Conscious of energy transition needs but must insulate consumers from price shocks: Puri

India is “actively conscious” of the need to facilitate energy transition to new and renewable energy but it also has to insulate consumers from energy price shocks in the interim, Petroleum Minister Hardeep Singh Puri today said, signaling that India is in favour of a gradual energy transition and not a sudden shift.

Puri emphasised the importance of conventional energy sources–oil, gas, and coal–particularly for the developing world. He said affordable traditional energy sources are essential for meeting base load requirements, while new and innovative energy sources are critical for combating climate change.

“Unless we survive the present, we will not be able to go into the world of clean and green energy.