Need to assess energy policy: PM
The Prime Minister, Dr Manmohan Singh has said that it is necessary that India assesses its energy policy in view of the growing threat of climate change. The PM was addressing the Full Planning Commission meeting in New Delhi today.
"Energy is vital for our economic growth and this is the area where we are a deficit economy. We import over 70% of our petroleum energy needs and are also moving to a deficit position in coal. Rational energy policies are also critical for rational responses to the threat of climate change. This is a new compulsion and we need to assess whether we are on track in critical aspects of
our energy policy," the PM said.
He also pointed out that in India each energy sub-sector is the domain of a different Ministry. This has often meant a non-symmetric policy stance – the principles being adopted to determine policy in one sector are not the same as in another. It was in this light that the Integrated Energy Policy document was approved by the Cabinet in December 2008 as it contained a number of recommendations covering different sub-sectors. The PM has asked the Planning Commission to present an assessment of how these recommendations have been implemented.