India Will Help End Coal

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In event of more cost reductions for renewable energy, the Indian government will slowing fading out coal by further postponing coal projects.

Official Press Release IEEFA:

IEEFA op-ed: India is helping bring the era of coal to an end

Project postponements and cancellations are harbingers of a new Asian energy economy

Tony Abbott, Australia’s former prime minister, was photographed in Parliament just a couple of weeks ago clutching a document titled, “Coal era is not over.” According to Australia’s pro-coal “Monash Forum” parliamentarians, of which Abbott is a founding member, India in particular is ensuring a rosy future for coal exporters such as Australia by way of plans to construct 116 new power stations with a total capacity of about 88 gigawatts (GW). Ironically, on the same day the Forum put out a “fact sheet” on foreign coal markets, NTPC, the largest owner and developer of domestic coal plants in India, shelved its 4GW Pudimadaka Ultra Mega... ... More: Official Press Release IEEFA

coal, India, Australia, IEEFA, energy sector, wind energy, solar, tender, GW, storage

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