{"id":570548,"date":"2023-04-19T11:22:52","date_gmt":"2023-04-19T05:52:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=570548"},"modified":"2023-04-19T11:22:52","modified_gmt":"2023-04-19T05:52:52","slug":"purely-market-driven-approach-not-best-for-energy-security-bps-spencer-dale","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/purely-market-driven-approach-not-best-for-energy-security-bps-spencer-dale\/","title":{"rendered":"Purely market driven approach not best for energy security: BP\u2019s Spencer Dale"},"content":{"rendered":"<p>NEW DELHI: A purely market driven approach is not the best way to achieve energy security and government intervention has a role in ensuring larger public good, according to Spencer Dale, chief economist at the global energy major BP.<\/p>\n<p>\u201cWhat we know from economics is (that) pure markets, free markets don&#8217;t generate the optimal level of public good like energy security,\u201d Dale said in response to a TOI question whether India needs more market freedom to speed up its journey towards energy independence.<\/p>\n<p>Dale\u2019s statement can be seen as an endorsement of the Centre\u2019s policy of calibrating prices and market access, either directly in case of natural gas or indirectly through large state-run entities in case of motor fuels. Analysts have described such measures as dampeners for foreign investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: A purely market driven approach is not the best way to achieve energy security and government intervention has a role in ensuring larger public good, according to Spencer Dale, chief economist at the global energy major BP. \u201cWhat we know from economics is (that) pure markets, free markets don&#8217;t generate the optimal level of public good like energy security,\u201d Dale said in response to a TOI question whether India needs more market freedom to speed up its journey towards energy independence. Dale\u2019s statement can be seen as an endorsement of the Centre\u2019s policy of calibrating prices and market [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,246,137],"tags":[],"class_list":["post-570548","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/570548","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=570548"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/570548\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=570548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=570548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=570548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}