The PM also said that signs of convergence between cheaper renewable energy, technologies and digital applications were also becoming evident.
Prime Minister Narendra Modi while addressing the Petrotech Expo said that, globally the perception of energy consumption and supply is changing and nations are coming together to tackle climate change.
“Winds of change are evident in the global energy arena. There is a shift in energy consumption from West to East,” Modi said.
“Energy supply, energy sources, and energy consumption patterns are changing. Perhaps, this could be a historic transition,” he added.
The Prime Minister also said that signs of convergence between cheaper renewable energy, technologies and digital applications were also becoming evident. “This may expedite the achievement of Sustainable Development Goals (SDGs). Nations are coming together to tackle climate change,” he stated.
Talking about energy justice in India which has been given top priority by the government, Modi stated that many policies have been developed and implemented.
“We need to move to responsible pricing, which balances the interests of both the producer and consumer. We also need to move towards transparent and flexible markets for both oil and gas,” the PM added.
Recently, the PM while inaugurating various development projects in Leh and Ladakh during his recent visit, dedicated the 220 kV Srinagar- Alusteng – Drass- Kargil – Leh Transmission System to the Nation.
The transmission line will guarantee quality power supply to Ladakh round the year. Giving a huge boost to the tourism sector and enhancing the socio-economic development of the region, which at last is connected to the national grid.
The Prime Minister devoting time to renewables, climate change and other issues is a clear acknowledgement of the importance renewables have to the present and future of the country’s energy security. For the fossil fuel industry that thronged Petrotech, parts of which would still like to deny this reality, perhaps it was a welcome wake up call to at least ensure that our dependence on fossil fuels, while inescapable, is made as least harmful as possible to the future.