions.
In addition, the facility’s strategic location near Pipavav Port is likely to:
Enhance logistics efficiency
Reduce transportation lead times
Support faster delivery for infrastructure projects
Improve supply chain responsiveness
Strengthening GP Petroleums’ Infrastructure Presence
By securing the operating partnership, Amron Oil Resources expands GP Petroleums’ footprint in the speciality bitumen segment. The development also strengthens the company’s participation in India’s rapidly growing road, highway and transport infrastructure sector. As reported by businessworld.in, as infrastructure investments continue to rise across the country, the Pipavav partnership positions GP Petroleums to benefit from increasing demand for advanced bitumen solutions used in modern road construction.
Tanfac Industries Limited, one of India’s leading fluorine chemical manufacturers, raised ₹250 crore through a Qualified Institutional Placement (QIP). The transaction marks the company’s first equity capital raise in more than three decades and represents a major milestone in its long-term growth strategy.
Focus on HFC-32 Refrigerant Gas and Value-Added Fluorochemicals
TANFAC plans to use the QIP proceeds primarily to:
Establish a new HFC-32 refrigerant gas manufacturing plant
Expand downstream fluorinated chemical capacities
Support general corporate purposes
As a result, the company aims to strengthen its presence in the high-value refrigerant gas segment while broadening its portfolio of value-added fluorochemical products.
Management Commentary
“The successful completion of the QIP marks an important milestone in TANFAC’s growth journey and reflects the strong confidence reposed by institutional investors in the Company’s long-term strategy and growth prospects,” said Afzal Malkani, Managing Director. He added that the funds will support the proposed HFC-32 project, expansion of downstream fluorochemical capacities, and other strategic initiatives.
TANFAC has already secured three consecutive long-term supplier arrangements with leading global customers, providing strong revenue visibility. Alongside capacity expansion, TANFAC is investing in backward integration by increasing its hydrofluoric acid (HF) and sulphuric acid capacities. These investments are expected to enhance raw material security, reduce dependence on external suppliers, improve cost competitiveness, strengthen operating margins.
Strategic Outlook
With fresh capital, long-term customer contracts, and planned backward integration, TANFAC is positioning itself for the next phase of growth in the refrigerant gas and specialty fluorochemical markets. As per company press release, the company’s expansion into HFC-32 manufacturing, coupled with strong demand visibility from domestic and international customers, could significantly strengthen its market position in the coming years.
Climate initiatives, fossil fuel use and subsidies remain entrenched, locking in decades of emissions. The years 2020–2024 illustrate this tension vividly, with record emissions rebounding post-pandemic alongside record renewable deployments. Natural carbon sinks, once absorbing nearly half of human emissions, are weakening, amplifying urgency. Sectoral contributions remain dominated by power, industry and transport, while policy gaps persist between ambitious net-zero pledges and weak implementation. Emerging solutions—solar, wind, battery storage, green hydrogen, CO₂ valorisation and carbon capture—show promise but require rapid scaling, systemic integration and equitable transition frameworks. Achieving climate stability will demand not just a net-zero but a net-negative trajectory, where CO₂ is transformed into valuable fuels, chemicals and materials. The decisive decade to 2030 offers a narrowing but critical window: choices made now will determine whether humanity secures a sustainable, resilient and just energy future.
Introduction
Energy and environment are intimately connected and particularly the use of fossil sources for the production of various hydrocarbons and fuels have led to massive emissions of carbon dioxide, a greenhouse gas (GHG). Since 1750,
when the CO2 concentration in the atmosphere was around 280 ppm, with the advent of petroleum refineries and coal based power plants, the emissions increased substantially leading to rise of atmospheric temperature and climate change.
Due to industrialisation and massive increase in transport, more carbon based fuels have been consumed. The critical technological challenge of this century is thus securing a continuous supply of energy, amid rapidly escalating global demand, while decisively transitioning away from carbon-intensive fossil fuels to curb GHG, particularly CO₂. The years 2020 to 2024 encapsulate this dual struggle vividly. Emissions plummeted in 2020 amid global lockdowns due to the COVID 19 pandemic, rebounded in 2021 and then forged new records: the fossil CO2 was ~36.6 Gt (2022), ~37.4 Gt (2023) and ~37.8 Gt (2024). Although economic growth outpaced emissions growth in 2024, atmospheric CO₂ concentrations still surged to ~424 not reversed, the upward trend; the carbon economy remains resilient, demanding far more rapid, systemic shifts.
Systemic Impacts of the Energy Transition
The energy transition is not only about substitut-ing fossil fuels with renewables but also about recon-figuring the very structure of global economies and societies. It affects labour markets through the decline of fossil fuel dependent industries and the growth of renewable energy jobs, reshapes consumer behaviour via electrification and efficiency, and requires new institutional frameworks for governance and finance. Moreover, it intersects with globalisation, technologi-cal innovation and socio-economic development, mak-ing electricity systems a key barometer of progress. Countries that succeed in modernising their power grids, scaling up energy storage and fostering green industrial policy are likely to emerge as leaders in the new energy economy. Those that lag may face risks to competitiveness, energy security and long-term resil-ience.
One bold idea is the creation of a universal or interconnected global grid, for example, operating at a standardised voltage (such as 1100 V) and enabling near 24×7 renewable power supply by linking solar-rich and other renewable-rich regions across countries. Such transnational grid integration could balance time-zone differences, reduce intermittency and improve global energy access.
While initiatives like the International Solar Alliance (ISA) and the “One Sun, One World, One Grid” (OSOWOG) vision (championed by India and supported at COP26) touch upon this concept, it was not formally part of the Paris Agreement (2015). The Paris Agreement focused mainly on emissions reduction commitments (NDCs), climate finance, adaptation and transparency mechanisms, not on global grid standardisation
Policy Urgency and the Decisive Decade
Taken together, the science makes clear that the next 5 – 10 years will be decisive in determining the trajectory of the planet’s climate system. Failure to implement immediate, large-scale reductions risks locking the world into a pathway of dangerous warming with irreversible consequences for ecosystems, economies and human well-being. Stronger policies, ranging from carbon pricing and subsidy reform to accelerated renewable deployment, resilient infrastructure and just transition frameworks, are essential to bridge the gap between ambition and action. The window is rapidly narrowing, but decisive choices made this decade can still ensure a liveable future (IPCC; UNEP).
Renewable Energy Technologies: Evidence from Science and Sector Studies
Solar PV: Over the past decade, utility-scale and distributed solar PV have achieved dramatic cost and performance gains. Technological learning, economies of scale and supply-chain optimisation have driven down levelised costs of electricity (LCOEs) to levels comparable with or cheaper than, the most competitive new fossil fuel plants across many regions (IEA). Modern silicon-based modules now routinely achieve lifetimes of 25 years or more. Recycling and circular-economy pathways are advancing, including recovery of silicon, glass and critical metals, though large-scale collection systems and supportive end-of-life policies remain under development.
Wind (onshore and offshore): Innovations in rotor design, segmented blades, advanced control systems and taller towers have increased turbine efficiency and project flexibility. Low-specific-power turbines with hub heights exceeding 100 m can capture stronger, steadier winds, raising capacity factors and reducing costs per MWh. Offshore wind, in particular, is ben-efiting from larger turbines, floating foundations and better siting practices, which are unlocking significant new resource potential (ATB; Energy Technologies Area). Newer designs combining both solar and wind power have been advanced to improve economics as well as space. Apparently about 15% of power is con-tinuously produced through the wind blades and the remaining by solar.
Hydropower: Large-scale hydro remains the world’s most important dispatchable renewable, offer-ing seasonal storage, grid inertia and balancing ser-vices. However, its output is increasingly sensitive to hydrological variability, with droughts and reduced reservoir inflows lowering generation in key produc-ing countries. Pumped hydropower continues to pro-vide the most cost-effective long-duration storage solu-tion, but integrated water–energy planning is needed to secure its role in a changing climate (IEA).
Nuclear Energy: Nuclear energy is indeed a low-carbon source, producing very little CO₂ during electricity generation. It plays a critical role in many countries’ efforts to decarbonise the power sector. One of the current technological trends is the growing interest in Small Modular Reactors (SMRs), which promise faster deployment, lower upfront costs and suitability for remote or difficult-to-serve areas. France remains a world leader in nuclear energy. It has about 56 operable reactors with a combined installed
capacity of ~61.4 GW electric as of end-2022. Its nuclear plants supplied approximately 62-63% of its electricity in 2022 and recent figures for 2024 show a share closer to 67-70% of power generation coming from nuclear sources. India has set ambitious goals: the government aims to reach 100 GW of nuclear power capacity by 2047 under its newly announced Nuclear Energy Mission. As of April 2025, India’s current installed nuclear capacity is about 8.8 GW, with roughly 6.6 GW under construction and about 8 GW more in planning phase, which suggests steady progress but also a long way to go to hit the 100 GW target. The plan includes launching five indigenously developed SMRs by 2033, with a research and development budget of about Rs 20,000 crore (~US$2.4-3 billion) allocated for that purpose.
