EU's threat to sanction India for exporting petroleum products to its member-nations based on cheap Russian crude will not be an existential risk
With demand soaring on the back of faster economic growth, the country's transport ecosystem will find it tough to transition from fuel anytime soon
Target that we have set is 60 gigawatts (Gw) of renewables by 2032. The broader objective is that our renewables should be as large as or close to our coal-based portfolio by 2032 - Bhargava
Like tobacco major, the state-owned power generator and fuel retailer are seeking to transition from toxic fossil fuel businesses to green energy but rely on those margins to grow these new ventures
"The broader objective is that our renewables portfolio should be as large or as close to our coal-based portfolio by 2050," said NTPC Green Energy CEO Mohit Bhargava
US supplies were one the biggest casualties of Russian inroads into India's crude oil market
India's latest tendering target is a case of ambition overtaking the policy environment for doing business
Russian oil now trades above the G-7 price cap, leaving India searching for creative solutions to fill the breach
Motorists have taken comfort in frozen pump prices and gas price caps but producers face high taxes, and restrictions on pricing freedom
The risks to Indo-Russian oil trade escalate when Urals crude starts trading above the cap imposed by the European Union
Oil supplies from Russia surged after the G7's stringent sanctions, relegating traditional suppliers Iraq and Saudi Arabia to second and third place
Frequent changes in rules governing domestic equipment use in projects is slowing capacity addition
When the suggestion was made, crude was at a huge discount to gas; but now, with the unpredictable course of fossil fuel prices playing spoilsport, govt may be forced to do a rethink
In short, India's energy security and the
Record summer heat has sent electricity demand soaring. Despite the focus on renewables, thermal power will meet additional demand, sending sustainability targets for a toss
The idea of floating the bond, which was oversubscribed 5 times on day-1 of launch, germinated five years back. The primary aim then was neither climate change nor an urge to save the environment
Supplies from Russia come at a substantial discount to global prices, but Indian pump prices have remained unchanged for nearly ten months
US shipments to India fell 58% from last year
Western reluctance to spend on climate action and India's inability to accelerate renewables to power faster economic growth are major hurdles to the net zero target
Carbon capture utilisation technology can play a crucial role in reducing CO2 emissions, provided the government shapes a workable regulatory framework first