This report examines macroeconomic impacts of India’s renewable energy pathway. By establishing the relationship – negative, positive, or neutral – between key macroeconomic factors and renewable energy, the report examines the opportunities to meet economic and clean energy targets simultaneously.

Global warming caused by accumulation of emissions of greenhouse gases (GHGs) is a public bad, addressing which requires collective action by all the countries of the world. Under the United Nations Convention on Climate Change (UNFCCC), most countries have negotiated the Kyoto Protocol for GHG emissions control to stabilize climate change.