OPINION – Beat the heat, don’t break the grid

India’s power grid is buckling under the summer heat. Air conditioners (ACs) are fast becoming the single largest driver of peak electricity demand — contributing as much as 70 GW, or 25%. ACs are power guzzlers, each consuming 100-150 times the electricity of an LED bulb.

India’s Green Steel Turning Point

India’s steel sector remains heavily dependent on imported coking coal. India’s next phase
of steel expansion would lock the country into more than US$1 trillion in coking coal
imports over the life of these assets, with material implications for energy security, foreign-exchange exposure, and export competitiveness.

The Economic Case for Green Steel Production in India

India’s steel sector remains heavily dependent on imported coking coal. Planned expansion of blast-furnace capacity to approximately 180–195 MTPA by 2030–31 would lock in over $1 trillion in coal imports over a 40-year asset life, deepening India’s energy import dependence, foreign-exchange exposure, and vulnerability to carbon border measures in export markets.

Clean Energy as Economic Statecraft: Ten Strategies for Powering Viksit Bharat 2047

India has crossed a structural threshold: clean energy is no longer a climate choice; it is now economic statecraft. Handled strategically, it can halve economy-wide energy costs and halve fossil-fuel imports by mid-century, converting over US$200 billion per year currently spent on fuel imports into domestic capital formation and infrastructure investment. This would deliver a decisive boost to industrial competitiveness, energy security, and trade stability. Managed poorly, however, it risks remaining a fragmented sectoral transition, leaving India exposed to import volatility, fuel-price shocks, and stranded capital.