Biomass and Biogas: Sustainably sourced biomass and upgraded biogas (biomethane) can provide dispatchable renewable power, industrial heat and feedstocks while closing nutrient and carbon cycles. The climate benefits depend heavily on feedstock type, land-use impacts and system boundaries. Studies emphasise prioritising waste and residue streams over dedicated energy crops to maximise life-cycle GHG reductions and avoid competition with food systems. Food waste and agricultural biomass for producing GH2 and bio-CNG are being studied widely.
Geothermal and niche Renewable Energy Systems (RES): Geothermal power and concentrated solar power (CSP) offer firm, low-carbon electricity and process heat in regions with suitable geology or solar resources. Although their deployment is geographically constrained, these technologies are strategically valuable for decarbonising heavy industry and heating systems (IEA). ONGC Energy Centre (OEC) has proposed a geothermal plant in the Ladakh region. Drilling operations for the Puga Valley geothermal pilot (1 MW) have resumed after a hiatus to upgrade equipment, with two wells planned (~1,000 m depth) in search of temperatures above 200 °C and the project is nearing completion of its first geothermal well.
Technical Challenges and System Integration
A major technical challenge is the intermittency of variable renewables such as wind and solar. Ensuring system reliability requires a diversified portfolio: short-duration batteries for diurnal balancing, long-duration storage solutions such as pumped hydro, hydrogen or thermal storage for seasonal shifts, demand-response mechanisms and advanced digital grid controls. Cross
-border interconnections further reduce variability by pooling geographically diverse resources. Some published reviews and IEA analyses highlight that the most cost-effective near-term strategy combines batteries, smart grids and flexible generation, with hydrogen and other long-duration technologies scaling up in the 2030s (IEA).
Energy Security, Resilience and Social Dimensions
Decentralisation and resilience: Distributed renew-ables such as rooftop solar, community microgrids and behind-the-meter storage enhance resilience by reducing single points of failure and import dependencies. Microgrids can operate independently during disturbances, maintaining essential services, while aggregations of distributed energy resources increasingly provide ancillary grid services like frequency control and black-start capabilities (IEA).
The Government of India’s policy to install 10 million rooftop solar systems is a transformative step. By connecting household-generated solar power to the central grid, ordinary citizens can actively participate in the clean energy transition while also earning additional income from surplus electricity.
To fully realise this vision, however, the capacity and flexibility of the power grid must be substantially enhanced. At present, states such as Maharashtra allow solar producers to supply power to the state grid only during limited time windows. This creates a major bottleneck and results in significant losses, both for households and for the renewable energy ecosystem as a whole.
Several policy measures can help overcome this challenge. First, households should be encouraged to pair rooftop solar with battery storage, so that excess energy generated during the day can be stored and supplied to the grid during peak evening demand. Second, utilities should adopt dynamic tariffs, where households receive higher payments for exporting electricity at times of greatest demand rather than only during the daytime. Third, power generated by multiple households can be aggregated into regional pools or “virtual power plants,” allowing small producers to participate collectively in state and national electricity markets.
In parallel, there is a need for significant investm-ent in upgrading transmission and distribution infrastructure to handle two-way flows of electricity. Smart grids and digital monitoring systems can further strengthen stability by managing fluctuations in real time. In addition, utilities could offer long-term purchase agreements to households, similar to power purchase agreements (PPAs) for large solar projects, ensuring both stable incomes for producers and predictable supply for the grid. Finally, rooftop solar must be integrated with national initiatives such as the “One Sun, One World, One Grid” vision and India’s green hydrogen mission, so that surplus power can also support energy storage, electric vehicle charging and hydrogen production.
Together, these measures would enable rooftop solar to go beyond reducing household electricity bills. It would transform citizens into active “prosumers” both producers and consumers of clean energy, while creating a more democratic, resilient and sustainable energy economy for India.
Cross-border cooperation: Regional integration through interconnectors and market coupling smooths renewable variability by leveraging geographic dive-rsity; for example, southern solar, northern hydro and western wind resources in Europe. Studies show that coordinated pan-regional transmission and market design significantly reduce system costs and curtailment at high renewable penetrations (IEA).
Just and inclusive transition: The success of the energy transition depends not only on technologies but also on governance, equity and socio-economic policy. Literature stresses the importance of reskilling workers, supporting fossil fuel dependent regions and ensuring universal access to affordable clean energy. Social safeguards and inclusive financing are essential to prevent dislocation and to ensure that the benefits of transition are broadly shared (IEA).
Employment and Economic Benefits
Renewable energy has become a major source of global employment and economic growth. Recent assessments by IRENA, ILO and REN21 estimate that the sector supports between 13–16 million direct and indirect jobs, depending on methodology and year, with solar PV, bioenergy and hydropower accounting for the largest shares (IRENA 2023; ILO 2022; REN21 2023). Employment is distributed across the value chain — from design and engineering to manufacturing, construction, operations and maintenance (O&M), and recycling. Importantly, these jobs tend to be more geographically anchored than fossil fuel jobs, generat-ing stable local value while reducing exposure to vola-tile global commodity markets. Domestic supply-chain development, local content requirements and targeted workforce training amplify the economic multiplier of renewable investments (ILO 2022; REN21 2023).
Job Creation Dynamics
Solar PV and onshore wind installations generate a higher number of construction and installation jobs per megawatt compared with centralised fossil-based plants. Manufacturing hubs for modules, inverters and turbine components can concentrate employment regionally, but also open export opportunities. Investment in renewables stimulates parallel growth in manufacturing, O&M and grid infrastructure upgrades. Empirical modelling suggests that every US$1 billion invested in renewable energy yields higher GDP and employment than an equivalent investment in fossil fuels, as shown in multiple IEA and IRENA case studies (IEA 2022; IRENA 2023).
Green Hydrogen and Industrial Decarbonisation
Green hydrogen, produced via electrolysis pow-ered by renewable electricity, is widely seen as essen-tial for decarbonising hard-to-abate sectors. In iron and steel, hydrogen-based direct reduced iron (DRI) com-bined with electric arc furnaces can replace coal-based primary steelmaking. In cement and lime, hydrogen offers high-temperature heat and low-carbon clin-ker alternatives. In aviation and shipping, hydrogen-derived fuels such as green ammonia and methanol are leading candidates for long-haul and heavy trans-port, where batteries are less feasible. In chemicals and fertilizers, green hydrogen can directly substitute the “grey” hydrogen currently used in ammonia and downstream chemical production (IEA 2022; Financial Times 2023).
Green Ammonia: Green ammonia is emerging as a key pillar of the clean energy transition, produced by synthesising nitrogen and hydrogen where the hydrogen comes from renewable-powered electrolysis instead of fossil fuels. Unlike conventional ammonia, which contributes significantly to CO₂ emissions, green ammonia offers a carbon-free alternative for fertilizer production, long-duration energy storage and as a potential fuel for shipping and power generation. Its advantages include high energy density, easier storage and transport compared to hydrogen and compatibility with existing global ammonia infrastructure. Countries leading investments in green ammonia include Australia, Japan, Saudi Arabia, India, Germany and the Netherlands, with major projects underway in the Middle East and Northern Europe aimed at both domestic use and export markets. Together, these initiatives position green ammonia as a strategic enabler of global decarbonisation in both energy and agriculture.
Storage and system services: Beyond industrial uses, hydrogen can serve as long-duration seasonal storage and as a versatile feedstock for synthetic fuels (power-to-X). Electrolyser co-location with large renewable plants minimises curtailment and creates predictable production profiles. However, technical barriers remain: round-trip efficiencies are relatively low (30–45% for power → H₂ → power), electrolyser capex and durability are still under pressure and storage/transport infrastructure is costly. Achieving cost competitiveness depends on scaling electrolysers and reducing renewable electricity costs (IEA 2022; AP News 2023).
Scale and policy momentum: Despite strong policy momentum, with more than 40 countries adopting national hydrogen strategies, green hydrogen accounts for less than 1% of global production today. Scaling up deployment, particularly in heavy industry and shipping, is critical to reduce costs and reach parity with fossil-based hydrogen under carbon pricing or low-cost renewable scenarios (IEA 2022; Financial Times 2023).
Regional and Global Momentum
Renewables expansion is accelerating across key regions. China continues to dominate global solar deployment, adding about 87 GW in 2022, an unprecedented 216 GW in 2023 and a further 277 GW in 2024, taking its cumulative installed solar capacity to nearly 887 GW by the end of 2024. In comparison, India added around 13.4 GW in 2022, but saw a slowdown to ~7.5 GW in 2023 due to policy and supply-chain challenges. However, India rebounded strongly in 2024 with 24.5 GW of new solar capacity, its highest-ever annual addition, bringing cumulative installations to around 96 GW by early 2025. China remains far ahead: i ~ 76 GW of new wind power, bringing its total wind capacity to around 441 GW. India, by contrast, added 3.4 GW of wind capacity in 2024, raising its total wind capacity to about 48.16 GW.
