However, the implementation of ambitious policies and measures has the potential to yield a notable transformation, with projections indicating a prospective 30 percent decrease in energy consumption and a substantial 60 percent reduction in CO2 emissions by 2050. In the absence of far-reaching policies, energy consumption and CO2 emissions stemming from road transport could potentially double by 2050, a consequence of the escalating demand for private travel and freight conveyance. Currently, road transport is responsible for a 12 percent share of India's energy-related CO2 emissions and stands as a prominent contributor to urban air quality degradation. Nevertheless, it also presents formidable environmental hurdles, characterized by a surge in CO2 emissions and air pollution. India's road transport sector occupies a pivotal role in the nation's transition toward cleaner energy solutions.

The expansion of public transportation services, notably Metro Rail projects in tier 1 cities, has led to reduced pollution and congestion.” Moreover, the government's subsidies for the production and purchase of electric vehicles (EVs) have accelerated the shift toward cleaner transportation options, ES Ranganathan further adds. ES Ranganathan says, “With a rapidly urbanizing population and a projected increase in motor vehicles on Indian roads, measures are being taken to mitigate the associated carbon emissions. In the transportation sector, the Ministry of Road and Transport is playing a pivotal role in decarbonization efforts. Presently, the steel sector in India contributes to approximately 11 percent of the nation's total emissions.

With the expanding economy, India's crude steel production is projected to surge to approximately 435 million tonnes (mt) by 2050, a substantial increase from the 118 mt recorded in 2021. Ranganathan also highlights the Steel Scrap Recycling Policy of 2019 as a significant step toward reducing coal usage while enhancing steel production's long-term sustainability. The Ministry of Steel has drafted a comprehensive plan to tackle greenhouse gas emissions, involving 13 task forces with various stakeholders.” ES Ranganathan says. “This sector, which has traditionally been a major source of carbon emissions, is now embracing cleaner and more sustainable practices. Balancing industry and sustainability has become a central theme in India's journey toward decarbonization, and this approach is making waves on the global stage.Īccording to ES Ranganathan, a leading figure of India’s energy sector, one of the key sectors undergoing a paradigm shift in India is the iron and steel industry. Yet, with this growth comes an alarming rise in carbon emissions, a challenge that India is confronting head-on through a pioneering approach to decarbonization.Īs a developing nation with ambitious goals to become one of the world's strongest economies, India finds itself at a crossroads. Its rapidly growing economy and burgeoning population have propelled it onto the global stage as a major player in the 21st century. India, a land of contrasts, has long been recognized as a country of great promise and untapped potential. ES Ranganathan - India's approach of balancing industry growth with sustainability, presents a vision for a sustainable future in a world grappling with climate change.

2070 paradigm shift