India’s fossil fuel paradox?

India has a “contradictory” energy policy as it pledges to move towards a greener economy but is importing oil.

That’s the view of Dr Senthilarasu Sundaram, Renewable Energy Lecturer at Exeter University who told ELN while the nation may be trying to build up the infrastructure needed for the low carbon transition, he “hasn’t seen anything in the documents”.

He added the statistics suggest India is looking to buy “more and more oil” following the news it received the first imports from the US last week.

However, Mrs Sundaram said energy production in India is not coping with demand so the nation needs other sources such as oil.

Speaking during ELN’s Short Fuse show, he added: “If you see the bitumen and diesel prices in India, it’s not going down, it’s increasing day by day. Even though the barrel price is very low in the world market, in India the oil prices are going up.

“That means they’re cutting down some of the subsidies they are giving to oil-based fuels and trying to get more into the renewable based system… maybe going towards clean India in 2040 or 2050 so they’re trying to lay down the stones slowly.”

October 16, 2017

Priyanka Shrestha

This article was originally published on Energy Live News. Read the original article.