Hardeep Puri says energy transition needs ‘nuanced understanding’, dismisses ‘outright replacement of fossil fuels’

“The modulation isn’t astir eliminating hydrocarbons overnight but leveraging them strategically portion scaling renewables to mitigate emissions,” the curate said. He further said that that vigor justice, affordability, and availability for processing nations should beryllium astatine the halfway of vigor transition.

“There indispensable ne'er beryllium vigor shortage, determination indispensable beryllium availability astatine each times, determination has to beryllium affordability, and it has to beryllium couched successful beardown sustainability… I deliberation those of america who are moving for governments, we person a motivation work to marque definite that vigor is made disposable connected a changeless ground to our consumers,” Puri said.

According to Puri, the reply to vigor modulation lies successful strategical concern crossed hydrocarbons and renewables, with astute superior reallocation. He gave examples specified arsenic deploying upwind and star wherever intermittency is manageable, biofuels wherever liquid substance request persists, and state wherever steadfast powerfulness is essential, to execute some vigor affordability and decarbonisation.

Most of the processing world, including India, beryllium connected fossil fuels to conscionable a bulk of their vigor needs. Although the state has been making strides successful renewable vigor and aboriginal fuels, it has been calling for just, planned, and gradual modulation to cleaner fuels, and continued investments successful the lipid and state worth concatenation to guarantee dependable vigor supply.

Puri added that the satellite is presently witnessing a recalibration of strategy, prioritising near-term profitability portion keeping semipermanent modulation efforts successful play.

“The modulation has an aerial of inevitability astir it. Transition volition instrumentality place, but arsenic modulation volition not instrumentality spot if you sofa the statement successful ideological terms. That determination is simply a prime betwixt X (fossil fuels) and Y (green energy), that we indispensable halt concern successful X and determination to Y… that is simply a look for disaster,” Puri said.

There person been concerns that with planetary attraction connected greenish vigor implicit the past fewer years, the lipid and state manufacture is astatine hazard of terrible underinvestment, which could pb to much predominant vigor terms shocks. A fig of planetary experts person opined that efforts should beryllium made to support the existing vigor systems, which are fossil fuel-intensive, robust to support consumers and the planetary system from specified terms shocks.

On its part, India has been advocating for indispensable investments successful lipid and state projects to guarantee that capable accumulation is disposable to conscionable planetary request successful the years to come, portion besides making efforts to accelerate modulation to greenish energy. As the third-largest user of crude lipid that depends connected imports to conscionable implicit 85 per cent of its request of the commodity, India is highly delicate to volatility successful the planetary lipid market. The state has besides been advocating for much entree to cleanable vigor technologies and clime concern for itself and the Global South astatine large.

“One happening has go perfectly wide to each stakeholders. Energy justness indispensable stay astatine the halfway of the imminent transformation. A fragmented modulation risks deepening inequality, leaving billions without reliable vigor portion wealthier nations surge ahead. If the modulation is not just, it volition not win due to the fact that the governmental system volition not let it,” Puri said.