RENEWABLE ENERGY

Opportune time for India’s clean energy multilateralism

China’s credibility globally has been greatly diminished by the opaqueness of its handling of the COVID-19 pandemic and concerns over its expansionism. This adds to criticism over the predatory economics of its Belt and Road Initiative (BRI).

These developments have accelerated the growing scepticism over the value and viability of multilateralism, typified by rising barriers to global economic integration. However, despite the erosion of faith in globally integrated supply chains, the growing anti-China sentiment offers India an opportunity to bolster its geopolitical relevance by leveraging its expertise in clean energy.

The partnership agreements signed on India-led initiatives such as the One Sun One World One Grid and the promotion of solar pumps at the recently-concluded World Solar Technology Summit (WSTS) are evidence that India has the confidence of the world.

Source
CNBC
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