India's Renewable Energy: A Pathway to a Greener Future by 2050

India could boost its renewable energy share to 13% of its primary energy mix by 2050 with strong policy support and resolution of structural challenges. However, progress in nuclear energy remains hindered by liability and cost issues, and small modular reactors are yet to be commercially viable.

India's journey toward expanding its renewable energy footprint hinges on robust policy execution and addressing logistical challenges, according to Gauri Jauhar of S&P Global Commodity Insights. In an exclusive conversation with ANI, Jauhar highlighted that while fossil fuels remain dominant, a strategic push could elevate renewables to 13% of the energy mix by 2050.

Addressing the nuclear energy landscape, Jauhar pointed out the complexities caused by liability issues and cost implications. She emphasized the need for making nuclear operations more straightforward and transparent, with safety as a top priority. The division of liabilities among operators, suppliers, and the government remains a critical obstacle to progress.

Amid a global shift towards small modular reactors, Jauhar remarked on the high costs and lack of proven commercial viability. Despite international trends, the technology remains three times costlier than current reactors in India, posing significant deployment challenges. The role of private investment, Jauhar noted, is contingent on investor objectives, particularly in relation to growth and stock market returns.