A focus on 2047 Net Zero
This note is an addendum to the report “Amrit Kaal: Path to Developed and Decarbonized India”, released in January 2023(1). A key originality of this report was an in-depth exploration of transformations in consumption patterns, driven by innovation and new technologies now available at scale, and their impact on future projections of India’s energy system.
A key conclusion of this analysis was that of an emerging development paradigm which, instead of building on technologies from the 20th century, relied on modern technologies now available at scale, suggesting a rapid development path fundamentally different from what is often anticipated. The outcome would be more competitive development, but also greater energy independence and a more sustainable energy system. In other words, the way that the Indian economy would develop in the coming decades would not resemble that of mature economies, which face the different challenges of decommissioning their mature infrastructure and moving away from unsustainable consumption patterns.
We developed two scenarios to study such transformation. The first scenario, 2070 Net Zero, followed the government's ambition to reach energy independence by mid-century and a net-zero economy by 2070. In 2047 Net Zero, we explored the feasibility of reaching both goals by mid-century.
In this note, we focus on 2047 Net Zero, dwell further on the findings from this scenario, and look as well at what it would take to enable such a scenario to materialize. The first chapter details key findings, while the second chapter compares this scenario to others in the literature, and the third chapter explores possible policymaking suggestions that could follow.
Schneider Electric
Vincent Petit, SVP Climate and Energy Transition Research, head of the Schneider Electric™ Sustainability Research Institute
Vincent Minier, VP Energy Transition Research, Schneider Electric™ Sustainability Research Institute
Rohit Chashta, Deputy General Manager, Energy Efficiency and Sustainability Strategy, Schneider Electric India Operations
Venkat Garimella, VP Strategy and Sustainability, Schneider Electric India Operations
Enerdata
Quentin Bchini, Project Manager, Global Energy Forecasting, Enerdata
Magali Mellon, Project Specialist, Global Energy Forecasting, Enerdata
