During the COP31-International Energy Agency High-Level Energy Transition Dialogue, Simon Stiell, the UN Climate Chief, highlighted the role of renewable energy in enhancing energy security for countries like India, China, and Germany. Stiell noted that the ongoing fossil fuel crisis is inadvertently accelerating the renewable energy boom, with clean energy investments projected to be double those of fossil fuels. India ranks third globally in renewable energy capacity, with 250.52 GW installed, following China and the US. However, India faces significant barriers, including a lack of adequate climate finance, which is crucial for achieving its ambitious renewable energy targets. Currently, India's clean energy subsidies account for only 10% of total energy subsidies, indicating a need for increased financial support. The country aims to deliver the New Collective Quantified Goal (NCQG) for climate finance to facilitate its transition to clean energy. Experts suggest that targeted investments in decentralized renewable solutions can bolster India's energy security and mitigate economic risks in the long term.