Analyzing Energy Transition in South Asia: Issues and Challenges

Apart from being a leading energy consumer, South Asia has the most significant carbon emission. Significantly all South Asian countries have ratified the Paris Agreement. Consequently, they must craft a robust transition policy to meet their commitment. Though the local context essentially defines the transition strategy, the global processes have a vital role in shaping and making. The renewable energy industry is globalizing, incentivizing big companies to invest in renewables while integrating the supply chain across the markets. Sustaining the strength of financial power and control of technology, these companies are emerging as essential players in the energy transition in South Asia. This growing influence of external players in shaping the transition strategy raises some vital questions about the political economy. The present paper will focus on the institutional and regulatory regime in the context of the interface of global and local processes influencing the transition processes.