The Green Transition

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The symposium saw participation from senior dignitaries from central and state governments, including Sh. Suman Bery, VC, NITI Aayog, Sh.B. V. R. Subrahmanyam, CEO, NITI Aayog, Sh. R P Gupta, Chairman and Managing Director, SECI, Ms. Leena Nandan, Secretary, MoEFCC, Sh.Pankaj Agarwal, Secretary, Ministry of Power, Sh. Pankaj Jain,Secretary, MoPNG, and Sh. Prashant Kumar Singh, Secretary, MNRE.

NITI Aayog, in collaboration with the Ministry of Power and the Ministry of New and Renewable Energy, launched the ASSET platform—Accelerating Sustainable Solutions for Energy Transition.ASSET platform is a timely initiative to support states in accelerating their green transition. The platform will assist in formulating state energy transition blueprints along with aiding in its implementation, preparing a pipeline of bankable projects,showcasing best practices across states as well as upcoming technology
and innovations in critical sectors like BESS, Green Hydrogen, Energy efficiency, e-mobility, offshore wind, etc.

The role of states is crucial in achieving India’s national aspirations of becoming Viksit Bharat by 2047 and achieving Net-zero GHG emissions by 2070. This requires sustained economic growth over the next two decades. States need to develop and implement energy transition plans that align with overall national goals. This involves three key steps: first, preparing comprehensive energy transition blueprints; second, developing investible projects and ensuring their effective implementation; and third, fostering innovation in emerging technologies.

Sh. Suman Bery, Vice Chairperson, NITI Aayog, highlighted the financial challenges in renewable energy expansion, calling for innovative funding mechanisms to sustain RE growth within private-sector-driven models.

Sh. BVR Subrahmanyam, CEO of NITI Aayog, stressed the need for cooperative federalism, noting ASSET’s role in providing states with the tools to develop viable, comprehensive green transition plans aligned with national goals.

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