Research

India aims to become a leading producer of green hydrogen by the next decade as part of its broader industrial and decarbonization strategies. This brief provides an overview of India's current hydrogen strategy, as well as the challenges - land and water scarcity, infrastructure gaps, and financing gaps - that must be addressed in order for India to achieve its ambitious goals.

During foreign policy disputes involving China and some of its most important commercial partners, why do local leaders punish or protect foreign commercial actors? The decision comes down to the political incentives facing each local leader. Understanding this variation is important because how local leaders treat foreign businesses can influence the overall effectiveness of the Chinese government’s economic coercion against foreign states. 

Power transitions affect a state’s ability to exercise economic statecraft. As a dominating and a rising power approach parity, they face structural incentives to decouple their economies. This decoupling affects business-state relations: high-value businesses within the dominant power tend to oppose their state’s economic statecraft because of its costs to them, whereas low-value businesses within the rising power tend to cooperate because they gain from it. 

Low-carbon energy technology (LCET) startups could play a key role in accelerating India’s decarbonization. Yet, understanding of the LCET startup landscape and what shapes it remains low. This paper provides an analysis of the Indian LCET startup landscape to fill this gap.

Economic interdependence has long been considered important to international peace. Questions about harmful effects of the free flow of capital, however, are arising. China and Organization for Economic Co-operation and Development countries are increasingly involving their business firms in security and intelligence work, causing a security dilemma dynamic that increases economic competition.

For many, integrating “decarbonization” into public policy, corporate and financial strategies has become a requirement, not an option — yet, what happens when the critical link between climate stability and decarbonization breaks?

How can electricity sector policymakers in developing countries ensure financial viability of utilities while also extending electricity access and minimizing the environmental impact of electricity supply? This study uses a mixed-method approach to analyze synergies and trade-offs between policies for financial reform of utilities, extending electricity access, and solar PV deployment in the case of Uttar Pradesh in India.

The capacity to manage technological change is an important prerequisite for climate change mitigation, adaptation, and green growth. This paper explores how capacity might be built in developing countries in the context of climate and sustainable development challenges through an in-depth qualitative case study on energy efficiency in India.

Capital Choices analyzes the creation of different SWFs from a comparative political economy perspective, arguing that different state-society structures at the sectoral level are the drivers for SWF variation. Juergen Braunstein focuses on the early formation period of SWFs, a critical but little understood area given the high levels of political sensitivity and lack of transparency that surround SWF creation. Braunstein’s novel analytical framework provides practical lessons for the business and finance organizations and policymakers of countries that have created, or are planning to create, SWFs.

India plays a critical role in global climate and energy policy. Although India is only responsible for 7% of global greenhouse gas emissions today, it has a large population and considerable potential for rapid economic growth. This paper explores how India’s states can best address climate change, the relative roles of state and Union governments, and how relationships between states and New Delhi can constrain or accelerate climate action.