Coal free by 2070? India’s push toward renewables won't stop coal reliance for the next two decades
Publishing timestamp: 2023-11-02 22:31:18
Summary
India's reliance on coal for power generation is expected to continue for the next two decades due to the unreliability of renewable energy sources. Despite ambitious goals for renewable energy, coal production and consumption are increasing, driven by rising electricity demand and the need for consistent power generation. The challenges of weather-dependent renewables and underdeveloped power grids hinder the transition away from coal. Investments in battery storage and foreign financing capacity are seen as crucial for India to achieve its net-zero goals.
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Keywords: renewable power generation, business news, alternative and sustainable energy, coal india ltd, coal mining, climate, environment, energy, india, asia economy,