The European Union has rapidly scaled up solar and wind power: in 2024 alone, the EU installed around 60 GW of solar PV, maintaining similar additions as in 2023, which helped accelerate the decline in fossil generation; wind and solar together avoided €59 billion in fossil fuel import costs (gas + coal) for the EU power sector due to gains under the European Green Deal and REPowerEU.
In the United States, the Inflation Reduction Act (IRA) has catalysed a record-year for solar installations: in 2024, about 50 GW of new solar capacity was added, accounting for 84% of all new electricity generation capacity added that year, driven by the incentives under the IRA.
Decentralisation, Community Participation and Resilience
Distributed energy resources such as rooftop PV, community wind, and small-scale biogas provide critical resilience benefits by reducing transmission losses, improving local reliability and enabling modular, staged investments. Microgrids with integrated storage offer black-start capability and islanding for critical infrastructure during outages, which is particularly valuable for disaster-prone regions. Beyond technical advantages, community and prosumer energy models generate local economic benefits, from lower household bills to land lease revenues, while also enhancing social acceptance of renewable projects. Evidence from Europe and developing countries shows that community energy models strengthen social buy-in and provide sustained local employment and fiscal benefits (ILO 2022; REN21 2023).
The Path Ahead: From Awareness to Action
The period from 2020 to 2024 revealed both the fragility and the resilience of global energy and climate systems. On one hand, the rapid rebound of emissions following the COVID-19 slowdown and the continued expansion of fossil fuel infrastructure underscored how deeply entrenched carbon-intensive pathways remain (IEA 2023a; Global Carbon Project 2023). On the other hand, these same years witnessed record-breaking growth in renewable energy deployment, proving that the technological and economic foundations of a cleaner future are already being laid (IRENA 2023; REN21 2023). This duality highlights both the urgency of accelerating change and the possibility of success when innovation, policy and public will align.
To remain within the 1.5°C limit set by the Paris Agreement, the world must achieve annual fossil CO₂ emission reductions of roughly 4–5% throughout this decade (IPCC 2021, AR6). This means halting the development of new coal and gas assets, redirecting finance toward clean energy and ensuring that the transition is just and equitable for workers and communities most exposed to disruption (ILO/IRENA 2023; UNFCCC 2022). Beyond the technical challenge, international cooperation is indispensable—climate change is a global crisis that no nation can solve alone (IPCC 2022).
The energy transition is therefore not just about substituting one fuel with another. It represents a systemic transformation of how societies consume, produce and value energy; how capital is allocated; and how institutions support resilience and inclusion (IEA 2023b; REN21 2023). The years 2025 to 2030 represent a decisive window: actions taken now will either place the world on a trajectory consistent with net-zero pathways or lock humanity into patterns of irreversible climate damage.
Conclusion
The evidence from 2020 to 2024 makes clear that the world stands at a historic crossroads. The technological potential of renewables is no longer in doubt, political commitments are multiplying and public awareness of the climate emergency is at its peak. Yet emissions remain stubbornly high and collective action lags far behind ambition. Renewable energy is no longer peripheral; it is the cornerstone of climate resilience, economic modernisation and energy justice. The next five years will determine whether humanity seizes this opportunity or locks itself into unsustainable pathways. The choice is stark and the imperative is urgent: decisive action must happen now.
References
(Many data were sourced from different websites and newspapers and published scientific literature including the following.)
Biogas / Biomethane reviews (e.g., López et , Applied Sciences 2024; Kabeyi, Sustainable Energy 2022).
D. Yadav, The Net Zero Goal and Sustainability: Significance of Green Hydrogen Economy in Valorization of CO2, Biomass and Plastic Waste into Chemicals and Materials Climate Action and Hydrogen Economy: Technologies Shaping the Energy Transition, Book chapter, pp 61-90 (2024). https://doi. org/10.1007/978-981-99-6237-2_4.
D. Yadav, Carbon Dioxide as the New Oil Reservoir of the Future Towards Sustainable Future: Green Hydrogen, Biofuel, Renewable (Life Style for Environment) Ed: J.P. Gupta, Karen Landmark, Sarala Balachandran, Chapter 6.1, pp 362-379 (2023).
Global Carbon Project (2023). Global Carbon Budget
IEA (2023a). Global Energy Review International Energy Agency.
IEA (2023b). World Energy Outlook International Energy Agency.
IEA, Electricity – Renewables 2024 and World Energy Outlook 2024 — authoritative global projections and policy analysis on renewables, storage and
IEA, Global Hydrogen Review 2023 and World Energy Outlook/World Energy Investment (2023–2024). Ember & SolarPower Europe / European Commission analyses — data and policy assessments showing avoided gas expenditures from wind and solar in 2022 and REPowerEU targets (biomethane 35 bcm). Useful for EU-specific claims.
IEA, World Energy Investment 2023 — capital flows, investment needs and financing challenges for the
ILO/IRENA (2023). Renewable Energy and Jobs – Annual Review 2023.
IPCC (2021, 2022). AR6 Climate Change 2021: The Physical Science Basis and 2022 Mitigation of Climate Change. Intergovernmental Panel on Climate
IRENA (2023). Renewable Capacity Statistics 2023. International Renewable Energy Agency.
IRENA, Renewable Power Generation Costs (2024) – comprehensive data on LCOE and cost learning for wind, solar and other renewables.
IRENA, Renewable Power Generation Costs (2024) — comprehensive data on LCOE and cost learning for wind, solar and other renewables.
Jacobson, et (2024) and other peer-reviewed articles on batteries vs. hydrogen for grid storage — technical comparisons of reliability and cost tradeoffs.
LBNL / Lawrence Berkeley National Laboratory — technology advancement summaries for wind and PV (see LBNL reports cited in earlier search results).
NREL, Land-Based Wind Market Report 2023 and technology briefs — evidence on taller towers, rotor design and capacity factor improvements.
Peer-review & technical studies: LBNL and NREL wind/PV technology briefs and Lazard/IRENA cost analyses for LCOE, life-cycle, recycling and material-supply constraints.
REN21 (2023). Renewables Global Status Report REN21 Secretariat.
UNFCCC (2022). NDC Synthesis Report. United Nations Framework Convention on Climate Change.
Climate initiatives, fossil fuel use and subsidies remain entrenched, locking in decades of emissions. The years 2020–2024 illustrate this tension vividly, with record emissions rebounding post-pandemic alongside record renewable deployments. Natural carbon sinks, once absorbing nearly half of human emissions, are weakening, amplifying urgency. Sectoral contributions remain dominated by power, industry, and transport, while policy gaps persist between ambitious net-zero pledges and weak implementation. Emerging solutions—solar, wind, battery storage, green hydrogen, CO₂ valorisation, and carbon capture—show promise but require rapid scaling, systemic integration, and equitable transition frameworks. Achieving climate stability will demand not just a net-zero but a net-negative trajectory, where CO₂ is transformed into valuable fuels, chemicals, and materials. The decisive decade to 2030 offers a narrowing but critical window: choices made now will determine whether humanity secures a sustainable, resilient, and just energy future.
Introduction
Energy and environment are intimately connected and particularly the use of fossil sources for the production of various hydrocarbons and fuels have led to massive emissions of carbon dioxide, a greenhouse gas (GHG). Since 1750, when the CO2 concentration in the atmosphere was around 280 ppm, with the advent of petroleum refineries and coal based power plants, the emissions increased substantially leading to rise of atmospheric temperature and climate change.
Due to industrialization and massive increase in transport, more carbon based fuels have been consumed. The critical technological challenge of this century is thus securing a continuous supply of energy, amid rapidly escalating global demand, while decisively transitioning away from carbon-intensive fossil fuels to curb GHG, particularly CO₂. The years 2020 to 2024 encapsulate this dual struggle vividly. Emissions plummeted in 2020 amid global lockdowns due to the COVID 19 pandemic, rebounded in 2021, and then forged new records: the fossil CO iwas ~36.6 Gt (2022), ~37.4 Gt (2023), and ~37.8 Gt (2024) . Although economic growth outpaced emissions growth in 2024, atmospheric CO₂ concentrations still surged to ~424 ppm in September 2025 vis-à-vis 410 ppm in January 2020, just before the pandemic. Concurrently, natural carbon sinks weakened, highlighting their growing fragility. Clean energy gains have blunted, but not reversed, the upward trend; the carbon economy remains resilient, demanding far more rapid, systemic shifts.
Figure 1: Global total CO₂ emissions (fossil + land-use), 2020-2024 (with uncertainty range). (Source: Global Carbon Project (2024) Carbon Brief).
