Page 20 - Policy Economic Report - Feb 2026
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POLICY AND ECONOMIC REPORT
               OIL & GAS MARKET

                   • Supports AI skilling, reskilling, and literacy

                   • Prepares nations for an AI-driven economy

               g) Guiding Principles on Resilient & Efficient AI

                   • Focus on energy-efficient AI systems

                   • Supported by a Playbook on AI Infrastructure Resilience

               Focus on Economic Growth and Efficiency

               The Declaration highlights:

                   • The role of AI in driving economic transformation

                   • Importance of open-source and accessible AI ecosystems

                   • Need for energy-efficient AI infrastructure

                   • Expanding AI’s role in science, governance, and public service delivery
               Strengthening Global Cooperation

               Participants reaffirmed their commitment to:

                   • Advancing shared global priorities in AI governance

                   • Promoting voluntary, non-binding frameworks

                   • Translating vision into action through continued collaboration

               The Summit is expected to catalyse long-term international partnerships and position AI as a key driver of
               economic growth.

               7. India needs $14.23 trillion investment by 2070 to achieve 98% clean power: NITI report

               India requires cumulative investments of $ 14.23 trillion in the power sector, including renewables,
               storage, and transmission, by 2070 under a net zero scenario, where non-fossil fuel-based generation will
               be 98 per cent, according to the NITI Aayog report.

               The report stated that India's development and climate goals increasingly hinge on one system: electricity.
               As India moves toward Viksit Bharat 2047 and Net Zero 2070, the power sector's growth will determine
               whether growth can be both inclusive and sustainable.

               Reliable, affordable, and progressively cleaner electricity is essential to improve living standards, raise
               productivity, and unlock a low carbon transition across transport, buildings, and industry, it stated. With
               nearly 258 GW of renewable energy capacity installed by December 2025, India has emerged as the
               world's fourth-largest renewable energy market, reflecting the scale and momentum of its clean energy

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