Role of Public Policy in India’s Transport Sector Towards Energy Transition: A Critical Analysis

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Monica Pradyot, Saksham Pradyot

Abstract

The global energy landscape is undergoing a critical transformation, driven by concerns around climate change, energy security, and resource depletion. This transition necessitates a shift from traditional fossil fuels towards cleaner and more sustainable energy sources. As per the IPCC Special Report of 2018, governments must achieve 1.5 degrees Celsius by 2030 to limit global warming. Therefore, public policy plays a vital role in driving this transition by creating incentives and regulations that promote low-emission vehicles (LEVs), develop infrastructure for LEVs, encourage public transportation use, and influence urban planning for sustainability. However, several significant challenges, such as financial, institutional, social and technological barriers, can impede the implementation of these policies. Despite these challenges, public policy remains the cornerstone of the global effort to achieve a sustainable and energy-resilient future. The paper will discuss the multifaceted role of public policy in impacting sustainability and climate change mitigation. The study's primary objective is to examine how various policy instruments, such as subsidies, regulations, and incentives, influence the adoption of renewable energy technologies and the reduction of greenhouse gas emissions. The authors seek to analyse various public policy instruments adopted by other countries and will provide a pragmatic suggestion to develop a robust roadmap for a sustainable environment.

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How to Cite
Monica Pradyot, Saksham Pradyot. (2024). Role of Public Policy in India’s Transport Sector Towards Energy Transition: A Critical Analysis. European Economic Letters (EEL), 14(4), 1735–1743. https://doi.org/10.52783/eel.v14i4.2306
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