The government has stepped up engagement with global energy giants, with PM Narendra Modi scheduled to interact with top CEOs and ministers at CERA Week, a flagship event, which starts on Monday.
Petroleum minister Dharmendra Pradhan tells TOI that the government has successfully used the energy space to address consumer needs, while turning it into a diplomatic and trade tool. He also said India has stuck to its commitments on climate change, despite not being a pollutant. Excerpts:
CERA Week starts next week, what is the expectation?
It will give us an opportunity to interact with the global players. Prime Minister will meet CEOs of large energy companies, such as Rosneft chairman Igor Sechin, BP’s Bernard Looney and Total’s Patrick Pouyanne, apart from US energy secretary and Saudi energy minister. Since 2014, when Narendra Modi took office, energy has been a key thrust area.
He spoke of de-carbonisation at the Paris Summit and sought to bring energy justice through the five pillars of affordability, accessibility, efficiency, sustainability, and energy security. We have taken several initiatives towards these objectives. There are two extreme narratives globally, one anti-fossil fuel and the other is to stick to the path despite whatever happens. India has sought to develop a new path.
Clean energy will be used to meet India’s incremental energy requirement, which will be a substantial part of the global demand.