Indian Economy
Third India Energy Forum
- 16 Oct 2019
- 3 min read
Recently, the India Ministerial Dialogue was held at 3rd India Energy Forum by CERAWeek in New Delhi.
- The Indian, as well as regional energy companies, institutions, and governments, participated at the forum held under the patronage of the Ministry of Petroleum and Natural Gas.
Key Points
- As India is experiencing the fastest growth in energy consumption among all large economies, the country will be the key driver of global energy demand in the coming decades.
- To meet the huge demand for energy, India would be implementing a healthy mix of all commercially viable energy sources.
- India plans its course of the energy transition in a responsible manner which would greatly influence global energy transition.
- The shares of renewables in electricity capacity has significantly gone up now to 22% from around 10% in 2014-15.
- The ethanol blending percentage has risen from 0.67% in 2012-13 to now close to 6%.
- Also, more than 95% of households now have access to LPG, making their kitchens smoke-free.
- Three critical transitions to be addressed in the Indian energy sector are:
- Mobility
- Urbanization
- Power generation
- India’s per capita consumption of coal is about 1/10th of that of the United States but still, India aims to use cleaner technology for low- carbon energy future.
- In addition to the above initiatives, India is planning to transform itself into Gas Economy.
- Natural Gas offers an option of a balancing fuel, as it has proven capability to complement renewables.
- The contribution of modern technologies, efficiency in production has been recognized for transforming the landscape towards climate justice, and a sustainable future.
CERAWeek
- CERAWeek by IHS Markit has become the world’s premier energy event.
- In 1983, Cambridge Energy Research Associates (CERA) was founded in Cambridge.
- Each year, CERA clients gathered for a few days in Houston, Texas to attend the executive conference where they gained insight into the energy future while connecting with their peers. Over time, the program was expanded to five days of informative sessions and networking opportunities—and named CERAWeek.
