Breaking News

You are here » 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

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.

Related News

View all news

Number of people filing tax returns may double during 5 years of present government: Jaitley

Finance Minister Arun Jaitley has said that the number of people filing tax returns in India is likely to double to 7.6 crore during 5 years of present government due to initiatives like rationalisation......

Cabinet may soon approve proposed new industrial policy: Prabhu

Commerce and Industry Minister Suresh Prabhu has said the Union Cabinet may soon approve the new industrial policy that aims at promoting manufacturing, attracting investments and creating jobs. He also......

India's manufacturing sector outlook to remain positive for Q2FY19: FICCI

With higher production in manufacturing, Federation of Indian Chambers of Commerce and Industry (FICCI) in its latest quarterly survey has stated that the outlook for India's manufacturing sector is positive......

Top News

View all news

Ashiana Housing wins two awards

Ashiana Housing has won two awards. Realty Plus Awards 2018 has felicitated 'Ashiana Umang' as 'Best Themed Project' and the company's website as the 'Best Real Estate Website of the year'.Ashiana Umang......

Tata Power inaugurates second 'All-women' CRC in Mumbai

Tata Power has inaugurated its second 'All Women' Customer Relations Centre (CRC) in Borivali (East), Mumbai, with an aim to continue providing their talented and highly skilled women employees with new......

McLeod Russel hands over specified assets of eight Tea Estates to M K Shah Exports

McLeod Russel India has handed over the specified assets of the eight Tea Estates of the company to M K Shah Exports.Post completion of due diligence by M K Shah Exports (Buyer) and on compliance of the......