The BloombergNEF (BNEF) report 'New Energy Outlook: India' emphasizes the urgent need for India to decarbonize its power sector to combat climate change effectively. The report stresses the necessity of more than tripling India's solar and wind capacity by 2030 and phasing out fossil fuel-based power generation by 2045. Shantanu Jaiswal from BNEF warns that India's opportunity to limit global warming to below two degrees Celsius is rapidly narrowing, emphasizing the transition to clean power systems. The report presents two scenarios, with the Net Zero Scenario aligning with the Paris Agreement goals and the Economic Transition Scenario highlighting the limitations of current technologies. India's energy sector is projected to shift entirely to clean power by 2050, with significant investments in wind and solar power. The report also addresses the challenges in scaling up technologies like clean hydrogen and biofuels, projecting substantial growth in hydrogen consumption and carbon capture. Overall, the report underlines the massive investment opportunity in clean energy and the critical role of policy decisions in achieving carbon reduction targets.