🧵 1. India to be energy self-reliant by 2047, end fossil fuel use before 2070, says Oil Minister Hardeep Singh Puri. Green hydrogen and biofuels will play a key role in this transition. #world
🧵 1. India to be energy self-reliant by 2047, end fossil fuel use before 2070, says Oil Minister Hardeep Singh Puri. Green hydrogen and biofuels will play a key role in this transition. #world
🧵 2. India aims to increase ethanol blending in petrol to 20% by 2025, ahead of the previous target of 2030. This move will save on import bills and benefit farmers.
🧵 3. Gas to make up 15% of India's energy mix, requiring a $60 billion investment. It is considered a clean and transitional fuel.
🧵 4. Oil Minister urges oil marketing companies to consider retail price cuts for auto fuels, highlighting previous excise tax reductions. Non-BJP states also urged to reduce VAT.
🧵 5. Sustainable aviation fuel blending can benefit millions of farmers. 1% blending could benefit 500,000 farmers, while 5% blending could benefit up to 7 million farmers.
🧵 Read more at: https://www.financialexpress.com/market/commodities-india-may-end-use-of-fossil-fuel-much-before-2070-oil-minister-3241445/