India is the world's second-largest coal-producing nation (770 million tonnes per annum) and coal accounts for 50 per cent of the 407.79 Gw of electricity generation in the country.
India has the least coal-fired power capacity retirements (0.22 Gw) planned until 2040. The US plans to retire more than half of its current capacity — 111.18 Gw — by 2040. In comparison, China's planned retirements make up only 0.6 per cent of its installed capacity and India's retirements comprise only 0.1 per cent of its operating capacity.
Last month, the UN published an assessment of the climate pledges of its member states and came to a grim conclusion. The targets and commitments put forth by the countries are insufficient to restrict global temperatures according to the goals set in 2016.
New planned coal projects in India — 99 new projects with a production of 427 mtpa — are hardly good news for environment as the country's operating coal mines release 1,217 mt of CO2 into the atmosphere annually.
To read the full story, Subscribe Now at just Rs 249 a month
Already a subscriber? Log in
Subscribe To BS Premium
₹249
Renews automatically
₹1699₹1999
Opt for auto renewal and save Rs. 300 Renews automatically
₹1999
What you get on BS Premium?
-
Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
-
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
Need More Information - write to us at assist@bsmail.in