India Says Its Path To Net Zero Must Pass Through Fossil Fuels

India defended its use of fossil fuels citing energy security priorities, even as the country vowed to remain committed to decarbonization. Bloomberg News: The country, one of the world's largest producers of coal, has often countered demands to curb use of the dirtiest fossil fuel, arguing it is key to its energy security and economic development. The war in Ukraine saw energy rise to the fore of the agenda for developed nations, many of which revived use of coal after supplies of Russian oil and natural gas shrank. "The behaviour of European nations in 2022, eminently understandable, demonstrates the return of energy security as a prime requirement for countries," according to India's Economic Survey, tabled in parliament Tuesday. "Therefore, it stands to reason that it would be no different for developing economies too." Developing economies are being asked to shoulder the burden of a global transition to green fuels, despite their lower contribution to accumulated emissions compared with developed nations that prospered on the back of "unrestricted use of fossil fuels," the Economic Survey said. The document, presented a day before the annual budget, is an account of the government's performance and ambitions for various sectors of the economy.

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