Addresses ADIPEC Strategic Conference in Abu Dhabi UAE.
Nov 04,2024
joined a Ministerial Panel with fellow Ministers from UAE, HE Suhail Al Mazrouei; Egypt, HE Eng. Karim Badawi & Uganda, HE Ruth Nankabirwa Ssentamu in a session on “The Global Leaders & the Energy Transition” moderated by #HadleyGamble at 40th edition of #ADIPEC, one of the world's largest platforms uniting the global energy ecosystem being organised in Abu Dhabi.
Emerging markets are reshaping the global energy landscape with nearly 80% of the increase in global energy demand by 2045 to come from emerging economies & India’s share in global energy consumption set to rise from 6% in 2022 to 14% in 2050 under the farsighted leadership of PM
#NarendraModi Ji. This surge in demand is driving substantial investments in both conventional and renewable energy sources.
India’s approach to the energy transition illustrates the value of a diversified energy strategy that balances the need for fossil fuels with a strong commitment to low carbon solutions & green transition.
By adopting multiple pathways to cleaner energy, India’s journey highlights that there is no singular formula for transition but instead emphasises a need for flexibility, tailored strategies, and resource optimization.
Our initiatives like the International Solar Alliance and the Global Biofuels Alliance (GBA) illustrate the power of global partnerships in accelerating clean energy deployment.
The world could have faced an even more severe energy crisis without India's proactive approach.
As a leader in AI governance, India has also formulated a National Strategy on Artificial Intelligence and launched the AI Mission, alongside the Global Partnership on Artificial Intelligence as our energy sector extensively uses AI tools. India's data centre capacity is expected to increase twelvefold from 1–1.5 gigawatts to 17 gigawatts by 2030 with a CAGR of over 50%. This expansion is set to elevate the data centres contribution to India's power demand to 6% by 2030, up from less than 1% currently. Around $280 billion investment is expected in this sector.
