<h1>Senior economic adviser warns India's energy transition risks legal and fiscal trade-offs affecting revenues, stranded assets, and development equity</h1> A senior government economic adviser warned that India's pursuit of energy transition and climate goals raises legal and fiscal trade-offs affecting development, taxation and financial stability: phasing out fossil fuels could erode excise and cess revenues, retiring thermal plants may create stranded assets and bank undercapitalisation, and prioritising mitigation over pre-existing development obligations (SDGs) could be challenged as inequitable. The adviser urged bilateral and multilateral legal frameworks for finance, technology transfer and intellectual-property treatment as global public goods, supported regulatory reforms to enable private and foreign participation in nuclear energy, and recommended prioritising adaptation, infrastructure and regulatory measures for sustainable growth.