Don't get dewy-eyed on renewables: CEA

Under any plausible scenario, coal will provide about 60% of India's power needs until 2030: CEA

Raising questions over the current method of costing for renewable energy, Arvind Subramnian, the government's chief economic advisor (CEA), said bidding was not the best way of finding this in India. At the same time, he warned against India falling in the trap of ‘coal imperialism’ being imposed by developed nations. He said it should continue to invest in coal as the base load till 2030.
 
Speaking at the Darbari Seth Memorial Lecture, the CEA laid down 10 propositions to balance the renewable versus fossil fuel market dynamics. “Coal is both the source of livelihoods for millions and the