Empowering India's Energy Transition: Insights from India Energy Week 2024
Key Ideas
- Industry leaders emphasized the necessity of strategic financial backing for the energy transition, focusing on sustainability and affordability.
- GAIL's investment in India's largest green hydrogen plant highlights a commitment to making hydrogen more widely accepted in the market.
- Financial institutions like Standard Chartered have invested over USD 20 billion in the energy sector, with a growing focus on sustainability.
- There is recognition of the potential of natural gas in India's energy future, aiming to increase its share to 15% by 2030, particularly in the power sector.
The India Energy Week 2024 in New Delhi featured a panel discussion on making the energy transition bankable, with a focus on financing sustainable energy projects. Industry leaders highlighted the risks and challenges associated with investing in energy, emphasizing the need for affordability and technological advancements. GAIL's investment in a green hydrogen plant and the role of financial institutions like Standard Chartered in supporting sustainability projects were discussed. The panel also deliberated on the role of natural gas in India's energy roadmap, aiming to increase its share to 15% by 2030, especially in the power sector. Collaborative efforts between industry, financial institutions, and policymakers were deemed essential for India's transition to a greener and more sustainable energy ecosystem.
Topics
India
Sustainability
Energy Transition
Energy Sector
Natural Gas
Regulatory Support
Financial Investments
Oil And Gas Corporations
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