Regionally, China alone accounts for ~35% of emissions, while India has surpassed the EU as the third-largest emitter. The US emissions decreased in 2023 but remain very high and the other top emitters include the EU, Russia, and Brazil. Meanwhile, land-use change contributed ~4.2 Gt CO₂ in 2024, and natural carbon sinks collapsed wherein forests and soils sequestering only a fraction (~1.5–2.6 Gt) of historical averages (~7.3 Gt). The ongoing dependence on fossil fuels thus jeopardizes not only climate goals but also public health and ecosystem stability. The imperative is not whether to transition but it is how swiftly and equitably that transition will occur. Therefore, we must think of net negative scenario by which CO2 will be a source of a variety of chemicals, fuels and materials, instead of the net zero goal.
Sectoral and Regional Contributions (2023–2024)
The global sectoral breakdown of GHG in 2023 is estimated as follows: power generation (electricity and heat) ~40%, industry ~25%, transport ~20%, buildings ~7%, and other sectors ~8%. These estimates are consistent with broader analyses, which report that global electricity and heat production contributed 29–34% of emissions, with industry, transport, and buildings accounting for significant shares of the remainder (World Resources Institute; US EPA). The IEA chart, as presented in Our World in Data, provides a sectoral CO₂ breakdown that aligns with these proportions (Figure 1).
In 2024, land-use change, including deforestation and wildfires, generated an estimated 4.2 GtCO₂, marking an increase over 2023 levels (Carbon Brief). At the same time, natural carbon sinks are showing alarming signs of collapse. In 2023, forests and soils absorbed only 1.5–2.6 GtCO₂, a steep drop from the long-term average of around 7.3 GtCO₂. This decline has been linked to severe droughts and widespread wildfires across critical regions such as the Amazon, Siberia, and Canada (Le Monde.fr). Ecosystems that traditionally offset nearly half of human emissions are now failing, placing even greater pressure on global emission-reduction efforts (The Guardian).
Need for Transition and Health Impacts
Fossil fuel extraction and use now present multi-dimensional challenges, including rising extraction costs and emissions that extend beyond CO₂. These emissions encompass NOₓ, SO₂, heavy metals, aerosols, and especially toxic pollutants like mercury, which can severely impair neurological development in children. The transition away from fossil fuels is therefore not only widely recognized as necessary but also increasingly urgent. According to IPCC modelling, sectors such as energy supply and land use may achieve net-zero earlier, while harder-to-abate sectors such as buildings, transport, and heavy industry remain significant obstacles that demand coordinated and innovative mitigation pathways.
Climate Commitments and the Implementation Gap
Over 140 countries have now announced net-zero targets, collectively covering more than 90% of global GDP and emissions (IMF). However, most of these pledges remain aspirational, with only a small share supported by binding legislation or credible policy frameworks. Climate Action Tracker classifies a significant portion of these commitments as “insufficient” or lacking credibility, highlighting the urgent need for transparent, enforceable, and rigorous implementation.
At the same time, carbon pricing and subsidy reform remain weak links in climate policy. Current carbon pricing mechanisms cover only about 23% of global emissions, and many are undermined by negligible rates or offset entirely by fossil fuel subsidies (OECD). In 2022, the IMF estimated total fossil fuel subsidies, including environmental and health externalities, at around $7 trillion, or 7.1% of global GDP. Direct support from G20 economies alone reached $1.1–1.3 trillion in the same year, with preliminary 2023 figures showing only a modest decline to about $945 billion (Bloomberg NEF report). This disconnect that is ambitious net-zero targets on paper but weak policy action in practice, continues to undercut global climate progress.
Major Global Initiatives
One of the most ambitious policy frameworks is the European Union’s Green Deal, which serves as a comprehensive roadmap for achieving climate neutrality. It spans multiple dimensions, including deep decarbonization, promotion of a circular economy, investments in sustainable mobility, and the integration of green finance. By addressing emissions reductions alongside structural economic reforms, the Green Deal aims to transform Europe’s growth model while maintaining competitiveness and resilience.
The United States’ Inflation Reduction Act (IRA) represents the largest federal commitment to climate action in the country’s history. Through extensive financial incentives, tax credits, and grants, the IRA channels investments into clean energy generation, electric vehicles, advanced battery manufacturing, and domestic supply chains. By linking industrial policy with climate goals, it is designed to accelerate the energy transition while fostering technological leadership and job creation. The current administrations tariffs and economic policy have certainly given a jolt to this act.
In the Global South, India’s Mission LiFE (Lifestyle for Environment) takes a distinct approach by focusing on behavioural change and sustainable consumption. Rather than emphasizing only technological or industrial shifts, it encourages citizens and communities to adopt low-carbon practices in everyday life such as efficient energy use, waste reduction, and sustainable transport choices. By embedding sustainability into cultural and lifestyle patterns, Mission LiFE seeks to create a mass movement for climate action.
Together, these initiatives demonstrate how different regions are mobilizing capital, expanding low-carbon infrastructure, and engaging society in the transition. However, despite their significance, the combined scale of these measures remains insufficient to align with Paris Agreement 2015 targets. Without greater coordination, ambition, and global equity in climate action, current trajectories still fall short of keeping warming well below 2°C.
Technological Trends and Gaps
Solar and Wind: Solar and wind energy are now the cheapest sources of new electricity generation across much of the world, outcompeting fossil fuel alternatives. India is a leader in the global solar alliance. In 2024, renewables accounted for 74% of new global power capacity growth, with wind and solar leading the charge. Due to rapid technological innovation and economies of scale, the costs of wind and solar power have fallen dramatically ~41% and 53% lower, respectively, than the cheapest fossil-based options (AP News). This has enabled renewable energy to become not only an environmental imperative but also an economic choice for governments and investors. India has planned to reduce fossil fuel energy by 50% and CO2 by 45% by 2030. Indeed, many hydrocarbon and chemical companies have announced their net zero plans before 2050.
Battery Storage: Energy storage is increasingly recognized as the backbone of renewable integration. Global battery storage capacity doubled in 2024, reaching approximately 85 GW. Yet, to remain on track with climate targets, deployment would need to scale sixfold, i.e. reaching between 1,200 and 1,500 GW by 2050 (Figure 2, The Guardian). While lithium-ion batteries dominate the current market, longer-term technologies such as pumped hydro storage and power-to-gas are under development to provide durable, large-scale solutions. These innovations are critical for ensuring grid stability in systems dominated by variable renewables. Vehicle batteries are heavy and once their capacity reduced to ~80%, they become ineffective but can be used as storage batteries. China is the leader with 9% CAGR with 45 Billion USD business.
Figure 2. Battery storage: current vs. required trajectory Installed global battery storage capacity grew from ~25 GW in 2020 to ~85 GW in 2024, but IEA’s Net Zero Emissions (NZE) scenario requires ~1,200 GW by 2030—implying a sixfold acceleration. Sources: IEA (2024), Global Energy Review; The Guardian (2024), Global battery rollout doubled last year—needs six times faster.
Optimal Grid Electricity Storage Post-Electrification: Batteries, Hydrogen, or Both? A comprehensive study by Jacobson, published in iScience in 2024, examines the most cost-effective electricity storage solutions for grids fully powered by wind, water, and solar (WWS) energy across 145 countries. The research evaluates three primary storage options: battery storage (BS), green hydrogen storage (GHS), and a combination of both. The findings indicate that in regions with existing conventional hydropower (CH) storage, the optimal configuration varies as follows:
a) Regions with only CH: No additional storage is necessary.
b) Regions with CH and BS: This combination is the most cost-effective.
c) Regions with CH, BS, and GHS: This trio offers the lowest costs in most areas.
d) Regions with CH and GHS: This combination is never the most cost-effective.
The study also highlights that integrating hydrogen infrastructure for both grid and non-grid applications (such as steel and ammonia production) can lead to cost reductions due to economies of scale. In summary, while GHS alone is not the most cost-effective solution, combining BS with GHS can provide a reliable and economical energy storage strategy for fully electrified grids. This approach ensures stability and efficiency in regions transitioning to 100% renewable energy sources.
Electric Vehicle Adoption: Electric vehicles (EVs) continue to gain momentum, with sales reaching nearly 18% of total global vehicle sales in 2024. This represents a major shift in consumer and industrial behaviour, supported by government incentives and expanding charging infrastructure. However, despite this growth, EV adoption remains insufficient for a systemic transformation of the transport sector, where fossil fuels still dominate. A faster rollout, especially in heavy-duty vehicles and developing markets, will be necessary to meaningfully cut oil demand and emissions (IEA). Further, the electricity must be generated using renewable energy and not the fossil fuel based power plants.
Green Hydrogen (GH2): Green hydrogen is widely seen as a potential cornerstone for decarbonizing hard-to-abate sectors such as steel, cement, and shipping. Yet, the market remains nascent, representing only about 2.7% ($4.2 billion) of the hydrogen economy in 2022. Production costs remain 1.5 to 6 times higher than fossil-based hydrogen, creating significant barriers to adoption. Nonetheless, falling electrolyser costs and scaling projects suggest a more competitive future, with potential for rapid growth if policy and investment support remain strong (IRENA). The US DOE ‘111’ policy of producing 1 kg GH2 in 1 USD in one decade (i.e. by 2031) while providing an incentive of USD 1 per kilo is welcome by GH2 producers. The Power Ministry adopted similar policy about 2 years ago with subsidy of INR 50, 40 and 30, respectively for the first, second and third year. Although it is welcome it is inadequate for promoting GH2 production in India.
