Diversity best bet, no one-size-fits-all solution to energy transition: PM Modi
Prime Minister Narendra Modi has made a renewed pitch for diversity in the energy mix, saying there is no one-size-fits-all solution for a world looking to transition from fossil fuels to cleaner sources like solar and hydrogen. India, the world's third-largest energy consumer, has repeatedly stressed on energy transition being just and orderly and nations having a free hand in decisions on the pathway based on the availability of resources.
«Our principle is simple — diversity is our best bet, whether in society or in terms of our energy mix,» he told PTI in an exclusive interview here ahead of the G20 summit.
«There are no one-size-fits-all solutions.
Given the different pathways countries are on, our pathways for energy transition will be different.»
Coal, oil and gas make up for almost two-thirds of the world's energy consumption. And replacing them can't happen overnight.
Given this, New Delhi is in favour of continuing to invest in today's energy system so as to meet the demands of growing economies and not cause any shortage. And at the same time, investments should flow into transition fuels.
«Despite having 17 per cent of the world's population, India's historic share in cumulative emissions has been less than five per cent.
