India committed to decarbonising economy as a responsible global citizen: Oil minister Pradhan
Observing that India’s energy demand is all set to increase in the coming years, he told a US think-tank that the future of the growth of energy demand will come from India.
The incremental requirement of India’s energy will come from renewable energy, he said and referred to the recent announcement of Prime Minister Narendra Modi that by 2030, India’s energy basket would have 40 per cent of its needs from the renewable sector.
He asserted that India is committed to “decarbonise our economy as the responsible global citizen. Identifying hydrogen as a priority area for India, he spoke about the hydrogen mission; US interest and investment in affordability of hydrogen for mass utilisation and India’s early efforts at CNG (compressed natural gas) blending with Hydrogen in Delhi in the transportation sector.
India has a policy-driven model and would work with the United States in the area. Pradhan also highlighted India’s market-driven reforms in energy pricing and distribution.