Carbon Capture and Storage (CCS): CCS technologies are often described as essential for achieving net-zero emissions, particularly for sectors where direct electrification is impractical. However, deployment remains minimal compared to the scale required for 1.5 °C pathways. While pilot projects and some commercial facilities have come online, global capacity is far below the level needed to offset emissions from heavy industry and continued fossil fuel use (IEA). Without stronger policy frameworks and investment signals, CCS risks remaining a marginal technology rather than a climate solution.
Carbon Dioxide Refineries: Catalytic valorisation of CO₂ refers to using catalysts (metal, enzyme, hybrid etc.) to convert captured CO₂ into useful chemicals, fuels, or materials (e.g. methanol, higher alcohols, LPG, DME, SAF, syngas) rather than simply storing or releasing it. Recent reviews highlight several promising routes (electrochemical, thermochemical, photochemical, plasma‐assisted), but also point out major challenges: achieving high selectivity, breaking the strong C–O bonds, managing C–C coupling for longer carbon chains, lowering energy input, and ensuring stability of catalysts under industrial conditions. One useful recent example: β-Mo₂C nanoparticle catalysts supported on silica (SiO₂) have shown good performance in reverse water‐gas shift reactions, converting CO₂ to carbon monoxide (CO) with high mass activity and structural stability at elevated temperatures. My lab is also actively working in this area.
Figure 4. Fossil fuel subsidies vs. renewable energy investment (2018–2024) Global fossil fuel subsidies surged above $1.1 trillion in 2022, remaining far higher than renewable energy investments (~$0.6 trillion). This illustrates the policy contradiction between decarbonization pledges and continued support for fossil fuels. Sources: IMF (Parry et al., 2023, IMF Working Paper WP/23/169), IEA World Energy Investment 2024, BloombergNEF 2023).
Fossil Infrastructure Lock-In: Despite rising investment in renewables, the persistence of fossil fuel infrastructure investments paints a contradictory picture. Massive capital continues to flow into LNG terminals, pipelines, oil refineries, and even new coal plants, locking in decades of future emissions and undermining climate commitments (Figure 3, Bloomberg NEF). This highlights the stark gap between declared ambition and material action, reinforcing concerns that the global energy transition is not yet aligned with Paris Agreement goals.
Emissions Reductions Essential by 2030
The scientific consensus, as highlighted in the IPCC’s Sixth Assessment Report (AR6), is unequivocal: to limit global warming to 1.5 °C, GHG must fall by roughly 50% by 2030 compared to 2019 levels (IPCC). Current national pledges under the Paris Agreement called the Nationally Determined Contributions (NDCs) remain insufficient. If implemented in their present form, they would lead to a median warming of around 2.8 °C by 2100, with a likely range of 2.1–3.4 °C (IPCC). Such overshoot risks triggering tipping points in Earth systems, including large-scale ice sheet melt, Amazon rainforest dieback, and destabilization of permafrost carbon stores, all of which would further amplify warming.
Figure 5. Global LCOE trends for renewables vs. fossil fuels (2010–2024) The levelized cost of electricity (LCOE) for solar PV and onshore wind has fallen dramatically since 2010, reaching $40/MWh in 2024—lower than coal ($85/MWh) and gas (~$70/MWh). Renewables are now the cheapest new power sources in most regions. Sources: Lazard (2024), Levelized Cost of Energy Report; IRENA (2023), Renewable Power Generation Costs.
Carbon Budget Depletion
The urgency of rapid emissions cuts is underscored by the shrinking global carbon budget. As of 2025, AR6 estimates place the remaining carbon budget for a 50% chance of staying below 1.5 °C at approximately 305 GtCO₂, while more recent analyses suggest it may be closer to just 160 GtCO₂ (ESSD). With annual emissions currently averaging ~40 GtCO₂, this budget could be exhausted within the next 6–8 years, effectively closing the window for stabilizing warming at 1.5 °C (Carbon Brief; The Climate Brink; Down To Earth). Alarmingly, one study estimates that 20% of the 1.5 °C carbon budget was already c
Figure 6. Cumulative CO₂ emissions, remaining carbon budget, and temperature response (IPCC AR6 Synthesis Report Figure 3.5). Sources: IPCC AR6 (2021): Nature Climate Change (2023): Financial Times (2024-2025 analyses)
onsumed between 2020 and 2024 (ESSD). Indeed, the International Meteorological Organisation (IMO) predicts that the targeted 1.5 oC will be breached by 2027. These figures highlight the razor-thin margin left for action and the growing risk of overshooting critical climate thresholds. A carbon budget depletion trend as shown in Figure 6 showing the decline of remaining carbon budgets from 2020 through 2025—could effectively highlight how rapidly the world is burning through the budget. The data from recent studies suggesting the budget dropped from ~500 GtCO₂ (2021) to ~130 GtCO₂ (2025) could be visualized.
Systemic Impacts of the Energy Transition
The energy transition is not only about substituting fossil fuels with renewables but also about reconfiguring the very structure of global economies and societies. It affects labour markets through the decline of fossil-fuel-dependent industries and the growth of renewable energy jobs, reshapes consumer behaviour via electrification and efficiency, and requires new institutional frameworks for governance and finance. Moreover, it intersects with globalization, technological innovation, and socio-economic development, making electricity systems a key barometer of progress. Countries that succeed in modernizing their power grids, scaling up energy storage, and fostering green industrial policy are likely to emerge as leaders in the new energy economy. Those that lag may face risks to competitiveness, energy security, and long-term resilience.
One bold idea is the creation of a universal or interconnected global grid, for example, operating at a standardized voltage (such as 1100 V) and enabling near 24×7 renewable power supply by linking solar-rich and other renewable-rich regions across countries. Such transnational grid integration could balance time-zone differences, reduce intermittency, and improve global energy access.
While initiatives like the International Solar Alliance (ISA) and the “One Sun, One World, One Grid” (OSOWOG) vision (championed by India and supported at COP26) touch upon this concept, it was not formally part of the Paris Agreement (2015). The Paris Agreement focused mainly on emissions reduction commitments (NDCs), climate finance, adaptation, and transparency mechanisms, not on global grid standardization.
Policy Urgency and the Decisive Decade
Taken together, the science makes clear that the next 5–10 years will be decisive in determining the trajectory of the planet’s climate system. Failure to implement immediate, large-scale reductions risks locking the world into a pathway of dangerous warming with irreversible consequences for ecosystems, economies, and human well-being. Stronger policies, ranging from carbon pricing and subsidy reform to accelerated renewable deployment, resilient infrastructure, and just transition frameworks, are essential to bridge the gap between ambition and action. The window is rapidly narrowing, but decisive choices made this decade can still ensure a liveable future (IPCC; UNEP).
Renewable Energy Technologies: Evidence from Science and Sector Studies
Solar PV: Over the past decade, utility-scale and distributed solar PV have achieved dramatic cost and performance gains. Technological learning, economies of scale, and supply-chain optimization have driven down levelized costs of electricity (LCOEs) to levels comparable with, or cheaper than, the most competitive new fossil fuel plants across many regions (IEA). Modern silicon-based modules now routinely achieve lifetimes of 25 years or more. Recycling and circular-economy pathways are advancing, including recovery of silicon, glass, and critical metals, though large-scale collection systems and supportive end-of-life policies remain under development.
Wind (onshore and offshore): Innovations in rotor design, segmented blades, advanced control systems, and taller towers have increased turbine efficiency and project flexibility. Low-specific-power turbines with hub heights exceeding 100 m can capture stronger, steadier winds, raising capacity factors and reducing costs per MWh. Offshore wind, in particular, is benefiting from larger turbines, floating foundations, and better siting practices, which are unlocking significant new resource potential (ATB; Energy Technologies Area).Newer designs combining both solar and wind power have been advanced to improve economics as well as space. Apparently about 15% of power is continuously produced through the wind blades and the remaining by solar.
Hydropower: Large-scale hydro remains the world’s most important dispatchable renewable, offering seasonal storage, grid inertia, and balancing services. However, its output is increasingly sensitive to hydrological variability, with droughts and reduced reservoir inflows lowering generation in key producing countries. Pumped hydropower continues to provide the most cost-effective long-duration storage solution, but integrated water–energy planning is needed to secure its role in a changing climate (IEA).
