In India, a functioning hydrogen economy is expected to bolster the energy portfolio in a sustainable way with the support of conducive policies (National Green Hydrogen Mission) from the Government.

Novel and viable alternatives are warranted to achieve the 500 GW renewable energy target for 2030. Agrivoltaics (agriPV) is one such promising technology for optimising land usage by combining agriculture with PV.

Rooftop solar is expected to play a major role in India’s 280 GW solar target for 2030. However, only ~8 GW of the 40 GW target for 2022 has been achieved so far. The residential sector accounts for less than 20% of this installed capacity, despite being offered incentives such as net metering and a 20%–40% capital subsidy.

India recently submitted an updated nationally determined contribution (NDC) to the United Nations Framework Convention on Climate Change (UNFCCC), which includes two short-term commitments.

In the Union Budget 2023-24, INR 35,000 crore has been allocated to the Ministry of Petroleum and Natural Gas for achieving energy transition. A major part of this allocation could go into gas exploration and the setting up of gas infrastructure projects, details of which are yet to emerge.

Can natural gas continue to play the role of a transition fuel for India or will this lead to stranded assets in the future? There is no simple answer to this question. Let’s look at some of the key reasons.

Of India’s nearly 62 GW installed solar capacity, about 50 GW is ground-mounted photovoltaic (PV) plants. Recent trends show that obtaining land parcels for large solar projects is becoming increasingly difficult. Innovative and viable alternatives are needed to reach the 450 GW renewable energy (RE) target for 2030. Among the buzzwords circulating in the upper echelons of policy and decision-making is ‘agrivoltaics’. The concept aims to optimise land usage by combining agriculture with PV (agriPV).

Green growth refers to a rethinking of traditional development strategies by factoring in how economic growth would impact the environment, and today’s climate crisis prescribes urgent worldwide action on this.

India has inexplicably dithered from making dedicated provisions for climate adaptation in its annual budgets, despite facing the brunt of climate change – it was listed as the seventh most vulnerable in the Climate Risk Index 2021. The upcoming budget for the financial year 2023-24 is an opportunity to demonstrate the policy intent towards ensuring climate-resilience of infrastructure, utilising nature-based solutions, and, most importantly, safeguarding the lives and livelihoods of citizens, especially those dependent on climate-sensitive sectors and living in vulnerable regions.