The overwhelming presence of oil and gas industry stakeholders at Monday’s meeting has raised questions from climate analysts
More than 500 energy industry heavyweights and 30,000 participants will descend on the southern Indian city of Bengaluru on Monday to discuss the future of renewables and fossil fuels at India Energy Week — the first big ticket event of the country’s presidency of the Group of 20 leading economies.
But Puri added that “India’s clean energy targets needs to be weighed against the country’s growing economy and rising energy requirements.” The country is set to become the world’s most populous nation this year. “Gas expansion, which at least in India’s context does not make too much sense, needs looking into,” said Aarti Khosla of New Delhi-based climate think-tank, Climate Trends. “While India energy week talks about the role of gas as a bridge fuel for energy security, it is proven that there are risks … banks are not lending too much to gas and global sentiment of investors is shifting slowly away from gas as well.
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