Strategic Conference
The Strategic Conference will convene Ministers, CEOs, and policy makers from the integrated energy value chain to share insights on the latest trends impacting the global energy markets and the pathway to net-zero.
Convening ministers, CEO and decision makers, from over 100 countries, India Energy Week 2024 will be truly a global gathering of minds where key priorities are set, bold announcements are made, and new partnerships are forged.
Asia has become the world's largest and fastest growing energy demand centre. Propelled by rapid economic progress, Asian countries are shaping new supply chains, corridors, and pathways for secure and sustainable energy future.
Current trends are prompting governments to pay closer attention to the resilience and diversity of clean energy supply chains. Tight energy markets have triggered a reassessment of energy policies and priorities, resulting in profoundly recalibrated global energy trade. Sustainability of previously well-established flows of oil and gas is being increasingly questioned.
In this scenario, India remains a bright spot on the global economic horizon, as the third largest energy consumer globally, consuming 5mb/d of oil which is expected to further increase by around 6.3 mb/d by 2045. With strong economic foundations, a young aspirational population, and an investment friendly environment, India has emerged as the demand and investment friendly destination of the world.
The government is adopting multiple pathways to achieve its bold commitment to become net-zero by 2070 and India’s growth has the potential to catalyse global economic resurgence.
Recent policy reforms have aided in amplifying exploration and production of hydrocarbons in India to reduce reliance on imports and meet growing demand. Substantial investments are also being made to diversify the energy mix for the country to meet its COP26 & 27 commitments. India’s biofuels adoption is a success story; as are strides towards renewable energy including hydrogen.
As a major global energy consumer, secure and affordable access to energy is imperative for India. India's energy security policy has evolved to become more inclusive, taking into account political, economic, social, and environmental issues and concerns, driving solutions that will power the remotest corners of the country’s geography.
The adoption of renewable energy, hydrogen and biofuels are fast tracking India’s net-zero objectives, with some regions already reaching zero carbon emissions. India’s distinct energy model presents a potentially trailblazing path for developing economies around the world.
Energy transition requires a sustained level of accelerated innovation across all elements of the energy value chain. The global nature of challenges facing the industry means global solutions are required, highlighting the need for greater collaboration and knowledge sharing.
Partnerships are critical for the industry in meeting its net-zero pledges and fostering innovation and growth. As new policies and regulations accelerate the ease of doing business in the country, unparalleled opportunities arise for international players along with the potential for tremendous growth.
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