Title: Transition towards a green economy: role of FDI

Authors: N.V. Kumar; Neena Sinha

Addresses: National Power Training Institute, Sector-33, Faridabad-121003, India ' University School of Management Studies, Guru Gobind Singh Indraprastha University, Sector 16 C, Dwarka, Delhi-110075, India

Abstract: The energy use in India is at present considerably higher than a few decades ago, mainly as a result of economic growth. The primary source of energy in India, thermal power, is a source of greenhouse gas emissions. To stabilise the CO₂ emissions and promote sustainable development, economic development must go hand in hand with low-carbon society's development. A transition towards a green economy will require a shift away from current production and consumption patterns of energy. This is achievable through improved process and end-use energy efficiency, and increased adoption of cleaner energy sources. Fostering increased investments in clean energy and energy efficiency is an important step to achieving more sustainable economic development. Therefore, we have undertaken this study that attempts to examine the impact of FDI in Indian power sector on the path of clean energy.

Keywords: India; power industry; foreign direct investment; FDI impact; energy efficiency; renewable energy; green economy; greening; greenhouse gases; carbon dioxide; CO2; carbon emissions; sustainable development; sustainability; low-carbon society; clean energy.

DOI: 10.1504/IJTG.2014.066619

International Journal of Technology and Globalisation, 2014 Vol.7 No.4, pp.288 - 306

Received: 22 Jul 2013
Accepted: 23 May 2014
Published online: 14 Jan 2015 *

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