New Delhi: The Minister of Petroleum and Natural Gas, Dharmendra Pradhan said on Thursday that India and Africa should collaborate in the energy field for development and a brighter future for the people of India and Africa.
In his inaugural address during 2-day India-Africa Hydrocarbons Conference in Delhi, he said, “The global situation makes our collaboration more critical. The fourth India-Africa Hydrocarbons Conference looks to align and initiate future collaborations between India and Africa in hydrocarbons.”
25 African Nations have been invited for the Conference where 9 of them are represented by their ministers.
Pradhan expressed the hope that India would be a better partner for Africa as Africa plays an important part in India’s energy security, informing that India is importing around 18-20 percent of its oil needs from Africa, including 32 Million Metric Tons of crude oil last year.
The minister said “India is keen to diversify its energy sources,’’ adding that India is importing nearly 78 percent of its crude oil and 35 percent of natural gas requirements.
As a matter of policy, India imports two-thirds of crude oil from Africa while exports third of India’s exports to Africa.
“The compound annual growth rate of India’s hydrocarbons’ consumption has been at 7 per cent while the world average is on this count is only at 3 per cent,” Pradhan said.
He said that Indian state-run have invested in acquiring hydrocarbons in countries like Sudan, South Sudan, Mozambique, Goban and Egypt of Africa.
Petroleum Secretory KD Tripathi said earlier that it is an opportune time for global oil prices between importers and exporters from India and Africa. (IANS) (picture courtesy: orissadiary.com)
Efforts to boost global action against climate change are stuttering, as several key nations have objected to a key United Nations-backed report on the impacts of rising temperatures at the COP24 talks in Poland.
Many developing nations say they are already suffering from the impact of climate change, especially in south Asia and Africa, where water shortages and intense storms are putting lives and livelihoods in danger.
In Malawi in southern Africa, a bustling fish market stood at Kachulu on the shores of Lake Chilwa just five months ago. Now, hundreds of fishing boats lie marooned across the vast bay as vultures circle over the cracked, sun-baked mud. Water levels here fluctuate annually, but scientists say climate change is making the seasonal dry-out of the lake far more dramatic. Fishermen are being forced to leave and look for work elsewhere, says Sosten Chiotha, of the non-governmental organization ‘LEAD’ – Leadership for Environment and Development.
“Climate change contributes to the current recessions that we are experiencing, because you can see that in 2012 there was a recession where the lake lost about 80 percent of its water. Then it recovered in 2013, but not fully. So since then every year we have been experiencing these recessions,” Chiotha said.
Scientists gathering at the COP24 climate talks say it is developing countries like Malawi that are being hit hardest by the impacts of climate change.
The charity Water Aid has released a report ranking the countries worst-hit by water shortages, with Sudan, Niger and Pakistan making up the top three.
“There are people who are living with the impact of climate change right now. And they’re feeling those impacts not through carbon, but through water. And as we’ve seen over the past few years and will continue to see for many years to come unfortunately, is a huge increase in water stress and absolute water scarcity,” Water Aid’s Jonathan Farr told VOA from the climate talks currently underway in the Polish city of Katowice.
Richer nations have pledged $100 billion a year for poorer nations to deal with the consequences of climate change. Water Aid says they are failing to deliver the money.
Scientists say emissions of carbon dioxide would have to be reduced by 45 percent by 2030 to have any hope of keeping global warming below 1.5 degrees Celsius – the target agreed in the Paris climate deal.
However, the number of coal-fired power stations – the most polluting for
m of energy generation – is growing. The German organization ‘Urgewald’ calculates that $478 billion had been invested into expansion of the coal industry between January 2016 and September 2018.
There is little optimism at the talks that much concrete progress will be made, as several countries including the United States, Russia and Saudi Arabia have already voiced objections to a key scientific report from the U.N.’s Intergovernmental Panel on Climate Change. (VOA)