Nuclear Energy:Nuclear energy is indeed a low-carbon source, producing very little CO₂ during electricity generation. It plays a critical role in many countries’ efforts to decarbonize the power sector. One of the current technological trends is the growing interest in Small Modular Reactors (SMRs), which promise faster deployment, lower upfront costs, and suitability for remote or difficult-to-serve areas. France remains a world leader in nuclear energy. It has about 56 operable reactors with a combined installed capacity of ~61.4 GW electric as of end-2022. Its nuclear plants supplied approximately 62-63% of its electricity in 2022, and recent figures for 2024 show a share closer to 67-70% of power generation coming from nuclear sources. India has set ambitious goals: the government aims to reach 100 GW of nuclear power capacity by 2047 under its newly announced Nuclear Energy Mission. As of April 2025, India’s current installed nuclear capacity is about 8.8 GW, with roughly 6.6 GW under construction and about 8 GW more in planning phase, which suggests steady progress but also a long way to go to hit the 100 GW target. The plan includes launching five indigenously developed SMRs by 2033, with a research and development budget of about Rs 20,000 crore (~US$2.4-3 billion) allocated for that purpose.
Biomass and Biogas: Sustainably sourced biomass and upgraded biogas (biomethane) can provide dispatchable renewable power, industrial heat, and feedstocks while closing nutrient and carbon cycles. The climate benefits depend heavily on feedstock type, land-use impacts, and system boundaries. Studies emphasize prioritizing waste and residue streams over dedicated energy crops to maximize life-cycle GHG reductions and avoid competition with food systems. Food waste and agricultural biomass for producing GH2 and bio-CNG are being studied widely.
Geothermal and niche Renewable Energy Systems (RES): Geothermal power and concentrated solar power (CSP) offer firm, low-carbon electricity and process heat in regions with suitable geology or solar resources. Although their deployment is geographically constrained, these technologies are strategically valuable for decarbonizing heavy industry and heating systems (IEA). ONGC Energy Centre (OEC) has proposed a geothermal plant in the Ladakh region. Drilling operations for the Puga Valley geothermal pilot (1 MW) have resumed after a hiatus to upgrade equipment, with two wells planned (~1,000 m depth) in search of temperatures above 200 °C, and the project is nearing completion of its first geothermal well.
Technical Challenges and System Integration
A major technical challenge is the intermittency of variable renewables such as wind and solar. Ensuring system reliability requires a diversified portfolio: short-duration batteries for diurnal balancing, long-duration storage solutions such as pumped hydro, hydrogen, or thermal storage for seasonal shifts, demand-response mechanisms, and advanced digital grid controls. Cross -border interconnections further reduce variability by pooling geographically diverse resources. Some published reviews and IEA analyses highlight that the most cost-effective near-term strategy combines batteries, smart grids, and flexible generation, with hydrogen and other long-duration technologies scaling up in the 2030s (IEA).
Energy Security, Resilience, and Social Dimensions
Decentralization and resilience. Distributed renewables such as rooftop solar, community microgrids, and behind-the-meter storage enhance resilience by reducing single points of failure and import dependencies. Microgrids can operate independently during disturbances, maintaining essential services, while aggregations of distributed energy resources increasingly provide ancillary grid services like frequency control and black-start capabilities (IEA).
The Government of India’s policy to install 10 million rooftop solar systems is a transformative step. By connecting household-generated solar power to the central grid, ordinary citizens can actively participate in the clean energy transition while also earning additional income from surplus electricity.
To fully realize this vision, however, the capacity and flexibility of the power grid must be substantially enhanced. At present, states such as Maharashtra allow solar producers to supply power to the state grid only during limited time windows. This creates a major bottleneck and results in significant losses, both for households and for the renewable energy ecosystem as a whole.
Several policy measures can help overcome this challenge. First, households should be encouraged to pair rooftop solar with battery storage, so that excess energy generated during the day can be stored and supplied to the grid during peak evening demand. Second, utilities should adopt dynamic tariffs, where households receive higher payments for exporting electricity at times of greatest demand rather than only during the daytime. Third, power generated by multiple households can be aggregated into regional pools or “virtual power plants,” allowing small producers to participate collectively in state and national electricity markets.
In parallel, there is a need for significant investment in upgrading transmission and distribution infrastructure to handle two-way flows of electricity. Smart grids and digital monitoring systems can further strengthen stability by managing fluctuations in real time. In addition, utilities could offer long-term purchase agreements to households, similar to power purchase agreements (PPAs) for large solar projects, ensuring both stable incomes for producers and predictable supply for the grid. Finally, rooftop solar must be integrated with national initiatives such as the “One Sun, One World, One Grid” vision and India’s green hydrogen mission, so that surplus power can also support energy storage, electric vehicle charging, and hydrogen production.
Together, these measures would enable rooftop solar to go beyond reducing household electricity bills. It would transform citizens into active “prosumers” both producers and consumers of clean energy, while creating a more democratic, resilient, and sustainable energy economy for India.
Cross-border cooperation. Regional integration through interconnectors and market coupling smooths renewable variability by leveraging geographic diversity; for example, southern solar, northern hydro, and western wind resources in Europe. Studies show that coordinated pan-regional transmission and market design significantly reduce system costs and curtailment at high renewable penetrations (IEA).
Just and inclusive transition. The success of the energy transition depends not only on technologies but also on governance, equity, and socio-economic policy. Literature stresses the importance of reskilling workers, supporting fossil fuel–dependent regions, and ensuring universal access to affordable clean energy. Social safeguards and inclusive financing are essential to prevent dislocation and to ensure that the benefits of transition are broadly shared (IEA).
Employment and Economic Benefits
Renewable energy has become a major source of global employment and economic growth. Recent assessments by IRENA, ILO, and REN21 estimate that the sector supports between 13–16 million direct and indirect jobs, depending on methodology and year, with solar PV, bioenergy, and hydropower accounting for the largest shares (IRENA 2023; ILO 2022; REN21 2023). Employment is distributed across the value chain — from design and engineering to manufacturing, construction, operations and maintenance (O&M), and recycling. Importantly, these jobs tend to be more geographically anchored than fossil fuel jobs, generating stable local value while reducing exposure to volatile global commodity markets. Domestic supply-chain development, local content requirements, and targeted workforce training amplify the economic multiplier of renewable investments (ILO 2022; REN21 2023).
Job Creation Dynamics
Solar PV and onshore wind installations generate a higher number of construction and installation jobs per megawatt compared with centralized fossil-based plants. Manufacturing hubs for modules, inverters, and turbine components can concentrate employment regionally, but also open export opportunities. Investment in renewables stimulates parallel growth in manufacturing, O&M, and grid infrastructure upgrades. Empirical modelling suggests that every US$1 billion invested in renewable energy yields higher GDP and employment than an equivalent investment in fossil fuels, as shown in multiple IEA and IRENA case studies (IEA 2022; IRENA 2023).
Green Hydrogen and Industrial Decarbonization
Green hydrogen, produced via electrolysis powered by renewable electricity, is widely seen as essential for decarbonizing hard-to-abate sectors. In iron and steel, hydrogen-based direct reduced iron (DRI) combined with electric arc furnaces can replace coal-based primary steelmaking. In cement and lime, hydrogen offers high-temperature heat and low-carbon clinker alternatives. In aviation and shipping, hydrogen-derived fuels such as green ammonia and methanol are leading candidates for long-haul and heavy transport, where batteries are less feasible. In chemicals and fertilizers, green hydrogen can directly substitute the “grey” hydrogen currently used in ammonia and downstream chemical production (IEA 2022; Financial Times 2023).
Green Ammonia: Green ammonia is emerging as a key pillar of the clean energy transition, produced by synthesizing nitrogen and hydrogen where the hydrogen comes from renewable-powered electrolysis instead of fossil fuels. Unlike conventional ammonia, which contributes significantly to CO₂ emissions, green ammonia offers a carbon-free alternative for fertilizer production, long-duration energy storage, and as a potential fuel for shipping and power generation. Its advantages include high energy density, easier storage and transport compared to hydrogen, and compatibility with existing global ammonia infrastructure. Countries leading investments in green ammonia include Australia, Japan, Saudi Arabia, India, Germany, and the Netherlands, with major projects underway in the Middle East and Northern Europe aimed at both domestic use and export markets. Together, these initiatives position green ammonia as a strategic enabler of global decarbonization in both energy and agriculture.
Storage and system services: Beyond industrial uses, hydrogen can serve as long-duration seasonal storage and as a versatile feedstock for synthetic fuels (power-to-X). Electrolyser co-location with large renewable plants minimizes curtailment and creates predictable production profiles. However, technical barriers remain: round-trip efficiencies are relatively low (30–45% for power → H₂ → power), electrolyser capex and durability are still under pressure, and storage/transport infrastructure is costly. Achieving cost competitiveness depends on scaling electrolysers and reducing renewable electricity costs (IEA 2022; AP News 2023).
Scale and policy momentum: Despite strong policy momentum, with more than 40 countries adopting national hydrogen strategies, green hydrogen accounts for less than 1% of global production today. Scaling up deployment, particularly in heavy industry and shipping, is critical to reduce costs and reach parity with fossil-based hydrogen under carbon pricing or low-cost renewable scenarios (IEA 2022; Financial Times 2023).
