Decarbonisation Advisory

India’s per-capita energy consumption rose from 14,682 MJ in 2014-15 to 18,410 MJ in 2023-24 at a CAGR of 2.55% and is expected to increase by 25 % by 2030. India’s per capita electricity consumption stood at 1,395 kWh in 2023-24, well below the global average of 3,700 kWh and is poised to grow annually by ~ 10% till 2030. This rapid energy demand growth opens significant space for Renewables, CCUS and other low carbon fuels to work together to advance India’s decarbonization goals.

 

India’s decarbonisation pathway will require a combination of Renewable energy, Electrification, energy efficiency, CCUS and low-carbon fuels across energy-intensive sectors. Particular emphasis is needed on hard-to-abate industries, where direct electrification may be technically not possible or is economically challenging. CCUS can play a critical role in addressing residual and process emissions, particularly in cement, steel, chemicals and other carbon-intensive industries. Renewable power, green hydrogen and low-carbon molecules can progressively replace fossil-fuel-based energy and feedstocks. The transition should focus on measurable emissions reduction, lifecycle carbon intensity, technology readiness and long-term economic competitiveness.

 

Decarbonisation advisory looks to support Decarbonisation by offering integrated services spanning technology assessment, project development, carbon accounting, CCUS implementation, financing, and regulatory and commercial advisory.