While global efforts to phase out coal are progressing, many Asian countries are struggling to reduce their reliance on coal due to growing energy demands and existing infrastructure contracts.
In the ever-evolving energy landscape, India emerges as a powerhouse, steering the global oil demand narrative between 2023 and 2030. The International Energy Agency's recent projections paint a vivid picture of India's ascendancy, forecasting it to be the foremost driver of oil demand growth, surpassing even the behemoth that is China.
India s National Green Hydrogen mission, launched in January 2023, has set a target of at least 5 million metric tonnes of annual production capacity by 2030.