Essayer OR - Gratuit
A TIGHT ROPEWALK
BW Businessworld
|December 28, 2024
With Trump's return to the White House, India faces pivotal choices on energy trade, climate goals, and energy transition
FOR ANY head of the state/ executive designate in a democracy, the administration or the cabinet of ministers they choose becomes a significant indicator of their term's agenda and policy focus. So when US President-elect Donald Trump on 16 November 2024 announced his pick to lead the Department of Energy, it became clear what the fate of the global climate talks and the transition towards clean energy could be.
Trump named Chris Wright, Founder and CEO of Liberty Energy, an oilfield services firm based in Denver, Colorado, as his energy secretary nominee. Wright has been a vocal advocate of fossil fuel use and has written extensively on the need for more fossil fuel production to lift people out of poverty. A climate sceptic, Wright, in a video posted on LinkedIn, remarked, "There is no climate crisis, and we're not in the midst of an energy transition, either." His stance resonates with that of Trump, who revived the slogan of "Drill Baby, Drill" in the run-up to the elections and called for increased domestic oil and gas drilling.
Trump has also called for rolling back regulations that he believes hinder fossil fuel industries, notably outgoing President Biden's flagship climate law, the Inflation Reduction Act (IRA). Hence, it was no surprise that the oil industry was among the top donors to Trump's campaign.Democratic administrations in the past have pushed climate and energy to the top of the bilateral agenda, including with India. But with Trump's emphasis on trade policy, not once but twice since winning the election in November, the President-designate has threatened India with reciprocal tariffs.
Cette histoire est tirée de l'édition December 28, 2024 de BW Businessworld.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE BW Businessworld
BW Businessworld
A NOVEL THAT GLIDES THROUGH MANY REALMS
Journalist Nikhil Kumar strides into the arena of fiction with aplomb. His novel navigates continents and decades, capturing both the rarified world of architecture and the intimate spaces where relationships fracture
2 mins
December 13, 2025
BW Businessworld
"Huge Capacities Are Required"
DV Kapur on India's energy future, the need to balance coal and renewables, his eponymous foundation, and much more
2 mins
December 13, 2025
BW Businessworld
METAL, MUSIC & MOTORCYCLING
From the new Bullet 650 to the Flying Flea C6 and S6 electric scrambler concept, Motoverse 2025 brought together heritage motorcycles, next-gen EVs, riding culture and a vibrant global community
5 mins
December 13, 2025
BW Businessworld
Redefining Unalloyed Nationalism
In My Idea of Nation First, author UDAY MAHURKAR argues that India's future governance is inseparable from its understanding of the past,\" writes Srinath Sridharan
3 mins
December 13, 2025
BW Businessworld
"We have consistently delivered an annual ROI of approximately 40 per cent"
Dushyant Singh, a food & beverage entrepreneur, has over 15 years of experience in building F&B brands, including On The House, Rustic, and The Lama. BW Businessworld recently caught up with Singh to chat about his latest venture, Coffee Sutra, a favourite among coffee aficionados in Jaipur. Excerpts
4 mins
December 13, 2025
BW Businessworld
"The AI Race Won't Be Decided By Models & Tokens, But By Economics"
PHILIPP HERZIG, Chief Technology Officer at SAP, discusses the changing mandates of tech leadership, the next phase of AI adoption, SAP's rapid progress with Joule and RPT1, and why India is core to SAP's future, in an interaction with BW Businessworld's Rohit Chintapali. Excerpts
4 mins
December 13, 2025
BW Businessworld
“The genie is not going back in the bottle”
Al will reshape commerce faster than any previous industrial shift, and businesses must now design for scale, trust and permanence rather than novelty, says DIARMUID GILL, Chief Technology Officer, Criteo, in this conversation with Noor Fathima Warsia
2 mins
December 13, 2025
BW Businessworld
PREMIUM PUSH
With Aston Martin watches and 200 new exclusive stores, Timex India sharpens its premium ambitions and long-term growth play
4 mins
December 13, 2025
BW Businessworld
Carrot & Stick Game
Unlisted shares are typically valued based on demand–supply dynamics, rather than on core fundamentals, as detailed financial information is usually limited
3 mins
December 13, 2025
BW Businessworld
STEADY ASCENT
In a fiercely competitive market, can home appliances and durable company Kenstar's calibrated expansion across categories and towns unlock its Rs 3,000-crore revenue ambition?
6 mins
December 13, 2025
Listen
Translate
Change font size
