Successful economies have several things in common, including a stable and reliable energy system with relatively affordable prices for households and businesses. This puts developing countries such as India in a difficult position as their infrastructure is mostly underdeveloped and production largely dependent on the marginal costs of fossil fuels. There seems to be momentum, however, in favor of decarbonizing developing countries from the perspective of investors. The Indian market is showing signs that it could be one of the largest benefactors…
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