Renewable energy

The world has faced oil shocks before. This one, Birol made clear, is different – deeper, wider and more dangerous. How governments respond in the coming weeks will determine whether the pain remains temporary or becomes a lasting scar on the global economy.

As South Asia pushes ahead with billions of dollars in LNG infrastructure, the unfolding crisis in the Gulf is a stark reminder that energy security in a volatile world remains deeply intertwined with geopolitics.

Compounding the acceleration are insidious feedback mechanisms that PIK's research illuminates as potential game-changers. A March 2025 study from the institute projects that even low-to-moderate emission scenarios could unleash amplified heating over the next millennium.

The funds, primarily structured as low-interest concessional loans through Germany's development bank KfW, will target key priority areas aligned with India's ambitious climate goals and the broader framework of the Green and Sustainable Development Partnership (GSDP), launched in 2022.

These twin initiatives – ministerial oversight of state action plans and on-ground inspections by CAQM – reflect an intensified government push to address chronic air pollution in the NCR.

The approval comes with an attractive package of incentives designed to catalyse both investment and environmental impact.

The government’s aggressive renewable energy agenda has been instrumental, with a suite of policies designed to hit 500 GW non-fossil capacity by 2030.

In 2025, global emissions of carbon dioxide from fossil fuels are projected to reach an unprecedented level, underscoring the widening gap between climate ambition and reality.