Kumar outlined the country's unique position, underscoring that despite India accounting for less than 4% of historical emissions, it bears a disproportionate impact of climate repercussions. "Kumar, highlighting the fiscal challenge, remarked that an average Indian household spends almost double its income percentage on energy compared to a Canadian household. "If you truly want to safeguard your energy future, reducing import dependence is imperative," Kumar emphasized.However, he expressed significant concerns about inadvertently exporting jobs due to energy transition measures. "Electrification, according to Kumar, will be the backbone of India's energy transition. Solutions have to be local and effective," Kumar stressed.Kumar also emphasized the need for support, especially for the MSME sector, as they transition to more energy-efficient systems.

Source: Economic Times October 04, 2023 16:32 UTC