Enough of COP Jamborees
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓As COP31 starts in Antalya, Turkiye, today, renewable energy has become cheaper than coal in India.
- ✓Solar and battery costs fell significantly since 2010, making green power commercially viable.
- ✓Experts said, "Sunshine now challenges coal after sunset, too." India can now pursue a green transition using market-based finance instead.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Economic Times
- Reading Speed
- 5 Minute(s)
- Market Focus
- India Economy
Falling solar and battery costs have made renewable energy commercially competitive with coal in India. As COP31 begins in Turkiye, the focus should shift to accelerating electrification of transport, promoting agrivoltaics, investing in transmission and grid stability, and ensuring reliable payments by discoms to sustain the country's green transition.
Donald Trump rejects climate science, but cannot repeal the economics of sunshine. As countries assemble for COP31 that starts in Antalya, Turkiye, today, the most encouraging development is that green electricity makes commercial sense without requiring governments to agree on who should pay.
Climate conferences have traditionally resembled negotiations over a hospital bill, with rich countries disputing their liabilities and poor countries demanding assistance. Those arguments still have some force for adaptation and climate damage. But electricity generation increasingly offers a different proposition: go for RE because it is cheaper.
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Economic Times
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