Union Minister for New and Renewable Energy Pralhad Joshi has said that India’s energy transition has been consciously designed as a driver of industrialisation, job creation and global competitiveness, offering a replicable model for emerging economies.
He was addressing a high-level session titled “Energy: The Great Funding Gap” at the World Economic Forum (WEF) Annual Meeting 2026 in Davos, Switzerland.
Energy Transition as a Development Movement
The minister highlighted that India has successfully transformed clean energy from being merely a climate obligation into a people-centric development movement. He underlined that India’s approach integrates economic growth, employment generation, and sustainability rather than treating energy transition as a standalone environmental goal.
World Economic Forum Annual Meeting
The 56th Annual Meeting of the World Economic Forum was held at Davos-Klosters, Switzerland, from January 19–23, 2026.
- Founded: 1971
- Founder: Professor Klaus Schwab
- Nature: Not-for-profit foundation
The WEF was established with the transformative idea that business should not only create economic value but also serve society and the planet.
WEF Leadership
- Interim Co-Chairs: Larry Fink and André Hoffmann
- President and CEO: Børge Brende
The Forum’s Annual Meeting is traditionally held in Davos, Switzerland, bringing together global leaders from government, business, civil society, and academia.
Key WEF Reports
The World Economic Forum publishes several influential global reports, including:
- Global Risks Report
- Global Gender Gap Report
- Global Competitiveness Report
Other important publications include the Future of Jobs Report, Energy Transition Index, and Travel & Tourism Development Index.
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