India’s Hydrocarbon Outlook 2024 203 A Report on Exploration & Production Activities job creation, the growth of domestic industries, and potential export opportunities in the global clean energy market. Improving energy efficiency yields significant cost savings for E&P businesses while strengthening India’s commitment to meeting its climate goals India’s Emission Scenario & Commitments: India being one of the fastest-growing major economies globally with a large and dynamic market coupled with significant domestic reforms and investment in energy & under international agreements. Prioritizing hydrocarbon efficiency and embracing new energy sources is essential for ensuring sustainable development, economic prosperity, and environmental stewardship. infrastructure. On the other hand, India stands as the world’s third-largest emitter of CO2, having reached a new record high of 2.7 billion metric tons (GtCO₂). This positions India closely behind the USA and China in terms of gross CO2
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