Coal To Remain India’s Main Energy Source For At Least 30 Years, Govt Confirms

via NOT A LOT OF PEOPLE KNOW THAT
http://ift.tt/16C5B6P

By Paul Homewood

From GWPF:

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 would like to use its abundant coal reserves as it provides a cheap source of energy and ensures energy security as well,” the report said.

http://ift.tt/2quLx3u

According to the Reuters report, 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.

It really is a no-brainer!

India, as with most countries, is desperately keen to reduce its dependency on imported energy. Given that it has huge deposits of coal, it will want to use them.

As a recent report by InfluenceMap, “Who owns the World’s coal”, points out, China and India are sat on more than half of the world’s coal reserves.

http://ift.tt/2qv7tM3

Moreover, as the study explains, it is the Indian Government itself that owns the largest chunk of India’s reserves. It will take no action that damages this asset.