Dubai, November 17, 2017 : .Hardeep Singh Puri the Union Minister for Petroleum and Natural Gas stated Wednesday that India’s transition from a petroleum-based economy to one based on renewable energy is proceeding on track. Interacting with the media at Expo 2020 Dubai’s India Pavilion, the minister said: “What is happening (right now) in India is truly remarkable.The minister spoke to the media during Expo 2020 Dubai’s India Pavilion and said that “What’s happening in India right now is really remarkable.” In the coming decades, the transition from a fossil-fuel based economy to a green economy will come from within the existing structure, and the oil companies will facilitate that.”.The transition from a fossil fuel-based economy to one based on green energy will be made within the current structure.This will be done through the support of the oil companies.
This comes just days after the COP26 climate summit, where India pledged to cut emissions to net zero by 2070, reduce carbon emissions by one billion tonnes by 2030, and raise the share of renewables in the energy mix to 50 per cent, among others, before staging a last-minute climbdown opposing a commitment to “phase out” coal.It comes days after India’s COP26 climate summit where it pledged to reduce emissions to net zero by 2070 and carbon emissions by 1 billion tonnes by 2030.
Then, India made a final push to oppose a “phase-out” of coal.
Yet the minister held that India is moving ahead with its plans on bio-fuel and green energy, stating that when Narendra Modi became the Prime Minister in 2014, “only 1 per cent or less of ethanol blending was taking place”.
The minister maintained that India was moving forward with its plans for bio-fuel, noting that India’s Prime Minister Narendra Modi in 2014 had “only 1% or less ethanol blending”.
“Today, we are already at 8.5 per cent and I am sure that the 2030 target for 20 per cent ethanol blending, which we have now brought forward to 2025, would lead to 20 per cent blended fuel being available at the pumps, I think from January 2023,” Puri said on the sidelines of inaugurating the Ministry of Petroleum and Natural Gas section at the India Pavilion.Puri stated that we were already at 8.5% and that we can reach the 2030 goal for 20% ethanol blending which has been pushed forward to 2025.This would result in 20 percent blended fuel becoming available at the pumps starting January 2023.
Puri spoke on the sidelines of inaugurating India Pavilion’s Ministry of Petroleum and Natural Gas Section.
During his address, he also invited the Gulf Cooperation Council (GCC) countries and others to invest and participate in India’s journey of transition to a green economy.
He also encouraged the Gulf Cooperation Council countries (GCC), to participate and invest in India’s transition to a sustainable economy.
“If there is opportunity in the world, it is in India.
India is the best place to find opportunity.We are extending an open invitation to everyone operating in the oil and gas sector to come to India.
All those involved in oil and gas are invited to India.The transition from fossil-fuel to green energy has to be organised in a way that it is a win-win for all,” the former Minister of State for Civil Aviation said while emphasising that India’s strategic relationship with the UAE is very important.”The transition from fossil fuel to renewable energy must be organized in such a manner that everyone benefits,” said the ex-Minister of State for Civil Aviation, while highlighting the importance of India’s strategic partnership with the UAE.
“The real growth will now come from India,” he said.He stated, “The true growth will now be from India.”
Puri also gave a thumbs to Expo 2020 Dubai, calling it a “huge opportunity” to strengthen India-UAE relationship.Puri gave Expo 2020 Dubai a thumbs up, calling it an “huge chance” to improve India-UAE relations.
“This Expo is taking place at a very interesting time, when India is celebrating 75 years as an Independent country.
This Expo takes place during a time when India celebrates 75 years of independence.And very soon, the UAE, which is a close friend and a strategic partner, will also celebrate the 50th year of its foundation,” said Puri, who earlier took time out of his schedule to visit the construction site of the BAPS Hindu Mandir in Abu Dhabi, UAE’s first traditional Hindu temple, where he also participated in a ceremony to lay a brick over the foundation.
Puri said that the UAE is an important friend and strategic partner.He also visited the Abu Dhabi construction site for the BAPS Hindu Mandir, UAE’s original traditional Hindu temple.
Earlier on Tuesday, the minister had visited the Sheikh Zayed Grand Mosque.On Tuesday the minister visited Sheikh Zayed’s Grand Mosque.
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