In this interview, India Foundation’s Managing Director Shaurya Doval joined ESG News CEO Matt Bird to discuss economic insights into India’s energy transition. From the interview, “India is making a material transition, and the stakes couldn’t be higher.” Shaurya Doval continued, “With a population of 1.3 billion—nearly 20% of the global population—and an 85% dependence on fossil fuel imports, India faces the dual challenge of sustaining its economic growth while reducing its carbon footprint. As the country’s economy is projected to grow from $4 trillion to $20 trillion over the next 10 to 20 years, a continued reliance on fossil fuels is simply unsustainable.”

The India Foundation plays an influential role in India’s energy transition by facilitating dialogue, research, and policy recommendations aimed at advancing sustainable energy solutions and reducing dependence on fossil fuels. Recognizing India’s unique position as a rapidly growing economy with significant energy demands, the India Foundation brings together policymakers, industry leaders, and experts to explore pathways toward a low-carbon future.

The foundation’s initiatives focus on fostering innovation in renewable energy, promoting investment in clean technologies, and encouraging responsible energy consumption across industries and communities. Through its conferences, policy papers, and collaborations, India Foundation addresses critical aspects of energy security, green finance, and regulatory frameworks that support the shift to renewables.

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In addition, the India Foundation advocates for scalable solutions in green energy infrastructure, such as solar, wind, and hydroelectric power, and supports public awareness campaigns to encourage sustainable practices at both corporate and community levels.

Guest Details:

Mr. Shaurya Doval is member of the International Senior Team of Greater Pacific Capital – focusing on deal origination and the management of senior external relationships for the firm. Prior to joining GPC, Mr. Doval co-founded Zeus Capital, an Indian infrastructure-focused investment bank that has closed more than US$1bn of transactions across multiple geographies and sectors. Formerly, Mr. Doval was a Director in the principal finance business of GE Capital in London, where he worked on a number of the firm’s key equity investments.

Mr. Doval is the founding director of the India Foundation, a think tank based in New Delhi, India. Mr. Doval has an MBA from the University of Chicago and London Business School, and is a qualified accountant.

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