Chandra Bhushan: India is already on a low low carbon pathway, now we are accelerating the speed of that pathway.For example, 500 GW renewable energy and 50% of electricity supply through renewable in 2050 means that our coal power will peak much before 2030. It is in the interest of India and, and in the interest of Indian consumers that we move to renewables and quicker the better.

Chandra Bhushan: The first is how do we get investment for it? If we are talking about 500 gigawatts of renewable energy, we are talking about $500 billion. Assuming that we have already have 100 gigawatt, another 400 gigawatt will mean $400 billion.

On top of it, you will require investment in storage technology and a smart grid. So, my ballpark estimate is that India will need anywhere between 500 to $600 billion investment, at least to get to this target.

So, the first goal for us is to create an environment to attract that investment. Investment is not going to come to India just because there is a demand and India has set a target, we will also have to create investor friendly atmosphere in the country.

The second thing is these targets will not be met with current DISCOMs (electricity distribution companies). The way distribution companies are designed. Which means that we will have to have massive reforms in distribution companies for these kinds of goals to be met.

Third, we will require manpower. When your entire electricity sector is going to become renewable with new storage and a smart grid, you will require new kind of people to work in these industries. So Skilling and re-skilling is going to be a major agenda for India.

The next important issue is just transition. All these things will only happen when people in coal producing areas are on board with this transition. We will have to make sure that there is restructuring of industries when we close these coal coal mines. We have to make sure that there are investments in green industries in those areas. So the fourth target is going to be ‘just transition.

These are the minimum requirements that will have to be in place for us in next few years. For these targets to be met.