REC's Dewangan on India's Energy Transition Effort

The video discusses India's ambitious energy transition goals, aiming for net zero by 2070, requiring over $10 trillion in investment. It highlights the challenges in financing green projects, emphasizing the need for regulatory frameworks and green taxonomy. India's leadership in green hydrogen and ammonia initiatives is noted, with a focus on reducing production costs. The strategy for decarbonization includes increasing the renewable energy portfolio and reducing reliance on fossil fuels. Additionally, the diversification of financing into non-power sectors is explored, aiming to support infrastructure and logistics growth.

What is India's target year to achieve net zero emissions?

• 2100

• 2030

• 2070

• 2050

What is the main challenge in financing renewable energy projects in India?

• High cost of financing

• Insufficient government support

• Lack of technology

• Limited investor interest

What is crucial for attracting investment in green projects according to the transcript?

• Increasing subsidies

• Reducing labor costs

• Developing a green taxonomy

• Lowering taxes

Which country is leading in green hydrogen and ammonia initiatives?

• Germany

• USA

• China

• India

What is a key strategy to reduce the cost of green hydrogen production?

• Reducing taxes

• Importing resources

• Technological R&D

• Increasing labor

What percentage of REC's current portfolio is related to fossil fuels?

• 43%

• 39%

• 31%

• 10%

What sector is REC planning to diversify its financing into?

• Education

• Agriculture

• Non-power infrastructure

• Healthcare