Homevideos Newsenergy News

    Energy crisis making green transition harder: Sumant Sinha

    videos | IST

    Energy crisis making green transition harder: Sumant Sinha

    Mini

    The energy crisis that the world is currently dealing with on account of the Russia-Ukraine war is going to create a ripple effect. Sumant Sinha, Chairman & CEO of ReNew Power believes this is making the whole energy transition even more complex than it was earlier

    All eyes are currently on whether the world is going to be able to achieve the sustainable development goals by 2030, and by all accounts at this point in time, it is off track on nearly every single one of them.
    There is an energy crisis that the world is currently dealing with on account of the Russia-Ukraine war, and the question now is what that means for the climate transition.
    Speaking to CNBC-TV18, Sumant Sinha, Chairman & CEO of ReNew Power, said, “The world is a pretty uncertain place right now, particularly now with the war that is going on, obviously energy is in a very, very difficult place. Europe is now suddenly having to find almost 40 percent of its energy from somewhere else.”
    He added, “It is causing a lot of changes right now in the energy transition, which is already creating its own disruption in the energy market. All this is just adding to this whole global macro — this energy crisis is really making the whole energy transition even more complex than it was earlier.”
    He said this is going to create a ripple effect, the impact of which is going to be felt — and is being felt — all the way across the rest of the world.
    For full interview, watch accompanying video
    Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
    next story

      Most Read

      Market Movers

      View All
      CompanyPriceChng%Chng