India faces an enormous energy challenge, with a large part of the one-billion-plus population without access to modern fuels, overall low income and consumption levels, and the urgency of accelerating economic growth. In the wake of implementation of major economic reforms and a new global order, TERI feels that the time has come for India to reorient its strategy of energy development. The new approach must integrate priorities for all the relevant stakeholders and beneficiaries in meeting the energy demands sustainably. Indeed, it must transcend all boundaries: between ministries, between sectors, between energy forms, and between the rich and the poor. Such an integrated energy strategy can impart a long-term vision for sustainable economic development in India.
In a global economy, environmental challenges and present as well as future demand and supply of energy are of crucial importance. Rules and institutions here are general tools to provide guidance for welfare improving solutions. In this context, researchers of the School of Management and Governance of the University of Twente and the Institute of Public Economics of the University of Muenster presented papers at a seminar at Rothenberge, published in this volume. The three main topics are: economic and institutional aspects of energy markets, economic implications of environmental laws, and the economics of international trade and markets.
Since its modest beginning in the 1970s, the academic and research focus on energy has grown substantially and energy has established itself as an independent, interdisciplinary subject area. It attracts attention from people in a range of different fields including engineers, scientists, geologists, environmentalists, bankers, investors, policy makers and politicians. Energy Economics introduces the basic concepts of energy economics and explains how simple economic tools can be used to analyse contemporary energy issues. Energy Economics is organised into six parts that give the reader a thorough grounding in various key aspects of the subject: basic demand-related concepts and ideas used in energy economics; supply-side economics; energy markets, with specific emphasis on oil, gas and coal; the application of simple economic principles in analysing contemporary energy issues; environmental aspects of energy use; and regulatory and governance issues. Energy Economics is an easily accessible reference book for students of energy economics at the postgraduate level, as well as for a wider interdisciplinary audience. It provides readers with the skills required to understand and analyse complex energy issues from an economic perspective.
Following India’s general election in May 2009, this book undertakes a critical evaluation of the performance of the United Progressive Alliance (UPA). It presents a thorough analysis of the UPA coalition government, and by providing an understanding of the new innovations in the UPA’s policies, the book goes on to evaluate the effectiveness of these policies against their aims and objectives. This book suggests that there is an analytical framework for assessing the political consequences of the policies and the UPA’s success, both at the national and state levels, with particular reference to new policies in governance, secularism and security. These three areas constitute important fault lines between the main national political parties in India, and provide an interesting point of departure to explore the new emerging trends, as well as the strong underlying continuities between the UPA administration and its predecessors. The book offers new insights into the structure of Indian politics, and is a useful contribution to studies in South Asian Politics, Governance and Political Parties.
India faces an enormous energy challenge, with a large part of the one-billion-plus population without access to modern fuels, overall low income and consumption levels, and the urgency of accelerating economic growth. In the wake of implementation of major economic reforms and a new global order, TERI feels that the time has come for India to reorient its strategy of energy development. The new approach must integrate priorities for all the relevant stakeholders and beneficiaries in meeting the energy demands sustainably. Indeed, it must transcend all boundaries: between ministries, between sectors, between energy forms, and between the rich and the poor. Such an integrated energy strategy can impart a long-term vision for sustainable economic development in India.
The Chapters In The Volume Bring Out The Metamorphosis That The Indian Oil Industry In Presently Undergoing. Issues Relevant From The Point Of View Of India`S Economy Have Been Brought Out From A Researcher`S Perspective/. The Central Theme Is Globalization Of Indian Oil Industry. The Author Works For Bharat Petroleum Corporations. Has Got 11 Chapters.
