India’s Hydrocarbon Outlook 2024 202 A Report on Exploration & Production Activities Hydrocarbon Efficiency & New Energy 9 Energy Transition - Role of Hydrocarbon Efficiency and New Energy: India, at the COP 20 announced its target to achieve net zero by 2070, the intersection of hydrocarbon efficiency and new energy sources in India’s energy landscape presents a dynamic arena where sustainability and economic growth converge. Prioritizing initiatives to enhance hydrocarbon efficiency and facilitate the transition to new energy sources is paramount for India’s sustainable development. These measures are crucial to strengthen our nation’s energy security, reducing dependence on imported fossil fuels, and mitigating vulnerability to global market fluctuations. Additionally, they play a vital role in addressing India’s environmental challenges, including air pollution and climate change, by curbing emissions of greenhouse gases. Investing in low carbon and renewable technologies, not only expands access to clean and affordable energy but also stimulates economic growth through The intersection of hydrocarbon efficiency and new energy sources in India’s energy landscape presents a dynamic arena where sustainability and economic growth converge.
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