Business Standard

The need for hydrocarbon focus

India's green transition must go hand in hand with enhancing private investment in oil and gas exploration

crude oil
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Prosenjit Datta
Countries across the world have realised that the transition from dirty fuels to clean energy is not a neat, linear path but a bumpy journey with plenty of rough patches and sudden diversions. While they invest heavily in new, clean energy capacities, their dependence on older, “dirty” fuels is not going to go away anytime soon.

This is particularly true for India. It is the fastest-growing big economy but it has a long way to go before it can be considered a developed (or more accurately, a high-income country), and its energy needs are growing exponentially. Over the
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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