India’s Energy Source Shifting Agility Will Define Its Transition, Says Oil Minister
At Gastech 2024, India’s Petroleum Minister Hardeep Singh Puri emphasized India’s pragmatic energy transition approach. While committed to decarbonization, India must balance economic growth for its 1.4 billion people by continuing fossil fuel use. Puri stressed the need for investment in traditional energy alongside green transition efforts, highlighting India’s commitment to meeting Paris climate goals.
In the energy transition era, India’s quest is to be agile in source shifting so that it can balance the needs of its burgeoning economy and a population of 1.4 billion people alongside its decarbonization efforts, according to the country’s Minister of Petroleum and Natural Gas Hardeep Singh Puri.
In a fireside chat with your correspondent at Gastech 2024 – one of the global energy industry’s largest events – being held from September 17 to 20, in Houston Texas, Puri said: “India is committed to the green transition. But we are also realistic people who believe that in order to make that transition – we need to survive, elevate living standards and further our economy to take us to the next stage of progression. During this time fossil fuels will continue to be used.”
And the minister added: “Energy is the lifeline of any economy and not just India. So you have to be cautious in your approach and not stifle investment in traditional energy.
“But we are today facing a collective climate crisis and more needs to be done by individual nations as well as at a multilateral level. for its part, India is a country that has met its Paris climate commitments.”
His country’s approach, according to Puri, is all about pragmatism and furthering its agility when it comes to utilizing the various sources of energy.
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