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India’s carbon market challenge
Launch of credit trading scheme likely to slip into 2026 as government grapples with complex market design challenges
India sets sights on breakthrough carbon-capture framework
South Asian economic giant is prioritising the development of CCUS policies to combat climate change and meet its international climate commitments
Olympus deal is key first for RSG market
Long-term deal signed by Olympus Energy marks breakthrough for emerging market for responsibly sourced gas
Essar earmarks $3.6bn for transition in UK and India
Newly created division will deliver projects including low-carbon hydrogen, biofuels and CCS, with bulk of investments aimed at the UK’s Stanlow refinery, Indian conglomerate says
Coal use increases, but investment lags
High levels of demand are not translating into greenfield investments due to climate policies
India needs CCS ramp-up to reach net zero
Thinktank Niti Aayog says nation needs to capture and store 750mn t/yr of CO₂ to hit 2070 target
Countries must stop coal approvals to reach net zero – IEA
Transition is complicated in countries with high coal dependency because of remaining lifetimes of plants and expense of gas
Linde and SLB partner on CCUS
The firms plan to focus on CCUS for natural gas processing, as well as hydrogen and ammonia production
Energy sector carbon emissions to peak in 2025 – IEA
New policies in the EU, the US and China will cause emissions to peak this decade, the first time this has been forecast in an IEA Steps scenario
Global carbon emissions set to rise in 2022 – IEA
World on course for 33.8bn t of CO₂ emissions this year, but major deployments of renewables and EVs have slowed rate of increase
India is reliant on coal but is slowly shifting to gas and renewables
India Gas
Tom Young
5 March 2021
Follow @PetroleumEcon
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India makes progress on gas transition

Falling gas prices could help India to reduce its reliance on coal, while it gradually roll outs 450GW of renewables by 2030

The increasing availability of LNG cargoes and import infrastructure is encouraging the Indian government to pivot from coal to gas as a baseload fuel, according to experts, as it transitions to a lower-carbon economy over the next few years. Qatargas this week delivered its first LNG cargo to India’s Ennore receiving terminal. India will commission a further terminal at Jaigarh in Maharashtra later this year, while working on a number of other policies to improve the share of gas in the energy mix. The 6pc share of natural gas in India’s energy mix is among the lowest in the world. Last year, Prime Minister Narendra Modi said he wanted to quadruple the figure to 24pc by 2025. This will invo

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