Policymakers must solve difficult, interwoven questions if they are to address their country’s energy sector in a way that simultaneously drives economic growth and encourages sustainable development. This requires relevant energy modeling and analysis to evaluate the best energy pathways that countries should adopt.
In line with the global goal of moving towards cleaner fuel choices, NITI-AAYOG and Institute for Energy Economics, Japan (IEEJ) aim to understand the role that natural gas can play in India and Japan’s energy future. NITI AAYOG has partnered with EPIC-India in this endeavor, to model India and Japan’s natural gas future till 2040. Utilizing EPIC’s unique energy model, this project attempts to understand how changes in international oil and gas market prices, domestic fuel pricing regulations and the penetration of renewable energy impact India and Japan’s future energy mix. The model also gives us an insight into the carbon emission pathways for these various scenarios. The results of this modeling exercise can help make policies that best allow India and Japan to achieve its desired natural gas pathway.