International Energy Agency (IEA) has released the 2015 edition of its flagship World Energy Outlook publication (WEO-2015) which indicated that an extended period of lower oil prices would benefit consumers but would trigger energy-security concerns.
India – Oil demand is expected to ↑ by 10m barrels per day (bpd). It is also forecast to become the world’s largest coal importer in 5 years.
- India is also expected to rely on solar and wind power to have a 40% share of non-fossil fuel capacity by 2030.
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