India’s final energy demand expected to double by 2070, says Deloitte-FICCI report
India’s final energy demand is expected to double to about 1200 Mtoe (Millions tonnes of oil equivalent) by 2070 in a net-zero scenario with aggressive energy efficiency measures, said a report titled India’s energy-transition pathway: A net-zero perspective by FICCI and Deloitte India. It further stated that India will require $15 trillion in investments to achieve its net-zero emissions target by 2070.
The report highlighted three fundamental pillars that collectively anchor India’s energy transition ambitions and are expected to address approximately 90 per cent of the nation’s current emissions. These pillars are grid decarbonisation, industrial decarbonisation, and transport transition, it said.
