HTLS 2021: India’s energy growth from scarcity to justice to security | Latest India News

Institutions created by human beings necessarily reflect the preoccupation with their time. Like other epoch times that led to tectonic shifts in the geopolitical landscape, we will now look back at the world as “pre-Covid” and “post-Covid”. The COP26 summit in Glasgow confirmed what many predicted in 2020 – the Covid-19 pandemic would completely change world affairs.

India is in a unique position to define the contours of the 21st century global economy rather than simply participating in it. India’s determined and proactive interventions against Covid-19 as well as our leadership at the COP26 summit has shown the world that we are ready to anchor sustainability globally. Our Prime Minister’s Panchamrit Action Plan – India’s ambitious commitment to achieve net zero carbon emissions by 2070 – only reaffirms India’s progress in the emerging world order.

For years, climate geopolitics has been based on the approach that developed economies should shoulder the lion’s share of climate crisis mitigation, as they are primarily responsible for current levels of emissions. It was considered impractical to impose the same burden on developing economies. India has fundamentally reshaped this understanding of climate commitments – we have shifted the global balance of power by showing that developing countries can lead the way in promising global climate goals while successfully meeting their socio-economic goals.

This transition from a developing country adherent to a leading world power lasted seven years under Modi’s leadership. The pandemic tipped the scales as the world searched for a “China +1” alternative amid supply shortages in global economic value chains. India has united under a “whole-of-government” approach by rolling out historic reforms under the Atmanirbhar Bharat vision. We have broken down silos, streamlined governance and leveraged India’s innate cooperative federalism to promote greater synergies in achieving our development goals in a sustainable manner.

Nowhere is this more true than in energy economics. Despite the fact that our per capita energy demand has increased by over 60% over the past two decades, India’s energy consumption and emissions are less than a third of the world average.

India will soon become the most populous country in the world. We will need additional energy production capacity equivalent to that of the European Union to meet our energy needs over the next three decades, especially for our growing urban footprint.

India is well positioned to maximize its energy production from all available resources. We have already made concrete progress. While the oil and gas sector, led by many central public sector enterprises (CPSEs), continues to meet most of India’s energy needs, it is also spearheading our shift to non-fuel. fossils. We will double the share of natural gas – much less polluting than other fossil fuels – in our energy mix with an investment of $ 60 billion by 2024.

PM Ujjwala Yojana (PMUY) is a global case study for not only energy justice but also access to clean energy. Over 91 million beneficiaries have received LPG connections as part of PMUY and its second iteration, PM Ujjwala Yojana 2.0. The carbon footprint of LPG is 50% less than that of firewood, which significantly reduces our emissions.

On our 75th anniversary of independence, the Prime Minister secured India’s future energy needs by announcing the National Hydrogen Mission for the production of green hydrogen. Petroleum Marketing Company (OMC) refineries are creating an ecosystem for green hydrogen production on a “1-1-1” cost trajectory of $ 1 per 1 kg of hydrogen in 1 decade.

Despite the outbreak of the pandemic, India adopted BS-VI emissions standards, which are equivalent to Euro-VI standards from April 1, 2020. We have increased the blending of ethanol in gasoline from 0.67% in 2012 to 8.5% in 2021, and increase it further to 20% by 2024-25. We know that biodiesel produces up to 78% less emissions than diesel, while blending with ethanol can reduce emissions by up to 48% compared to gasoline. Thanks to our aggressive biofuels policy, we have been able to reduce our emissions by over 19.2 million tonnes over the past seven years.

Savings from reducing crude oil imports from this biofuel substitution are used to subsidize and finance other renewable energy interventions, such as adoption and manufacturing policy incentives. fastest (hybrid and) electric vehicles in India (FAME); electrification of Indian railways; development of subway rails in Indian cities of level 2; and the establishment of 5,000 compressed biogas (CBG) plants under the Sustainable Alternative Towards Affordable Transportation (SATAT) program. Earlier this month, the WTO pledged to install 22,000 electric vehicle (EV) charging stations at their outlets (gas pumps) across the country.

In the years to come, a new chapter in the history of global energy value chains will be written. Our nation, which has moved from energy scarcity to energy justice and now aims for energy security, will lead global climate efforts in the New World Order.

Hardeep Singh Puri is Union Minister for Oil and Natural Gas and Housing and Urban Affairs

Opinions expressed are personal

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Estelle D. Eden