Five-year plans back at Niti Aayog, this time to cut emissions
Live MintNew Delhi: Five-year plans that made an unceremonious exit nearly a decade ago are making a quiet comeback, this time to handhold India's decarbonization journey. “Niti Aayog is helping to define how the country needs to transition, how the power sector should look like, how much solar and wind capacity is required, how the industry needs to transition and which technologies are required, among others," said one of the two people, who is part of climate finance group of the finance ministry. The person described the Niti Aayog effort as a “scoping study" to set out various capacities that need to be built up and necessary investments for the green transition, financing and government support. It's an iterative process and Niti Aayog is still in the process of taking feedback from various stakeholders like policy advocacy forums, industry players, and ministries," the second of the two people quoted earlier said. “Once the study is out and the sector-specific ministries start implementing it, there might be some policy tweaks or new policies that may require cabinet approval," the person said.