Obama supports Indian energy needs for growth

Image
Press Trust of India Washington
Last Updated : Feb 23 2016 | 1:02 AM IST
US President Barack Obama today supported India's massive energy needs necessary for its economic growth to address the challenges of poverty, while stressing on the need to pass on clean coal technologies to fight climate change.
"In order to grow the economy, we have got to have energy. In fact, there are countries like India where it is even more desperate," Obama said in his address to the Democratic Governors at the White House.
"They (Indians) do not have electricity," he said, adding that India needs access to energy in order to develop.
"And if we are not giving them options, if the only message we have for them is, 'Stay poor,' the we are not going to solve the problem," Obama said.
Observing that this is not an either/or issue, Obama said: "We have got to grow the economy, which means we have got to produce energy and we've got to deal with climate change.
"The good news is that technology and research and development are accelerating rapidly, and because of the Paris agreement this would be going to accelerate progress even more," he said.
In his speech, Obama stressed the need of passing on the clean coal technologies to countries like India.
"I want India and China to know how to use clean coal, because they're going to be building coal plants anyway. And if we've got technology that can help make sure that it is not emitting huge amounts of carbon, all the better," Obama said.
After coming into office, Obama said his administration has invested in technologies to capture carbon from coal-fired plants.
"The technologies are there, the problem is that they're just really expensive right now. And so given relative prices to natural gas and other options, they haven't been deployed," he said.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 23 2016 | 1:02 AM IST

Next Story