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India unlikely to accept IEA's call to stop new fossil fuel investments

"We do not think the report by IEA has been vetted by the member countries as a position document", said a senior source in the government

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India has auctioned its first tranche of 19 coal mines for unrestricted commercial use in 2020. It has begun the process for the second tranche this year, offering 67 mines

Subhomoy Bhattacharjee New Delhi

3 min read Last Updated : May 22 2021 | 6:30 AM IST

India is unlikely to accept the radical recommendation of the International Energy Agency (IEA) to drop new investments in fossil fuels, soon. “We do not think the report by IEA has been vetted by the member countries as a position document”, said a senior source in the government.

This week, IEA director general Fatih Birol issued a document, "Net Zero by 2050: A roadmap for the global energy sector”. It suggests there should be no investment in new fossil fuel supply projects from as early as this year. Of particular worry for India is its injunction that there should be

Topics : Joe Biden International Energy Agency coal policy Coal power projects Power Sector electricity demands India energy demand Renewable energy policy renewable energy Carbon emissions Commercial coal mining Fossil fuel

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