At a time the world is going through a transition from traditional to clean energy sources, Fatih Birol, executive director, International Energy Agency (IEA), bets big on the role India has to play in future energy landscape. Edited excerpts of his conversation with Shine Jacob:
How do you evaluate the ongoing transition in global energy scenario?
There is a major transformation in the global energy basket. The established role of many countries is changing. We can see three big transformational or structural changes in the global energy landscape today.
This includes a big change in the US’ role, which has been traditionally an importing country, now turning into a major exporter, even exporting natural gas to India. Second, China, which was a coal-based country for years, is adopting a new way of clean energy transition.
The third will be the energy demand growth numbers, where India is taking the lead and becoming the most important nation in terms of energy demand, coming to the centre stage of global energy affairs. Read More
Latest posts by Business-Standard.com (see all)
- India’s Coal Import Rises 15% To 24 MT In May - June 16, 2019
- Moody’s revises outlook on Adani Transmission to stable, affirms Baa3 rating - June 15, 2019
- G-20 energy, environment chiefs meet amid M-E tensions - June 15, 2019