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India Set to Beat the COP21 Clean Energy Deadline

Monday, 2nd November 2020

  

India has set a self-imposed challenge of raising 450 gigawatts of clean energy by 2030; the end mark year for sustainable development goals. This was announced by Prime Minister Modi during a virtual conference at which he down-played the effects of COVID on the energy sector, saying that he foresaw national demand for energy doubling over the long term in India despite the fall in global energy demand caused by the pandemic.

Prime Minister Modi made this upbeat prediction at the annual India Energy Forum held in virtual mode towards the end of October.

The Indian leader maintained his optimistic outlook saying that even as India embraces cleaner and renewable sources of energy, the country was on course to meet the COP21 deadline of generating renewable resources electricity of 175 gigawatts by 2022.

Narendra Modi emphasized that the energy mix of the country will be maintained such that oil will witness increased production; rising from current levels of production to the refining capacity of 450 million tonnes per year in the next five years. A strong energy sector, he said, which is robust enough to absorb all the demands placed on it by both Indian and foreign firms wishing to invest in the country, is crucial to the Indian government push for self-reliant post-COVID economic growth.

A globally renowned supporter of clean energy, including solar energy , Modi delivered his virtual address to a wide range of energy giants who attended the video conference jointly organised by the Indian Ministry of Petroleum and Natural Gas; and the Indian government planning authority, NITI Aayog. This was the fifth event of what has become an annual meeting of energy giants organised by India on clean energy sources as well as on its traditional sources of oil and gas. Among key international participants were top political and corporate leaders from Saudi Arabia, United States of America, France and Russia.  Best practises, reforms, and strategies for accelerating investments in national oil and gas value chains formed the core of discussions at the virtual meeting.  

 

 


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