The target of 175GW of renewable energy by 2022 and the formation of the International Solar Alliance with India in the lead are examples of our commitment towards clean energy. With both solar and wind power established as being cheaper than coal-based power, going by economic logic alone, majority of India’s future capacity additions should be through renewables.

The stakes involved in the shale versus crude oil battle are far greater in 2018, and so are the risks. The world is more fractured geo-politically, while dependencies of importing nations have increased due to galloping demand. The first signs of the sobering effect have shown up on crude price indices, and the punters are reassessing their positions.