PM says India's push for green growth, energy transition has 3 main pillars -- increasing renewable energy production, reducing fossil fuels usage, and taking the country towards a gas-based economy.
As if low efficiency, competition from renewable players, and fuel supply issues were not challenges enough for coal-based power plants, high pollution norms are likely to accelerate their demise.
Investors remain wary of investing in renewable energy particularly in developing countries, which have large untapped potential for both solar and wind energy.