Deep cuts in emissions, mainly from burning fossil fuels, will be needed over the coming years if targets to limit a global rise in temperatures and prevent runaway climate change are to be met, scientists have said.
India, which rarely used to buy Russian oil because of costly logistics, has emerged as Russia's second biggest oil client after China as some Western entities shunned Moscow purchases following its February invasion of Ukraine.
At the global climate summit starting later this month, India will ask richer economies for more commitments towards reducing carbon emissions. The government announced on Thursday that Prime Minister Narendra Modi will be attending the summit.
MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.9% in early trade, after U.S. stocks ended the previous session with mild losses. U.S. stock futures, the S&P 500 e-minis, fell 0.43%.
Brent crude prices also climbed for a fourth day on the supply anxiety, particularly after the Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, decided on Monday to say with their planned output increase rather than boosting it further.
"In the next 5-10 years, we expect to see improved recovery rates and even a doubling in some of our most prolific (gas) basins," said Frank Fannon, assistant secretary in the Bureau of Energy Resources in the U.S. Department of State.
The "Activation of Association" is expected to serve as a bridge and platform for wider-ranging and deeper co-operation and collaboration between IEA member and Association countries in the future.
Pradhan and Russia's energy minister Alexander Novak will be among those to address the international gathering of industry, policy and financial leaders at CERAWeek 2017, organised by the UK-based IHS Markit from March 6 to 10.
India is replacing China as the driver of global oil demand growth as its economy expands and a rising middle class buys motor vehicles. The International Energy Agency expects India to account for a quarter of global energy use by 2040.
"By 2050 world energy demand is projected to double, most of that growth will come from developing countries like India as its per person energy use is expected to increase more than 550 during that time frame," Culpepper said.
Mint Future of Electricity discusses world energy outlook, India energy outlook as well as important role that India will play in all aspects of global energy over the next 25 years.
By signing up to 'EP100' campaign led by 'The Climate Group', the world's largest manufacturer of tractors has committed to doubling their energy productivity by 2030, a core requirement for any business signing on to the campaign.
The global energy scenario today is influenced by multiple factors. As the world continues to face energy crisis with an ever widening gap between its demand and availability, the need for a cohesive approach towards developing new great technologies and renewable solutions to meet energy challenges becomes imperative.
Analysts polled by Reuters had expected annual consumer inflation to be 1.0 percent in January, compared with 1.5 percent in December.
India's Reliance Industries, ONGC Videsh and Cairn India are vying with global energy giants Shell, ConocoPhillips and ExxonMobil for 30 offshore oil and gas blocks that Myanmar has put on offer.
Entries for the energy section of this year's US Innovative Lawyers ranking speak volumes about the way the industry is changing.