Global S&T Development Trend Analysis Platform of Resources and Environment
Coal in 2022: India’s Climate and Energy Evolution | |
admin | |
2022-01-13 | |
发布年 | 2022 |
语种 | 英语 |
国家 | 欧洲 |
领域 | 气候变化 |
正文(英文) | Data trends: 🟠 COP26 Progress: 🟢 2022 Momentum: 🟠 India’s announcements at COP26 surprised many. For years, India has maintained that coal was king, yet COP26 saw India announce a 2070 net-zero target; dramatically propose ground-breaking “coal phase down” language in the Glasgow Climate Pact; and launch the ‘Green Grids Initiative – One Sun One World One Grid.’ These are all positive signals that the reign of coal is approaching an end, but further actions will be needed this decade to ensure the transition from dirty coal to clean energy is not protracted or painful. Domestic conditions ripening for India’s coal transitionArguments for new coal in India are increasingly weak, despite repeated calls for investment in the sector. CREA, Ember, and IEEFA analyses show that building new coal is not just unnecessary, but also represents a costly mistake. This is especially true given power generating companies such as Tata Power plan to phase out coal by dramatically increase renewable investments. Addressing air pollution, strengthening energy security, bolstering competitiveness, and ensuring future jobs all require a rapid exit. The sooner policy and political clarity is provided, the more cost effective and advantageous India’s transition will be. PM Modi’s elixirs: the magic ingredients accelerating India’s coal exitPrime Minister Modi announced India’s five elixirs at COP26. Collectively and individually, they send clear high-level political signals that Indian electricity generation is heading towards rapid decarbonisation. Reducing reliance on coal will be a key first step in achieving these five objectives:
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What next for India?With ever-clearer and increasingly ambitious energy transition targets, India’s shift away from coal is accelerating. Recent reports indicate government experts’ recommendation to stop building new coal power plants and retire inefficient coal power units by March 2023. As India looks to meet its future demand, translating commitments such as those made at COP26 into a clear policy focus on green energy, and removing pro-coal signals, will be essential. This will avoid stranded assets, provide investors with clarity, and ensure a managed just transition for workers and communities dependent on coal. Achieving these goals and delivering coal phase-out will also require affordable finance and technology development. Meeting 450GW of renewables by 2030 could require nearly $500bn investments in India’s electricity sector, for example. India’s participation as a pilot country under the Climate Investment Fund’s Accelerating Coal Transition programme, could be key in financing just transitions away from coal, and delivering PM Modi’s elixirs. A decade ago, few predicted that India would bet on renewables over coal to meet its future energy needs. India’s announcements at COP26 give us hope that in this decade, new policies, increased international collaboration and careful planning, could accelerate a just coal-to-clean transition. |
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来源平台 | E3G |
文献类型 | 新闻 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/343962 |
专题 | 气候变化 |
推荐引用方式 GB/T 7714 | admin. Coal in 2022: India’s Climate and Energy Evolution . 2022. |
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