Foreword
Foreword
Author(s): Rajendra K Pachauri
Source: Energy Security and Economic Development in India: a holistic approach Authored By Bala Bhaskar
Abstract:
I am happy that Dr Bala Bhaskar has addressed the issue of India’s energy security and economic development in this timely publication. India faces several challenges linked to its ambition of growing rapidly in proximity of a double-digit rate. This would require ensuring adequate supply of energy to fuel progress in every sector of the economy and arranging measures such that every household receives adequate supply of energy for the well-being of the country’s population. The problem of energy security has been of crucial importance in determining economic development and growth strategies across the world particularly since the oil price shock of 1973/74 when the global price of oil quadrupled in a short period of time. However, while efforts at improving the efficiency of energy use and moving towards substitutes for oil were pursued vigorously till the early 1980s, they were virtually given up in 1985 when oil prices crashed and reached record low levels.
Publisher/Organisation: TERI Press
Publication Date: 1 January 2013