Energy Transition Committee

India, the world's third largest oil consumer, on Tuesday said it is committed to energy transition but surviving the present and cushioning the vulnerable from price volatilities is essential before moving to clean and green energy. India has committed to net zero carbon emission by 2070 and has repeatedly emphasised that 'dirty' fuels like oil and coal, on which the economy is two-thirds dependent, will have to continue to be in use in the foreseeable future. An immediate shift from low-priced coal and oil to expensive fuels of the future such as hydrogen will entail huge costs in a nation with low per capita income. "Unless we survive the present, we will not be able to go into the world of clean and green energy," Oil Minister Hardeep Singh Puri said at India Energy Week here. "While affordable traditional energy resources are essential for meeting the base load requirements, new sources of energy which are cleaner, sustainable, and innovative, are critical for combating the ..

Policy on carbon capture likely in next 3 months

The second pillar of climate financing, JETP is oriented towards investability in the electricity sector

The focus of a majority remains on distributing free and subsidised coal-based power

The lack of market reform in electricity pricing has limited states' ability to expand capital expenditure on the critical transition to clean energy

The report said the impact of achieving a zero-carbon-emission economy on human welfare in 2050 will be hugely positive

ETC is a diverse international group that has members across the energy landscape