Renewable source of energy can provide more power in much less cost than new coal-powered power plants in India, and it costs more to run 62 per cent of the country’s coal capacity than to build new renewable power generation facilities, according to a new study.
The study titled ‘Navigating the economic and financial risks in the last years of coal power’ by financial think tank Carbon Tracker, states that phasing out coal power would benefit consumers and taxpayers because India is a regulated market where state support keeps uneconomic plants profitable.
However, it is the state which ultimately underwrites investment risk in regulated markets, where coal is sheltered from competition, it said. Read More
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