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Indian-Commodity  :  Economy  :  India emerging as key driving force in global energy trends: IEA

India emerging as key driving force in global energy trends: IEA (07-Dec-2017)

International Energy Agency (IEA), in its World Energy Outlook Report, has stated that India is among bright spots in the global economy and is emerging as a major driving force in global energy trends, with all modern fuels and technologies playing a part. Besides, Tim Gould, Head of Division, World Energy Outlook, IEA has noted that the IEA attaches highest importance to its relations with India and they were very pleased to welcome India into the IEA family earlier this year when it recently joined as an association member.

Tim Gould has indicated that with India, the IEA's growing family now accounts for about 70 percent of the world's total energy consumption, compared with less than 40 percent just two years ago. He also mentioned that showing significant growth, India has provided electricity access to half a billion people since 2000, almost doubling the country's electrification rate. He also noted that the pace has accelerated in the recent years, with an additional 40 million people gaining access every year since 2011.

Further, P K Pujari, former secretary in the Ministry of Power has said that the global energy scenario is highly dynamic and changing rapidly, with new cost-effective technologies. He also stated that these provide an option for addressing the issues of access to energy by millions in a sustainable way. He added that what is required is appropriate and responsive policy-framework by the government concerned.


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