US Tariffs Impact Global Energy Transition
Vedanta CEO Deshnee Naidoo warns that US tariffs imposed by President Donald Trump will hinder the global energy transition. Speaking at the FT Live Energy Transition Summit, Naidoo emphasized that while these tariffs may not broadly affect India's economy, they could fragment global decarbonization efforts.
- Country:
- India
Amid growing global discussions on renewable energy, Vedanta Resources CEO Deshnee Naidoo addressed concerns over new US tariffs potentially slowing energy transition worldwide.
Announced by US President Donald Trump, these tariffs are aimed at adding pressure on Russia but have raised alarms in the renewable energy sector, particularly India's ambitious goals.
Naidoo urges India to ensure a reliable energy mix and suggests incentives for mineral exploration to bolster the economy despite external pressures.
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