The Energy Transition Advisory Committee (“Committee”) of the Ministry of Petroleum & Natural Gas has recently released a report titled “the green shift” (“Report”). The Report has been published keeping in view the central government's endeavor to reach Net Zero emissions by the year 2070 making India a key player in the global fight against climate change.
The Report focuses on transitioning towards low carbon fuel in India’s oil and gas sector and does a detailed analysis of the current status of India’s energy sector such as the aviation, shipping, surface and road transport industry. It also recommends several reforms and policy changes to the central government in respect of the energy sector, with the aim to align the growth of the energy sector with the government’s existing stand of achieving Net Zero emissions by 2070.
The instant update focuses on the key recommendations made by the Committee with respect to the surface transport industry as well as the aviation industry.
Surface transport industry
The Report therefore serves as a roadmap for the central government for promulgating any future policies to achieve its overall goal of becoming a nation with Net Zero emission in the ensuing years. Going ahead, any policy to be made by the central government may adhere to the detailed recommendations made in the Report.
Please find a copy of the report, here.
This update has been contributed by Udit Mendiratta (Partner), Niharika Sharma (Senior Associate) and Shivkrit Rai (Associate).
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