Few countries are as important to the outlook for energy demand and climate change as is India. It uses huge amounts of coal, was projected to be one of the biggest drivers of growth in oil use, and has ambitious targets to grow both the use of renewables and natural gas. So how does the Covid-19 pandemic change that outlook – with weeks of strict lockdown measures by India’s 1.3 billion people cratering transportation activity and other energy use? The skies over normally polluted Indian cities turned clear, and more blue. Now with the economy starting to open up, what are the consequences for energy use, for carbon emissions, and for local air pollution?
In this edition of Columbia Energy Exchange, host Jason Bordoff explores these and other questions with The Honorable Minister Dharmendra Pradhan. Minister Pradhan is India’s Minister of Petroleum and Natural Gas and Minister of Steel. He previously served as the Minister of Skill Development and Entrepreneurship during Prime Minister Modi’s first term. As Minister of Petroleum and Natural Gas, he has guided decision-making around production, supply distribution and pricing of petroleum, as well as India’s overall energy sector development.
A transcript of the conversation is available here.
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As the world races to transition to cleaner energy sources, there exists a substantial gap between the financing required for this transition and the actual investments being made.