The IEA has estimated that the world will need to invest US $16 trillion in energy infrastructure over the next 25 years to satisfy the growing requirements of energy. This portends a disaster for climate change. Equally it presents an opportunity — the opportunity to identify and implement the measures required to transit from today’s economy to a low carbon future. India does not need global concurrence to realise these opportunities. It does however need to create the policy framework wherein government, business and civic society can conjointly brake the footfalls of global warming and high oil prices.
The writer is chairman, Shell Group of Companies in India. Views are personal
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