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Retail prices of diesel and petrol are at an all-time high in India. Is this because of the rising crude oil prices, or is there another explanation? Amit Bhandari, Energy and Environment Studies Fellow, offers an answer.
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The ongoing turmoil in the oil markets due to the pandemic and underutilized supply, presents a long-term opportunity for India to secure its energy future. It can take small stakes in the listed oil and gas companies of stable Western democracies like the U.S., Canada and Australia, through a specially-created sovereign wealth fund. This will allow India to be better prepared for the era when prices rise again.
Courtesy: Gateway House
India’s investments in energy thus far have concentrated on buying stakes in oilfields in developing countries often at the risk of political unpredictability. With oil prices, and therefore oil company values, falling – India should revise this strategy and aim for better value and lower risk by making investments in companies in the developed world. This paper recommends investing in oil and gas assets in energy-rich developed countries like the U.S., Canada and Australia, to reduce India's vulnerability to future increases in energy prices. These should be made via a sovereign wealth fund (SWF), not the national oil companies. The SWF will be best served by acting as a financial investor, acquiring, only minority stakes, rather than aiming for management control.
Courtesy: Gateway House & CIGI
India can attract greater foreign direct investment through green bonds – a climate finance debt instrument that addresses environmental and climate-related challenges. These issuances have been linearly increasing over the years, driven by institutional pressure, provided in part by the Securities and Exchange Board of India’s regulation, and by the informal advocacy of market stakeholders.
Courtesy: Gateway House & CIGI
Canada has been one of the biggest success stories in oil over the past few years. India should consider financial investments in Canadian energy assets as a means to secure its energy supplies. This paper studies the feasibility and prospects for Indian investment in Canada's petroleum sector.
Courtesy: Gateway House
Dr. Chaitanya Giri, Fellow, Space & Ocean Studies Programme, Gateway House was in conversation with Manjeet Kripalani, Executive Director, Gateway House on, India's Space Sector reform: An Opportunity for Business.
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The OPEC’s proposed cut in oil production earlier this week may not enable the energy market to recover. Recovery is likely only after COVID-19 is brought under control, but there are ways India can capitalise on the current low oil prices for its own energy security
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The Coronavirus pandemic has caused crude oil prices to crash almost 40% even as Saudi Arabia and Russia pump more oil into the market. Fears are rife that this crisis will hit demand. There are repercussions on the U.S., the world’s top oil producer, on India, one of its new clients, and on the Gulf Cooperation Council countries
Courtesy: Atlantic Council
The Atlantic Council Global Energy Forum, held in Abu Dhabi on 10-12 January 2020, had the top businesses and analysts of the global energy industry. It was also part of a larger event, the annual Abu Dhabi Sustainability Week, which aims to be a global platform for sustainability in various industries
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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