Policy brief: Making India’s green growth market work

Policy brief: Making India’s green growth market work

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Date:
Author: CDKN Global
Countries: Asia, India

This is part of a series of policy briefs by the British High Commission, New Delhi, on the work of the India-UK partnership on energy and green growth. You can access the other policy briefs here.

The Indian economy is growing quickly, and continual improvements in energy and infrastructure are central to sustaining India's growth. India is committed to green growth, which impacts the way in which these improvements are designed and delivered. To support delivery of India's green growth vision, the India-UK partnership identified areas where work was required to increase the evidence base and generate policy discussions on green growth pathways. This included the creation of national and sub-national platforms to identify policy options, disseminate research findings and inform policy choice making.

This brief sets out the India-UK partnerships on green growth, which have resulted in successful co-creation of sustainable policies, reforms and partnerships which have led to significant investments from both countries.

Key messages:

  • India is set to contribute more than any other country to the projected rise in global energy demand.
  • The 'India’s Energy Security Scenarios 2047’ building tool shows that India's oil and gas import dependence can be lowered from the current 31% to 21% by 2047,
  • To reduce import dependence by 10% by 2022, the Government of India is opening up new markets for exploration and production of oil and gas in India.
  • The opening of gas markets is expected to create huge opportunities, for example one green-field Liquefied Natural Gas (LNG) terminal is expected to create 5,500 jobs.
  • Engagement in power sector reform has been effective in opening up energy markets and improving energy access

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