Renewables: India's magic pill for energy demand?
India may not meet all its ambitious clean energy targets, but renewables will play a vital role, alongside hydrocarbons, to help meet the country's burgeoning electricity consumption
In the coming decades, India will contribute more than any other country to the rise in global energy demand. In the International Energy Agency's New Policies Scenario (NPS), total primary energy demand in India will almost triple in the next quarter century, rising from 0.775bn tonnes of oil equivalent (toe) in 2013 to 1.908bn toe in 2040. The NPS forecasts that India's crude oil demand will reach 10m barrels a day by 2040, up from 4.5m b/d last year. Its gas demand will also triple by 2040, reaching 175bn cubic meters, though still only taking up 8% of the overall energy mix. But it's not just fossil fuels which will meet the country's soaring demand for power. India will also be the worl
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