The International conference on Energy Security Challenges–Non Traditional Security planning in India was yet another attempt by the Centre for Public Policy Research (CPPR), to focus on one of the most challenging themes of current times. Given its global outlook and ramifications, energy security demands an integrated approach and strategic positioning, especially for a country such as India.Several factors have contributed to the unprecedented predominance that the energy security debate has achieved in international dialogue and diplomacy: the growth of new economic power centres; the fluctuating price of fossil fuels over the last three years; global warming due to climate change; the threat of terrorism, instability in some exporting nations; power blackouts and chronic shortages of power in several countries. Power blackouts have occurred on the east and west coasts of the United States, in Europe and in Russia while chronic shortages of electric power are being faced by China, India and other developing countries.Given the fundamental need for energy to fuel a country’s economic growth, these power crises have caused concern not only about the reliability of electricity supply systems, but also raised fears of a scramble for energy supplies and heightened geopolitical rivalries. Thus the situation at the global level does not seem very positive. However, there have been attempts by several countries to streamline and reassert state control by installing new transportation channels and pipelines, hoping to offset the stark scarcity of their domestic resources through diversification, trade and investment in the energy sector.“Energy independence” is a phrase that has become a mantra since it was first articulated by Richard Nixon four weeks after the 1973 oil embargo was put in place. This national aspiration had long been at odds with reality for the United States. The real mood and the state of the nation was captured by President Obama in 2009 when he stated, “At a time of such great challenge for America, no single issue is as fundamental to our future as energy” In recent years, new energy suppliers, technological developments like hydraulic fracturing and the US shale gas boom have redrawn the global energy scenario and caused significant geopolitical shifts.That energy issues are fundamental to India’s future is an undeniable fact. The country’s energy imports come at the cost of 7% of its GDP and is more often ruptured by the country’s balance of payment, which takes an ugly turn with the fluctuations in the energy market.India, the world’s fourth largest energy consumer, imports 80% of its crude oil and 25% of its natural gas requirements. Around 600 million Indians do not have access to electricity and about 700 million Indians use biomass as their primary energy source for cooking, according to Indian Government sources. India’s energy demand is expected to become more than double, from below 700 million tonnes of oil equivalent (mtoe) in 2013 to around 1,500 million tonnes of oil equivalent by 2035, according to estimates made by the oil ministry. Hence, the issue of energy security is undoubtedly a major concern for India as well as the United States.
While overconsumption by the developed world's roughly one billion inhabitants is an abiding problem, another one billion increasingly affluent "new consumers" in developing countries will place additional strains on the earth's resources, argue authors Norman Myers and Jennifer Kent in this important new book. The New Consumers examines the environmental impacts of this increased consumption, with particular focus on two commodities -- cars and meat -- that stand to have the most far-reaching effects. It analyzes consumption patterns in a number of different countries, with special emphasis on China and India (whose surging economies, as well as their large populations, are likely to account for exceptional growth in humanity's ecological footprint), and surveys big-picture issues such as the globalization of economies, consumer goods, and lifestyles. Ultimately, according to the orman Myers and Jennifer Kent, the challenge will be for all of humanity to transition to sustainable levels of consumption, for it is unrealistic to expect "new" consumers not to aspire to be like the "old" ones. Cogent in its analysis, The New Consumers issues a timely warning of a major and developing environmental trend, and suggests valuable strategies for ameliorating its effects.
This book analyzes the role of energy in Indian foreign policy, particularly in defining bilateral relations. It also focuses on the critical gaps in conceptualizing its formulations and recommends a framework for sustainable energy security. India, the fourth largest consumer of oil, is an energy-deficit economy, importing more than eighty percent of its needs. This makes securing energy integral to its foreign policy goals. Obviously it is important for India to actively participate in the global energy market and establish robust, enduring and nuanced diplomatic relations with energy exporting countries. Equally important is that India diversifies its energy mix and moves towards carbon-free growth. Renewable energy is today high on the global energy agenda. Indian energy policy thus has to address a range of issues, domestically and on foreign turf. It has to move beyond the transactional mode by creating equity in the global energy industry. Today, the global energy regime is undergoing fundamental changes, as is the power dynamics of the global energy order. There are now many new producers and diverse consumers. The trade in energy has increased in volume and its direction has shifted from the West to the East, and the ongoing structural changes in the energy market call for a new security architecture. Given the complex and competitive environment of the new geo-economics and geopolitics of energy, the question could well be, should India frame energy issues in conflict mode or move toward innovative cooperation? In either case the message is that India needs an integrated energy security policy.
Wind power and solar photovoltaics (PV) are crucial to meeting future energy needs while decarbonizing the power sector. Deployment of both technologies has expanded rapidly in recent years, one of the few bright spots in an otherwise bleak picture of clean energy progress. However, the inherent variability of wind power and solar PV raises unique and pressing questions. Can power systems remain reliable and cost-effective while supporting high shares of variable renewable energy (VRE)? And if so, how? Based on a thorough review of the integration challenge, this publication gauges the economic significance of VRE integration impacts, highlights the need for a system-wide approach to integrating high shares of VRE and recommends how to achieve a cost-effective transformation of the power system. This book summarizes the results of the third phase of the Grid Integration of VRE (GIVAR) project, undertaken by the IEA over the past two years. It is rooted in a set o
