Global Coalition Fosters Resilient Energy Transition Amidst Challenges | India News
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Despite the US withdrawal from climate talks, a growing coalition of businesses, governments, and civil society actors continues to drive the global energy transition forward. The shift towards decarbonisation is gaining momentum, with over 100 countries reducing fossil-fuel imports and saving an estimated $1.3 trillion since 2010. The International Energy Agency predicts a rapid acceleration of this trend through the decade, as the cost of renewables continues to fall and demand for clean energy rises. This has led to a significant increase in investment in clean energy, with global clean energy investment exceeding $2 trillion in 2024, outpacing fossil fuels by $800 billion. Industry leaders are embedding clean technologies, electrification, and renewables into their operations, with companies like Tata Steel and Mahindra in India advancing Scope 3 emissions reduction through supplier engagement and sustainable supply chain management. While challenges remain, particularly in sectors like power and cement, the path to net zero is becoming increasingly clear. Strategic investments, cross-sector alliances, and innovation are providing a model for pragmatic, scalable progress. The global energy transition is now a collaborative effort, with businesses, investors, and policymakers working together to drive progress. This resilience is built on advances in technology, falling costs, and robust demand, which underpin the continued rise of renewables, electrification, and emissions reduction in both advanced and emerging economies. As AI data centres continue to grow, the industry is responding by investing in renewable energy supplies and AI-powered grid optimisation. Partnerships are accelerating efforts to decarbonise energy supply, and industry standards are emerging to encourage transparency and data-sharing. While challenges remain, the global coalition driving the energy transition is fostering a resilient and cleaner energy system for the future.
