At the Jaipur Literature Festival, a panel of economists and climate experts made a compelling argument for biomass as a crucial component of India’s transition to clean energy. The panel, which included economist Prem Shankar Jha, climate activist Avyana Mehta, and environmental entrepreneur Mridula Ramesh, emphasized that solar and wind power alone are insufficient to help developing countries meet their carbon-free targets within the next few decades.
The panelists highlighted the need for robust policy and financial support for green energy startups to accelerate the clean energy transition. They also expressed concern that the United States’ withdrawal from international climate institutions, such as the International Solar Alliance, could hinder global efforts to combat climate change.
Prem Shankar Jha pointed out that biomass can play a central role in India’s transition away from fossil fuels, challenging the current policy focus on solar and wind as the sole solutions. He noted that globally, only 15% of electricity has shifted away from fossil fuels, and electricity accounts for less than one-third of total energy consumption. Additionally, sectors such as transport fuels and industrial heat, including steel, cement, and fertilizers, consume nearly 40% of global energy and remain heavily dependent on fossil fuels.
The panelists argued that biomass can help address these challenges by providing a low-carbon alternative for these sectors. They emphasized that a diversified approach to clean energy, including biomass, is necessary to achieve India’s climate goals. The discussion highlighted the importance of considering the entire energy landscape, rather than just focusing on electricity generation, to develop effective strategies for reducing greenhouse gas emissions.
Overall, the panel made a strong case for biomass as a critical component of India’s clean energy transition, and emphasized the need for a comprehensive approach to address the country’s energy needs while reducing its reliance on fossil fuels. By supporting green energy startups and promoting a diversified mix of clean energy sources, India can accelerate its transition to a low-carbon economy and meet its climate goals.