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"When it comes to energy, the relationship between economic growth and energy is very important. Because we are now close to a 4 trillion dollar economy, but the fact is, we need to take care of a very large part of our population," Puri said.
An RBI report states that the real challenge for India will be in arranging new investment, estimated to be in the range of $7.2 trillion (baseline scenario) to $12.1 trillion (accelerated scenario) till 2050
Indian oil companies are aiming to achieve net zero carbon emissions by 2046 as they transition to cleaner fuels, according to Oil Minister Hardeep Singh Puri. While India has pledged to reach net zero by 2070, state-owned companies such as ONGC and IOC have set targets ranging from 2038 to 2046.
Seci: "We keep saying that we must reduce dependence on imports from China but what are we doing about it? China, today, is doing things at scale. It is innovating and that is why it is a leader," he said.
India aims to generate 22 GW of power through nuclear energy to achieve Net Zero emissions, according to the Atomic Energy Commission Chairman. Nuclear Power Corporation of India Limited (NPCIL) has been setting records in extended continuous power plant operations and maintaining excellent safety records.