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Sanctions against Russian energy, high cost fuel, heat waves and droughts all at once have raised the price of daily energy use to unprecedented levels and plunged large parts of the world into darkness.
Courtesy: Economic Times
The warning signs were visible long before the Ukraine conflict. Years of insufficient investment into oil and gas production resulted in high price, and shortages. With investors keeping away from traditional fuels, the conflict in Ukraine precipitated the inevitable. Energy-dependent India must now insulate its supply chains.
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The United Nations’ Paris Agreement of 2015 had nations committing to reduce emissions of greenhouse gases to slow the rise in global temperatures. But terrestrial geoengineering – or the use of “carbon capture” technologies and developing carbon sinks to remove gases already in the atmosphere – and atmospheric climate engineering are technologies which also seek to slow global warming
Courtesy: ibctrain.com
The main objective of the Shanghai Cooperation Organisation’s (SCO) Energy Club, when Russia formed it, was to market its member states’ substantial oil and natural gas reserves. This map shows some of the important natural gas pipelines, originating from Russia and its neighbouring countries that are not members of the SCO. What can India do to secure supplies from these abundant but currently inaccessible natural gas reserves?
Courtesy: Gateway House
Trends in technology, geopolitics and geoeconomics have dramatically transformed the global energy scenario in the last two years. This means favourable conditions for import-dependent India, which must use the opportunities available to reduce its vulnerability to high energy prices. The jump in oil prices past the $60 mark suggests that India must act with alacrity. India’s Energy Footprint Map offers a profile of India’s global trade and investment in energy, and indicates what India can do to access cheap and reliable supplies
Courtesy: Indian Embassy Thimphu
India’s long-term positive relationship with Bhutan is underpinned by hydropower: India helped develop Bhutan’s power projects and we purchase the surplus energy.The India-Bhutan relationship can be a model for improving links with Nepal which is trying to develop at least three projects jointly with India
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Growing instability in the region make the planned Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline seem more like a burden than a solution to India’s hunt for alternative energy sources. Is it wise for India to move ahead with the $7.6 billion project?
Courtesy: PMO
Indian Prime Minister Manmohan Singh’s visit to Dhaka was, by and large, a success; but poor internal coordination hampered the greater possibilities of the visit. India and Bangladesh can now explore new prospects, on maritime issues, oil and gas and environmental concerns in the Sundarbans.
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While the fractious Indo-Bangladesh relationship has made progress over the past few months, both sides must engage in environmental diplomacy in the vulnerable Sundarbans region to ensure bilateral prosperity.