Need energy transition without compromising economic growth: CEA Nageswaran

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Need energy transition without compromising economic growth: CEA Nageswaran - Business Standard

Quick Summary:

Without growth there are no resources to invest for climate change management," he said while speaking at the Global Economic Policy Forum organised by CII here Citing negative impact, he said, Europe is facing an economic doldrum because of a sharp rise in industrial electricity prices partly because of focus on renewal energy and energy transition.

"We need to do it carefully so that we do not throw the baby of economic growth out with bath water in the name of managing energy transition and tackling climate change.

Chief Economic Advisor (CEA) V Anantha Nageswaran on Thursday underlined the need to be cautious about energy transition and it should be without compromising growth.