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Economic Implications: The Pros and Cons India-US Energy Trade: Benefits and Challenges Pros: 1. Energy Security & Diversification – Reducing dependency on a single region ensures uninterrupted supply and mitigates risks from geopolitical tensions. 2. Reduced Price Volatility – US oil imports help buffer India from OPEC+ production cuts that often cause sharp price fluctuations. …
Read MoreWhy the news? India Energy Week 2025, inaugurated by PM Narendra Modi, highlights India’s leadership in renewable energy, green hydrogen, and sustainable mobility. Key initiatives include expanding non-fossil fuel capacity, boosting hydrogen adoption, and launching the 10th OALP bidding round. Key Highlights of the India Energy Week 2025 : PM Narendra Modi inaugurated India Energy …
Read MoreWhy in the news? Ukraine halted Russian gas transit to Europe on January 1, 2025, ending decades of supply dominance. This move, driven by Europe’s reduced reliance on Russian energy, impacts Ukraine’s revenue and Russia’s market share significantly. Ukraine Halts Russian Gas Transit to Europe: On January 1, 2025, Ukraine ceased the transit of Russian …
Read MoreWhy in the news? The Rann Utsav 2024-25, celebrating Kutch’s art, music, and traditions, is ongoing until March 2025 in the Great Rann of Kutch, attracting global visitors to India’s iconic salt desert. Cultural Extravaganza in the Salt Desert: Organized annually by Gujarat Tourism Department, Rann Utsav highlights the heritage of Kutch. Hosted in the …
Read MoreWhy in the news? India identifies dependency on China for six critical minerals, including lithium and silicon, and outlines strategies to reduce reliance through domestic initiatives, strategic partnerships, and advanced technologies. About China’s Dominance in the Critical Minerals Sector: China dominates the critical minerals sector due to its vast reserves and investments in exploration and …
Read MoreWhy in the News? IEA Conference: Concluded a 2-day Global Conference on Energy and AI in Paris, gathering over 500 participants, including ministers from 25 countries. Focus Area: Highlighted the rising electricity demand from data centres while emphasizing AI’s role in energy transitions. Key Participants: Countries like India, Japan, UK, and the USA alongside CEOs …
Read MoreSyllabus: GS 2: Science and technology – Development and its application in everyday live. Life Science Why in the News? India’s focus on Small Modular Reactors (SMRs) aligns with its sustainable energy goals, offering a flexible, low-carbon nuclear solution. Recent government interest highlights SMRs’ potential for safely addressing India’s energy needs while supporting its climate …
Read MoreWhy in the news? The ISA hosted its third High-level Conference on Clean Energy Transition to discuss solar and storage technologies, green hydrogen, and global energy goals, focusing on sustainable solutions for decarbonization. Event Overview: The International Solar Alliance (ISA), in collaboration with India’s Ministry of New & Renewable Energy, the Asian Development Bank, and …
Read MoreWhy in the news? The International Energy Agency’s World Energy Outlook 2024 report highlights India as having the highest anticipated energy demand growth globally, with significant projections for electricity generation, vehicle increase, and coal utilisation, reflecting India’s expanding energy needs. About World Energy Outlook 2024: Release: The World Energy Outlook 2024 report, published by the …
Read MoreSyllabus: GS-2: Renewable Energy GS-3:Government Policies & Interventions Focus: The UK’s closure of its last coal-fired power plant marks a significant milestone in energy transition, prompting discussions on the applicability of this model to India. As India aims for net-zero emissions by 2070, understanding successful strategies from the UK can inform its approach. A Milestone …
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