(The Gist of PIB) PM delivers inaugural address at 4th India Energy Forum

(THE GIST OF PIB) PM delivers inaugural address at 4th India Energy Forum

[November-2020]

PM delivers inaugural address at 4th India Energy Forum

• PM delivered inaugural address at 4th India Energy Forum CERAWeek through video conference. The theme of this edition is “India's Energy Future in a world of Change”.
• India Energy Forum established in 2001, represents energy sector as a whole and brings government institutions, policy makers, and multi-national agencies to identify and resolve problems, which impede the development of projects in India.

Key highlights of speech:

• PM said India's Energy Plan aims to ensure energy justice (more energy for Indians) while fully following India's global commitments (smaller carbon foot-print) for sustainable growth. 
• India aims to raise its crude oil refining capacity from about 250 to 400 Million Metric tonnes per annum by 2025.

PM listed seven key drivers of India's Energy Map:

• Accelerating efforts towards a gas-based economy;
• Cleaner use of fossil fuels, particularly petroleum and coal;
• Greater reliance on domestic sources to drive biofuel;
• Achieving the renewable energy target of 450 GW by 2030;
• Increasing the contribution of electricity to decarbonise mobility;
• Moving into emerging fuels, including hydrogen;
• Digital innovation across all energy systems.

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Courtesy: PIB