India is committed to decarbonising its economy as a responsible global citizen, though the country\u2019s priorities are different from the developed world, Union Petroleum and Natural Gas Minister Dharmendra Pradhan has said. Observing that India\u2019s energy demand is all set to increase in the coming years, he told a US think-tank that the future of the growth of energy demand will come from India.<\/p>\n
The incremental requirement of India\u2019s energy will come from renewable energy, he said and referred to the recent announcement of Prime Minister Narendra Modi that by 2030, India\u2019s energy basket would have 40 per cent of its needs from the renewable sector. <\/p>\n
\u201cWe are an emerging economy. Our priority, our strategy is different from the other part of the global developed economic group,\u201d Pradhan said in his address to the Center for Strategic and International Studies (CSIS) think-tank on Wednesday. <\/p>\n
He asserted that India is committed to decarbonise our economy as the responsible global citizen. <\/p>\n
A decarbonised economy is based on low-carbon power sources that therefore has a minimal output of greenhouse gas (GHG) emissions into the atmosphere. In addition to traditional sectors, India is also looking at future sources of energy. Identifying hydrogen as a priority area for India, he spoke about the hydrogen mission; US interest and investment in affordability of hydrogen for mass utilisation and India\u2019s early efforts at CNG (compressed natural gas) blending with Hydrogen in Delhi in the transportation sector. <\/p>\n
India has a policy-driven model and would work with the United States in the area. Pradhan also highlighted India\u2019s market-driven reforms in energy pricing and distribution. \u201cWe will embrace new energy technology\u2026 Gradually we will phase out our existing energy consumption pattern. We will transit towards a greener and cleaner path. But looking into our affordability challenges, looking into more price sensitivity in our domestic economy, we are using gas as a bridge fuel,\u201d he said. <\/p>\n
Oil and coal, he said, will continue to be in India\u2019s energy basket for a period. \u201cBut gradually we are making them more cleaner\u2026and we will go up to hydrogen energy. This is our roadmap,\u201d Pradhan said on the eve of the virtual climate change summit being convened by US President Joe Biden. <\/p>\n
\u201cWestern world..has lots of technology, lots of resources, and we have a market. If we can synergise in R&D and the new technology in digitalisation, you will get a market for your technology and financial investment would be safer in a policy-driven market in India,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"
India is committed to decarbonising its economy as a responsible global citizen, though the country\u2019s priorities are different from the developed world, Union Petroleum and Natural Gas Minister Dharmendra Pradhan has said. Observing that India\u2019s energy demand is all set to increase in the coming years, he told a US think-tank that the future of the growth of energy demand will come from India. The incremental requirement of India\u2019s energy will come from renewable energy, he said and referred to the recent announcement of Prime Minister Narendra Modi that by 2030, India\u2019s energy basket would have 40 per cent of […]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[132],"tags":[],"class_list":["post-411569","post","type-post","status-publish","format-standard","hentry","category-power"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/411569","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=411569"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/411569\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=411569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=411569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=411569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}