South Asia

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.

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.

Pakistan’s floods of 2022 were the latest, and most damaging yet, addition to the long history of floods in the country. As the muddy waters slowly recede, the need for speeding up action to face future floods stands clear.

This research note provides insights on the role of nature-based solutions for carbon mitigation in India, including scenario simulations by 2050. The results show that forests, trees, and agroforestry can provide major carbon reductions through sustainable land use nationwide, helping India to offset carbon emissions from hard-to-abate sectors.

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.

In late 2017, Mexico made headlines as Italian company Enel bid what was then a world-record low price for renewable energy in the country’s third such energy auction. This development was possible due to the historical and sweeping energy reforms passed with broad support in Mexico in 2013. Then-President Enrique Peña Nieto had succeeded where previous Mexican presidents had failed, reversing decades of resource nationalism and overhauling the energy sector through constitutional reforms that gave the private sector a larger role and advantaged renewable energy in Mexico’s economy. The 2017 auction seemed to indicate Mexico’s bright future not only as a conventional oil producer, but also as a clean energy power.

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.