PetroFed signs MoU with TERI to undertake a study on Climate Change Risks


Posted on:15 Oct 2016 09:31:21

PetroFed signs MoU with TERI to undertake a study on Climate Change Risks
15 October 2016 Current Affairs: PetroFed, an apex society of entities in the Hydrocarbon sector, signed a Memorandum of Understanding (MoU) with TERI to undertake study on Climate Change Risks. Preparedness for Oil and Gas Sector.

Cop21-The 2015 United Nations Climate Change Conference, COP 21 or CMP 11 was held in Paris, France, from 30 November to 12 December 2015. It was the 21st yearly session of the Conference of the Parties (COP) to the 1992 United Nations Framework Convention on Climate Change (UNFCCC) and the 11th session of the Meeting of the Parties to the 1997 Kyoto Protocol.

The agreement will enter into force when joined by at least 55 countries which together represent at least 55 percent of global greenhouse emissions. On 22 April 2016 (Earth Day), 174 countries signed the agreement in New York, and began adopting it within their own legal systems.

The study will suggest suitable measures for the Oil & Gas sector to achieve Indias INDC target of reducing emission intensity of GDP by 33.35 per cent below the levels in 2005 by 2030.

The share of gas in the Indian energy basket is 6.5 to 7 per cent while the world average is 24 per cent. India aspires to take the share of gas to 15 per cent in the next 3 to 5 years so as to have a new gas based economy.


Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs May 2017

29 MAY
NEWS
27 MAY
NEWS
26 MAY
NEWS
25 MAY
NEWS

Current Affairs April 2017

29 APRIL
NEWS
28 APRIL
NEWS
27 APRIL
NEWS
26 APRIL
NEWS

Current Affairs March 2017

31 MARCH
NEWS
30 MARCH
NEWS
29 MARCH
NEWS
28 MARCH
NEWS