Regional and Global Momentum
Renewables expansion is accelerating across key regions. China continues to dominate global solar deployment, adding about 87 GW in 2022, an unprecedented 216 GW in 2023, and a further 277 GW in 2024, taking its cumulative installed solar capacity to nearly 887 GW by the end of 2024. In comparison, India added around 13.4 GW in 2022, but saw a slowdown to ~7.5 GW in 2023 due to policy and supply-chain challenges. However, India rebounded strongly in 2024 with 24.5 GW of new solar capacity, its highest-ever annual addition, bringing cumulative installations to around 96 GW by early 2025. China remains far ahead: i ~ 76 GW of new wind power, bringing its total wind capacity to around 441 GW. India, by contrast, added 3.4 GW of wind capacity in 2024, raising its total wind capacity to about 48.16 GW.
The European Union has rapidly scaled up solar and wind power: in 2024 alone, the EU installed around 60 GW of solar PV, maintaining similar additions as in 2023, which helped accelerate the decline in fossil generation; wind and solar together avoided €59 billion in fossil fuel import costs (gas + coal) for the EU power sector due to gains under the European Green Deal and REPowerEU.
In the United States, the Inflation Reduction Act (IRA) has catalyzed a record-year for solar installations: in 2024, about 50 GW of new solar capacity was added, accounting for 84% of all new electricity generation capacity added that year, driven by the incentives under the IRA.
Decentralization, Community Participation, and Resilience
Distributed energy resources such as rooftop PV, community wind, and small-scale biogas provide critical resilience benefits by reducing transmission losses, improving local reliability, and enabling modular, staged investments. Microgrids with integrated storage offer black-start capability and islanding for critical infrastructure during outages, which is particularly valuable for disaster-prone regions. Beyond technical advantages, community and prosumer energy models generate local economic benefits, from lower household bills to land lease revenues, while also enhancing social acceptance of renewable projects. Evidence from Europe and developing countries shows that community energy models strengthen social buy-in and provide sustained local employment and fiscal benefits (ILO 2022; REN21 2023).
The Path Ahead: From Awareness to Action
The period from 2020 to 2024 revealed both the fragility and the resilience of global energy and climate systems. On one hand, the rapid rebound of emissions following the COVID-19 slowdown and the continued expansion of fossil fuel infrastructure underscored how deeply entrenched carbon-intensive pathways remain (IEA 2023a; Global Carbon Project 2023). On the other hand, these same years witnessed record-breaking growth in renewable energy deployment, proving that the technological and economic foundations of a cleaner future are already being laid (IRENA 2023; REN21 2023). This duality highlights both the urgency of accelerating change and the possibility of success when innovation, policy, and public will align.
To remain within the 1.5 °C limit set by the Paris Agreement, the world must achieve annual fossil CO₂ emission reductions of roughly 4–5% throughout this decade (IPCC 2021, AR6). This means halting the development of new coal and gas assets, redirecting finance toward clean energy, and ensuring that the transition is just and equitable for workers and communities most exposed to disruption (ILO/IRENA 2023; UNFCCC 2022). Beyond the technical challenge, international cooperation is indispensable—climate change is a global crisis that no nation can solve alone (IPCC 2022).
The energy transition is therefore not just about substituting one fuel with another. It represents a systemic transformation of how societies consume, produce, and value energy; how capital is allocated; and how institutions support resilience and inclusion (IEA 2023b; REN21 2023). The years 2025 to 2030 represent a decisive window: actions taken now will either place the world on a trajectory consistent with net-zero pathways or lock humanity into patterns of irreversible climate damage.
Conclusion
The evidence from 2020 to 2024 makes clear that the world stands at a historic crossroads. The technological potential of renewables is no longer in doubt, political commitments are multiplying, and public awareness of the climate emergency is at its peak. Yet emissions remain stubbornly high, and collective action lags far behind ambition. Renewable energy is no longer peripheral; it is the cornerstone of climate resilience, economic modernization, and energy justice. The next five years will determine whether humanity seizes this opportunity or locks itself into unsustainable pathways. The choice is stark, and the imperative is urgent: decisive action must happen now.
References
(Many data were sourced from different websites and newspapers and published scientific literature including the following.)
Biogas / Biomethane reviews (e.g., López et al., Applied Sciences 2024; Kabeyi, Sustainable Energy 2022)
G.D. Yadav, The Net Zero Goal and Sustainability: Significance of Green Hydrogen Economy in Valorization of CO2, Biomass and Plastic Waste into Chemicals and Materials Climate Action and Hydrogen Economy: Technologies Shaping the Energy Transition, Book chapter, pp 61-90 (2024). https://doi.org/10.1007/978-981-99-6237-2_4
G.D. Yadav, Carbon Dioxide as the New Oil Reservoir of the Future Towards Sustainable Future: Green Hydrogen, Biofuel, Renewable (Life Style for Environment) Ed: J.P. Gupta, Karen Landmark, Sarala Balachandran, Chapter 6.1, pp 362-379 (2023)
Global Carbon Project (2023). Global Carbon Budget 2023.
IEA (2023a). Global Energy Review 2023. International Energy Agency.
IEA (2023b). World Energy Outlook 2023. International Energy Agency.
IEA, Electricity – Renewables 2024 and World Energy Outlook 2024 — authoritative global projections and policy analysis on renewables, storage and integration.
IEA, Global Hydrogen Review 2023 and World Energy Outlook/World Energy Investment (2023–2024).
Ember & SolarPower Europe / European Commission analyses — data and policy assessments showing avoided gas expenditures from wind and solar in 2022 and REPowerEU targets (biomethane 35 bcm). Useful for EU-specific claims.
IEA, World Energy Investment 2023 — capital flows, investment needs and financing challenges for the transition.
ILO/IRENA (2023). Renewable Energy and Jobs – Annual Review 2023.
IPCC (2021, 2022). AR6 Climate Change 2021: The Physical Science Basis and 2022 Mitigation of Climate Change. Intergovernmental Panel on Climate Change.
IRENA (2023). Renewable Capacity Statistics 2023. International Renewable Energy Agency.
IRENA, Renewable Power Generation Costs (2024) – comprehensive data on LCOE and cost learning for wind, solar and other renewables.
IRENA, Renewable Power Generation Costs (2024) — comprehensive data on LCOE and cost learning for wind, solar and other renewables.
Jacobson, et al. (2024) and other peer-reviewed articles on batteries vs. hydrogen for grid storage — technical comparisons of reliability and cost tradeoffs.
LBNL / Lawrence Berkeley National Laboratory — technology advancement summaries for wind and PV (see LBNL reports cited in earlier search results).
NREL, Land-Based Wind Market Report 2023 and technology briefs — evidence on taller towers, rotor design, and capacity factor improvements.
Peer-review & technical studies: LBNL and NREL wind/PV technology briefs and Lazard/IRENA cost analyses for LCOE, life-cycle, recycling and material-supply constraints.
REN21 (2023). Renewables Global Status Report 2023. REN21 Secretariat.
UNFCCC (2022). NDC Synthesis Report. United Nations Framework Convention on Climate Change.
India has approved a major expansion of its strategic petroleum reserves, adding 1.75 million metric tons of storage capacity to strengthen the country’s energy security. The move comes as rising geopolitical tensions in the Gulf and disruptions in the Strait of Hormuz raise concerns about the stability of global oil supplies.
ONGC Approves Strategic Reserve Expansion
Oil and Natural Gas Corporation announced on July 10 that its board had approved the project, describing it as a project of national importance. The additional storage capacity will enhance India’s emergency crude oil reserves and improve the country’s ability to respond to supply disruptions caused by geopolitical conflicts or interruptions to international shipping routes.
Rising Concerns Over Strait of Hormuz
The decision follows renewed instability in the Gulf region, where military tensions have affected commercial shipping through the Strait of Hormuz. This strategic waterway carries nearly 20% of the world’s seaborne crude oil and a significant portion of global liquefied natural gas (LNG) exports. As a result, major oil-importing nations, including India, are increasingly focused on securing reliable access to energy supplies.
India’s Dependence on Imported Crude Oil
India is the world’s third-largest crude oil importer and depends on overseas suppliers for more than 85% of its oil consumption. A substantial share of these imports originates in the Middle East and passes through the Strait of Hormuz, making the country particularly vulnerable to disruptions along the route. Therefore, expanding strategic petroleum reserves is considered a critical step in reducing supply risks.
Role of Strategic Petroleum Reserves
Strategic petroleum reserves provide emergency oil supplies during periods of conflict, natural disasters, or major market disruptions. They help stabilize domestic fuel availability and reduce the immediate impact of sudden interruptions in crude oil imports while governments arrange alternative supply sources. By increasing storage capacity, India aims to improve its resilience against future energy shocks.
India’s Existing Storage Infrastructure
Over the past decade, India has steadily expanded its strategic oil reserve network as part of a broader energy security strategy. In addition, the government is developing further reserve capacity in other regions of the country.
