Role of gas in cooking and mobility in the transition to cleaner energy
India’s strategy to cover unmet energy requirements by creating dual connections of gas and electricity requires a balancing act to ward off environmental and capital loss, according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA), with volatility of global gas prices increasing the urgency of pushing clean alternatives for cooking and mobility. In the wake of the Indian government’s strong commitments to increase the share of gas in the country’s energy mix, IEEFA’s report says vital questions emerge about the fiscal risks of such a move, as well as the fossil fuel’s place in the scheme. At the same time, judicious investment in renewable energy looms as a means of leapfrogging legacy technology, delivering economic benefits and limiting emissions.
