Coal will remain India’s main energy source for the next three decades although its share will gradually fall as the country pushes renewable power generation, according to a government report seen by Reuters.
The country is the world’s third-largest coal producer and the third-biggest greenhouse gas emitter. It depends on coal for about three-fifths of its energy needs and aims to double its output to 1.5 billion tonnes by 2020.
By 2047, however, coal’s share of India’s energy mix would shrink to 42-48 percent, from about 58 percent in 2015, the report, which has yet to be made public, showed.
India is also the world’s second-largest coal importer and environmentalists worry that despite its commitment to renewable energy, the country’s rising use of coal at a time when many Western nations are rejecting the dirty fossil fuel will hamper the global fight against climate change.
India aims to cut thermal coal imports to zero by the end of this fiscal year and use its abundant domestic stockpiles to address its electricity needs. However, it will have to start importing again after its coal production peaks in 2037, according to the report.
Imports could rise to as much as 62 percent by 2047 from over 25 percent now if the country doesn’t make its coal mining more efficient, the report said. Read More…
Credit By : Money Control
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