Development Talk: Investment in the Energy Transition / Global and Domestic Dimensions

In this Development Talk seminar, Suman Bery discusses his optimism for India's future growth, whether the energy transition complicates India's growth trajectory, the potential sources of capital for India's energy transition, how to jump start private sector investment in green energy, and how India's engagement with industrial policy should look like moving forward. Speaker: Suman Bery, Vice Chairperson, National Institution for Transforming India (NITI) Aayog Moderators: Ricardo Hausmann, Director, Growth Lab, and Rafik Hariri Professor of the Practice of International Political Economy, HKS Akshay Mathur, Edward S. Mason Fellow, Harvard Kennedy School About the speaker: Mr. Suman Bery is currently Vice Chairperson, NITI Aayog, in the rank and status of a Cabinet Minister. An experienced policy economist and research administrator, Mr. Bery took over as NITI Aayog Vice Chairperson on May 1, 2022. At the time of his appointment, Mr. Bery was a Senior Visiting Fellow at the Centre for Policy Research, New Delhi; a Global Fellow in the Asia Programme of the Woodrow Wilson International Centre for Scholars in Washington D.C.; and a non-resident fellow at Bruegel, an economic policy research institution in Brussels. He was also a member of the Board of the Shakti Sustainable Energy Foundation, New Delhi. From early 2012 till mid-2016, Mr. Bery was Royal Dutch Shell’s global Chief Economist based in The Hague. In this capacity, he advised the board and management on global economic and political developments. He was also part of the senior leadership of Shell’s global scenarios group. During his time at Shell, he led a collaborative project with Indian think tanks (later published) to apply scenario modeling to India's energy sector.