AP

India’s G-20 energy meet to balance renewables, fossil fuels

Feb 4, 2023, 9:00 PM | Updated: 9:03 pm

BENGALURU, India (AP) — Over 500 energy industry heavyweights and 30,000 participants will descend on the southern Indian city of Bengaluru on Monday to discuss the future of renewables and fossil fuels at India Energy Week — the first big ticket event of the country’s presidency of the Group of 20 leading economies.

Speakers, including India’s Prime Minister Narendra Modi, Saudi Arabia’s energy minister Prince Abdulaziz bin Salman and the International Energy Agency’s executive director Fatih Birol, will discuss the need to ramp up the transition to clean energy. But the overwhelming presence of oil and gas industry stakeholders has raised questions from climate analysts.

“This event will showcase India as a global powerhouse for energy transition,” said Hardeep Singh Puri, India’s minister for petroleum and natural gas. Puri’s ministry is organizing the event.

But Puri added that “India’s clean energy targets needs to be weighed against the country’s growing economy and rising energy requirements.” The country is set to become the world’s most populous nation this year.

India is currently the third highest emitter of planet-warming gases but has pledged to reach net zero emissions by 2070 and dramatically ramp up its renewable energy capacity.

Ahead of the event, IEA’s Birol praised India’s climate efforts, saying the country “can help drive the global agenda on clean energy transitions and energy security, with its focus on addressing technology gaps, ensuring diversified supply chains, scaling up clean fuels for the future, and mobilizing investment.”

Most of the Indian participants at the event belong to either government-owned or private fossil fuel companies, sparking concerns from climate experts.

“Gas expansion, which at least in India’s context does not make too much sense, needs looking into,” said Aarti Khosla of New Delhi-based climate think-tank, Climate Trends. “While India energy week talks about the role of gas as a bridge fuel for energy security, it is proven that there are risks … banks are not lending too much to gas and global sentiment of investors is shifting slowly away from gas as well.”

But others say it’s important to keep the conversation with fossil fuels interests going as they remain key players in energy.

“A country like India presently needs fossil fuels to keep the lights on,” said Bharath Jairaj, who leads the World Resources Institute India’s energy program. “We can’t just assume some sectors should not or cannot be discussed, not until we find reliable, affordable and secure alternatives.”

Stakeholders from clean energy companies will also be in attendance. Sumant Sinha, the CEO of Renew Power, one of India’s largest renewable energy companies, sees the energy week as a forum to understand various stakeholders’ viewpoints.

“A lot of global energy companies that we can potentially partner with will be there,” said Sinha. “And look, the reality is that even the oil and gas companies are shifting to renewables. Therefore its important for us to engage. It’s always good to see what the rest of the energy ecosystem is thinking about.”

India Energy Week runs Feb. 6-10 and will coincide with the first meeting of the G-20 energy transition working group. The Asian ministerial energy roundtable, where energy ministers from key Asian countries will meet, will also be held as part of the event in Bengaluru.

___

Follow Sibi Arasu on Twitter at https://twitter.com/sibi123.

___

Associated Press climate and environmental coverage receives support from several private foundations. See more about AP’s climate initiative here. The AP is solely responsible for all content.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

Most Americans are sleepy new Gallup poll finds...

Associated Press

Most Americans say they don’t get enough sleep, according to new Gallup poll

A new Gallup poll found that most Americans are sleepy — or, at least, they say they are. Multiple factors play into this.

1 day ago

Near-total abortion ban in Arizona dates back to Civil War era...

Associated Press

Near-total abortion ban dates back to 1864, during the Civil War, before Arizona was a state

The near-total abortion ban resurrected last week by the Arizona Supreme Court dates to 1864, when settlers were encroaching on tribal lands.

1 day ago

Tracy Toulou...

Associated Press

How to tackle crime in Indian Country? Empower tribal justice, ex-Justice Department official says

A recently retired director of the Justice Dept. says the federal government hasn't given tribal justice systems equal recognition.

2 days ago

Speaker of the House Mike Johnson...

Associated Press

House Speaker Mike Johnson says he will push for aid to Israel and Ukraine this week

House Speaker Mike Johnson said Sunday he will try to advance wartime aid for Israel this week, along with funding for Ukraine.

2 days ago

President Joe Biden speaks at a campaign rally Saturday, March 9, 2024, at Pullman Yards in Atlanta...

Associated Press

US shoots down ‘nearly all’ Iran-launched attack drones as Biden vows support for Israel’s defense

Joe Biden cut short a weekend stay at his beach house to meet with his national security team as Iran launched an attack against Israel.

4 days ago

Protesters in Phoenix shout as they join thousands marching around the Arizona state Capitol after ...

Associated Press

Abortion ruling supercharges Arizona to be an especially important swing state

A ruling this week instituting a near-total abortion ban supercharged Arizona's role, turning it into the most critical battleground.

4 days ago

Sponsored Articles

...

COLLINS COMFORT MASTERS

Here are 5 things Arizona residents need to know about their HVAC system

It's warming back up in the Valley, which means it's time to think about your air conditioning system's preparedness for summer.

...

Fiesta Bowl Foundation

The 51st annual Vrbo Fiesta Bowl Parade is excitingly upon us

The 51st annual Vrbo Fiesta Bowl Parade presented by Lerner & Rowe is upon us! The attraction honors Arizona and the history of the game.

...

Collins Comfort Masters

Avoid a potential emergency and get your home’s heating and furnace safety checked

With the weather getting colder throughout the Valley, the best time to make sure your heating is all up to date is now. 

India’s G-20 energy meet to balance renewables, fossil fuels