India may need to spend 11% of GDP to meet NetZero Goals: McKinsey

India may need to invest about 11% of Gross Domestic Product (GDP) over the next three decades as the world makes the transition to the goal of net- zero emissions by 2050, compared to the global average of about 7.5 per cent of GDP, according to consulting firm McKinsey. In a study released on Tuesday,

Hydrogen projects in focus in Asia-Pacific

India’s Reliance Industries Ltd. has signed a memorandum of understanding with the Gujarat state government to invest Rupee 5 trillion ($67.71 billion) into renewable energy and renewable hydrogen assets, the company said Jan. 13. RIL would invest an additional Rupee 600 billion in component manufacturing for solar PV modules, including polysilicon, wafer, cell and module

India & Denmark agree to work together on green fuels

India & Denmark agreed to initiate joint research and development on green fuels including green hydrogen, during the Joint S&T Committee meeting in January 2022. The Joint Committee discussed national strategic priorities and developments in Science, Technology, and Innovation of both countries with a special focus on green solutions of the future – strategy for

India’s affinity for US shale plays fading slowly but surely

The move by state-run explorer Oil India Ltd to exit the US shale business months after Reliance Industries divested all its US shale assets signals the intent of India’s oil companies to reduce their overseas footprint and focus at home where the energy landscape is expected to change at breakneck speed, analysts told S&P Global

How India can gradually shift to renewable energy

Unprecedented changes in the weather pattern due to human induced climate change have become a primary focus for policy makers and businesses around the world. Remaining below 1.5°C has become the No 1 target for everyone on this planet. Induced by these factors, the manufacturing world is also undergoing a significant shift. Generally, heavy industry

Hydrogen demand set to ‘take off’ in mid-2030s

Hydrogen will account for 12% of global energy use by 2050, with demand set to “take off” in the mid-2030s, the International Renewable Energy Agency said in a report on January 15. At least 30% of hydrogen production could be traded across borders by 2050, a higher share than natural gas today, with over 30

Why India’s policy to produce ethanol-blended petrol is short-sighted

The ambitious policy to promote ethanol-blended petrol will be bad for India’s food and water security. Because, in a world moving towards electric vehicles (EVs), batteries and hydrogen, ethanol is less suited for India amid scarce land and water. We may end up compromising food security in the longer term. In this context, this article

India’s 2021 oil product exports rise on robust cracks

India’s oil product exports edged up on the year in 2021, even as domestic demand rose, with product cracks widening on the back of an economic recovery in the Asia-Pacific region.Preliminary data from Vortexa show product shipments of 1.4mn b/d last year, compared with 1.3mn b/d in 2020. Exports were 1.6mn b/d in December, up

Panel formed to prepare energy transition roadmap for India

The government is planning to draw up an energy transition roadmap for the oil and gas sector that could prove to be a key step on India’s path to net-zero emissions by 2070. The oil ministry has set up the Energy Transition Advisory Committee headed by former petroleum secretary Tarun Kapoor, who demitted office in

India sets sights on record green bond issuance entering 2022

India’s green bond issuance is set to reach a new record in 2022, following an exceptionally strong 2021. Corporate and bank issuers in India are likely to tap the climate-related debt market more actively as the world’s third-largest emitter of carbon dioxide will need as much as $10 trillion to be carbon-neutral by 2070, experts