Supporting India’s Long-Term Energy Security
The latest approval aligns with India’s broader strategy of diversifying energy sources, expanding storage infrastructure, and improving preparedness against geopolitical risks. As reported by khaama.com, by strengthening strategic petroleum reserves, the country aims to enhance energy security, protect its economy from global supply disruptions, and maintain greater stability in domestic fuel markets.
Indian Oil Corporation Limited (IOCL) is undertaking one of the largest refinery expansion programmes in India with a planned investment of ₹75,000 crore. Through this strategic initiative, the company aims to significantly increase its refining capacity by December 2026 and strengthen India’s position as a major global supplier of refined petroleum products. The expansion will add substantial capacity across key refineries and support both domestic energy security and export growth.
Major Capacity Expansion Across Three Refineries
IOCL is expanding operations at its refineries in Panipat, Vadodara, and Barauni. All three projects are expected to become operational by November–December 2026. Out of the total planned investment of ₹75,000 crore, IOCL has already spent more than ₹53,500 crore. This substantial expenditure highlights the scale of the programme and the company’s commitment to expanding India’s refining infrastructure. Once completed, the combined expansion will add significant processing capacity and improve operational flexibility across IOCL’s refining network.
Higher Exports and Revenue Potential
According to a senior IOCL official, the company will prioritize domestic demand and export any surplus production capacity. As a result, the expansion could increase exports from the current 5% of total revenue to nearly 15% of total revenue. IOCL’s petroleum exports currently generate approximately US$4 billion annually, and the additional refining capacity could significantly increase foreign exchange earnings over the next few years.
Strengthening India’s Global Refining Position
India has an installed refining capacity of around 257 MMTPA, while domestic petroleum consumption stands at approximately 239 MMTPA. Since Indian refineries often operate at 105–115% of nameplate capacity, actual annual production reaches nearly 300 million tonnes. The country already exports about 65 million tonnes of refined fuel annually, making it one of the world’s largest suppliers of petroleum products.
Currently, Reliance Industries accounts for nearly 70% of India’s refined fuel exports through its Jamnagar Refinery complex. IOCL’s planned capacity addition of approximately 17.3 MMTPA by the end of 2026 will further strengthen India’s export capabilities.
Global Market Opportunities
Although India imports more than 90% of its crude oil requirements, it has developed a strong position in global fuel exports by processing imported crude in large, complex refineries. As reported by discoveryalert .com, the current expansion comes at a favourable time, as global refining capacity growth remains limited and geopolitical disruptions in regions such as Russia and the Middle East continue to support refining margins.
Insolation Energy Limited bagged a major domestic order worth ₹558.29 crore through its wholly owned subsidiary, Insolation Green Energy Private Limited. NTPC Renewable Energy Limited has awarded the contract for the supply of solar photovoltaic (PV) modules. The company will execute the order during FY 2026–27, further strengthening its position in India’s rapidly growing renewable energy manufacturing sector.
Major Addition to Order Book
The contract represents a significant addition to Insolation Energy’s order book and highlights the company’s expanding role in domestic solar manufacturing. By supplying high-quality solar PV modules, the company will support NTPC Renewable Energy’s growing clean energy portfolio. In addition, the project will contribute to India’s ongoing transition toward low-carbon power generation and increased adoption of renewable energy.
Execution Scheduled for FY 2026–27
According to the company’s regulatory filing, the contract qualifies as a domestic order and will be completed during the financial year 2026–27. Insolation Energy announced the development in compliance with SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations, underscoring the material significance of the project.
Boost to Revenue Visibility
The new order is expected to improve Insolation Energy’s revenue visibility while strengthening its competitive position in the solar manufacturing industry. As investments in utility-scale renewable energy projects continue to increase across India, demand for domestically manufactured solar modules is rising steadily. Consequently, Indian solar manufacturers are witnessing significant growth opportunities driven by large-scale renewable energy deployments.
NTPC Renewable Energy Expands Clean Energy Capacity
The award also reflects NTPC Renewable Energy Limited’s continued focus on expanding its renewable energy capacity through large-scale solar projects. As one of India’s leading clean energy developers, the company has been actively procuring equipment and infrastructure to support its ambitious renewable energy targets. As reported by renewablemirror.com, these investments align with India’s broader objective of accelerating the adoption of sustainable energy solutions and strengthening the country’s renewable energy ecosystem.
Amara Raja Advanced Cell Technologies signed a Memorandum of Understanding (MoU) with Nuvation Energy to localise and manufacture high-voltage Battery Management Systems (BMS) in India. The partnership will focus on grid-scale energy storage, commercial and industrial (C&I) storage systems, and renewable energy integration. The move comes as India accelerates efforts to achieve 500 GW of non-fossil power capacity by 2030, creating a growing demand for safe, reliable, and domestically manufactured energy storage technologies.
Supporting India’s Energy Storage Expansion
Under the collaboration, ARACT and Nuvation Energy will develop indigenous high-voltage BMS solutions tailored for Indian operating conditions. These systems will help improve the safety, reliability, and performance of large-scale battery energy storage installations across the country. At the same time, ARACT is expanding its lithium-ion battery manufacturing capabilities through a Rs 9,500 crore Gigafactory in Telangana and a 10 GWh Battery Energy Storage System (BESS) facility, further strengthening India’s domestic energy storage ecosystem.
Access to Proven Global BMS Technology
“Battery Management Systems are among the most technologically demanding components in the energy storage value chain, especially as grid-scale storage systems are growing in size and complexity,” said Dr. Vikash Venkataramana, Chief Product Officer, ARACT. “Our partnership with Nuvation Energy gives us access to proven, globally validated technology that we aim to localise and scale for Indian conditions, supporting the country’s clean energy transition,” Venkataramana added.
Building an Indigenous Storage Supply Chain
“India is at the centre of one of the world’s most important energy storage stories, and getting the foundations right, starting with the Battery Management System, is essential to building a safe, reliable storage ecosystem at scale,” said Michael Worry, CEO of Nuvation Energy.
“Partnering with Amara Raja allows us to bring 15 years of high-voltage BMS engineering directly into India, alongside a manufacturing partner with the scale and quality discipline to help the country build a truly indigenous storage supply chain,” informed Worry.
Strengthening India’s Clean Energy Transition
Through this alliance, Amara Raja and Nuvation Energy aim to deliver secure, high-performance, and locally manufactured battery management technology for India’s rapidly expanding grid-scale, commercial, industrial, and renewable energy storage markets. As reported by manufacturingtodayindia.com, the collaboration aligns with India’s broader clean energy and localisation goals by reducing dependence on imported battery electronics while supporting the growth of a resilient domestic energy storage manufacturing ecosystem.
LICO Materials and Ather Energy formed a strategic partnership to create a comprehensive system for collecting end-of-life lithium-ion batteries and recovering critical battery materials. Under the agreement, Ather’s fleet batteries will be recycled at LICO’s processing facility in Karnataka, and the recovered materials will be fed back into the battery supply chain for use by cell manufacturers and original equipment manufacturers (OEMs) producing next-generation electric vehicles.
Building a Circular Battery Supply Chain
The collaboration focuses on establishing a closed-loop ecosystem for valuable materials such as lithium, nickel, cobalt, graphite, and copper. By recovering these resources from used batteries, the partners aim to reduce waste while strengthening India’s domestic EV supply chain. Ather launched its first electric scooter in India in 2018 and has since become a prominent player in the electric two-wheeler market. As EV adoption accelerates, effective battery collection and recycling have become increasingly important for long-term sustainability.
Reducing Dependence on Imported Minerals
India currently lacks significant domestic reserves of many critical battery minerals and therefore relies heavily on imports. This dependence exposes the industry to price volatility, geopolitical risks, and supply chain disruptions.
“India is building one of the world’s largest EV fleets and it is doing so without domestic reserves of the minerals that power it. That is a structural vulnerability, and battery circularity is the only answer,” said Gaurav Dolwani, CEO of LICO Materials.
“This partnership means those batteries can be recycled, and recovered minerals can be fed back into the battery supply chain. We believe this is how India can reduce its dependence on imported critical materials,” Dolwani added. LICO’s recovery facility achieves recovery rates of up to 95%, enabling efficient reintegration of recovered materials into battery manufacturing.
Supporting India’s EV and Sustainability Goals
In addition to strengthening supply security, the partnership aligns with India’s broader sustainability and climate objectives. Industry projections suggest that by 2050, battery recycling could meet more than 40% of the country’s lithium, nickel, and cobalt requirements. Furthermore, expanded recycling capacity could create over 106,000 green jobs and prevent approximately 2.9 million tonnes of CO₂ emissions—equivalent to removing around 700,000 fossil-fuel vehicles from the road for a year.
Aligning with Battery Waste Management Rules
The initiative also supports the Battery Waste Management Rules, which emphasize extended producer responsibility (EPR) across the electric vehicle ecosystem. As reported by manufacturingtodayindia.com, by establishing a structured collection and recycling network, LICO Materials and Ather Energy aim to help India move closer to its Net Zero 2070 target while promoting a more resilient and circular EV industry.
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