Economics Times reports that the Competition Commission of India (CCI) is conducting a market study to investigate competition-related concerns in the renewable energy sector across BRICS countries. This study is part of the broader BRICS framework. Additionally, the CCI is exploring competition issues related to Artificial Intelligence (AI).
The renewable energy sector has seen rapid growth in recent years, with nations transitioning from traditional fossil fuels to cleaner alternatives such as solar, wind, and hydroelectric power. However, this transformation brings its own set of challenges, including concerns about market dominance, barriers to entry for new players, and the need for regulatory oversight to ensure fair competition. By analysing these factors, the CCI aims to help optimise market functioning and foster innovation within the sector.
