Overdependence on fossil fuels will continue to disrupt global economy: PM Modi
BusinessLine 1 hr ago·2 Nov 2026, 4:13 pm
Prime Minister Narendra Modi has highlighted the persistent economic risks posed by the world's continued reliance on fossil fuels. He emphasized that this dependence creates instability and disrupts global markets. In contrast, the shift toward renewable energy is presented as a crucial driver for long-term stability and growth.
For investors, this underscores the growing importance of the green energy transition. The sector has attracted significant capital, with investments reaching over ₹15 lakh crore in the last decade. This trend suggests that companies focused on sustainable energy solutions may see sustained interest as the global economy moves away from traditional energy sources.
What to watch next is the pace of policy support and technological advancements in the renewable space. As nations accelerate their efforts to reduce carbon footprints, the competitive landscape for energy providers is likely to evolve rapidly. Investors should monitor how traditional energy firms adapt to these changing market dynamics.
Excerpt from BusinessLine
Modi noted that the renewable energy sector has attracted over ₹15 lakh crore, or $164 billion, over the past decade Emphasising that energy security is directly connected with economic security, Prime Minister Narendra Modi on Monday pointed out that the geopolitical upheavals this year have demonstrated that clean…Read the original at BusinessLine
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