Navigating the Green Transition: Insights from Prashant Ruia at Davos 2025
Key Ideas
  • Prashant Ruia emphasizes the inevitable transition to cleaner fuels and greener alternatives amidst global geopolitical shifts at the World Economic Forum in Davos 2025.
  • Essar's investments focus on building sustainable ecosystems for industrial decarbonisation, renewables, green mobility, biofuels, and digital infrastructure, aiming for commercially viable solutions.
  • The interview highlights the challenges and opportunities in transitioning from fossil fuels to greener alternatives, with a focus on making green technologies profitable and competitive in the market.
  • Prashant Ruia discusses investments in hydrogen for industrial decarbonisation, green mobility initiatives in India, and the shift towards round-the-clock renewable power solutions using solar, wind, and battery technologies.
The interview at the World Economic Forum in Davos 2025 between Prashant Ruia and Menaka Doshi from Bloomberg sheds light on Essar's commitment to the green transition and sustainable investments. Prashant Ruia discusses the challenges of transitioning from fossil fuels to greener alternatives, emphasizing the need for commercially viable solutions. He addresses the impact of global geopolitical shifts on the green energy sector, highlighting Essar's investments in various areas like industrial decarbonisation, renewables, green mobility, biofuels, and digital infrastructure. Ruia acknowledges the slower transition pace due to the need for replacing existing infrastructure heavily dependent on fossil fuels. Despite challenges, he remains positive about the inevitable shift towards cleaner technologies. The interview also touches upon the potential impact of US policies on global trade, emphasizing India's role as a viable alternative in the evolving trade landscape. Prashant Ruia outlines Essar's focus areas for investments, including industrial decarbonisation through hydrogen, green mobility in India, and round-the-clock renewable power solutions. He emphasizes the shift towards cleaner and more sustainable energy solutions, marking a departure from traditional coal and gas-based power. Ruia's insights highlight the importance of technology and commercial viability in driving the green transition towards a more sustainable future.
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