Adani Enterp. 2481.00↑35.95(1.47%)
Adani Ports 742.10↑5.50(0.75%)
Apollo Hospitals 4990.00↑22.70(0.46%)
Asian Paints 3217.55↓-19.70(-0.61%)
Axis Bank 946.60↑20.50(2.21%)
B P C L 356.95↓-3.10(-0.86%)
Bajaj Auto 4689.30↑20.20(0.43%)
Bajaj Finance 7025.00↑1.10(0.02%)
Bajaj Finserv 1461.60↑4.35(0.30%)
Bharti Airtel 834.00↓-2.50(-0.30%)
Britannia Inds. 4702.30↑48.15(1.03%)
Cipla 969.10↑3.25(0.34%)
Coal India 230.90↓0.00(0.00%)
Divi's Lab. 3481.10↓-30.50(-0.87%)
Dr Reddy's Labs 4631.95↑21.50(0.47%)
Eicher Motors 3705.00↑5.60(0.15%)
Grasim Inds 1738.00↑27.45(1.60%)
H D F C 2654.80↑8.90(0.34%)
HCL Technologies 1145.05↑8.00(0.70%)
HDFC Bank 1611.00↑4.50(0.28%)
HDFC Life Insur. 577.75↑1.35(0.23%)
Hero Motocorp 2879.45↓-13.20(-0.46%)
Hind. Unilever 2697.00↓-19.70(-0.73%)
Hindalco Inds. 419.95↓-0.80(-0.19%)
ICICI Bank 949.65↑11.50(1.23%)
IndusInd Bank 1295.30↑7.10(0.55%)
Infosys 1308.55↑9.55(0.74%)
ITC 442.60↓-0.80(-0.18%)
JSW Steel 707.20↑0.60(0.08%)
Kotak Mah. Bank 1941.00↑2.25(0.12%)
Larsen & Toubro 2262.90↑28.35(1.27%)
M & M 1383.00↑41.60(3.10%)
Maruti Suzuki 9607.00↑121.65(1.28%)
Nestle India 21910.00↓-136.45(-0.62%)
NTPC 175.20↑0.65(0.37%)
O N G C 155.55↑0.85(0.55%)
Power Grid Corpn 236.00↑1.40(0.60%)
Reliance Industr 2464.25↑9.05(0.37%)
SBI Life Insuran 1212.25↑9.75(0.81%)
St Bk of India 587.40↑0.20(0.03%)
Sun Pharma.Inds. 1017.00↑17.40(1.74%)
Tata Consumer 795.85↓-0.20(-0.03%)
Tata Motors 547.50↑11.60(2.16%)
Tata Steel 108.50↑0.50(0.46%)
TCS 3312.90↑7.30(0.22%)
Tech Mahindra 1112.65↓-10.45(-0.93%)
Titan Company 2848.00↓-13.65(-0.48%)
UltraTech Cem. 7906.90↑56.25(0.72%)
UPL 686.35↑3.00(0.44%)
Wipro 405.00↑0.05(0.01%)

Uncounted costs of energy transitions to reduce carbon emissions

States with the most to lose from the rise of RE power are yet to start preparing their economies and people for the shift

Subhomoy Bhattacharje New Delhi

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Photo: Bloomberg

6 min read Last Updated : Jan 31 2023 | 9:36 PM IST

Last week, speaking in Gandhinagar at the first meeting of the B20 (Business 20), which brings together corporate leaders within the G20 framework, Sanjiv Puri, chairman and managing director of ITC, said, “It is important as we traverse this complex journey of energy transition that the process is inclusive. No country, no community, no enterprise should be excluded in the process. Otherwise, the whole challenge of social inequality will only get accentuated.”

The concerns that Puri raised are pervasive within industry. Speaking at the same forum, T V Narendran, Tata Steel CEO and managing director, made the concerns more specific. “There are millions of people who are working in the coal or the fossil fuel ecosystem,” he said. “How do you, as you transition into renewable energies, rescale those workers or how do you make sure that you deal with the socioeconomic consequences of the changes that we are bringing about?”