Energy agency warns of uncertainty for coal sector amid India's power crisis

 

Energy agency warns of uncertainty for coal sector amid India's power crisis

The report assumes that India will overtake China's population as the most populous country in this decade.

As India seeks to increase its coal reserves in coal-fired power plants in the face of a potential energy crisis, a new report by the International Energy Agency (IEA), titled 'World Energy Outlook 2021', warns Granted, there are huge uncertainties. for the coal sector.

"The coal industry, led by state-owned Coal India Limited (CIL), has been accused of increasing production. But the ambitious big target is the demand trajectory as well as the low share of domestic coal production," the report said. Has gone up against large uncertainties regarding quality challenges.

To limit global warming to 1.5 °C over an average temperature of about 150 years ago, the report called on nations to decarbonize the energy sector, "accelerating decarbonization of the electricity mix is ​​the single best option available to policymakers." important lever", as "it closes more than a third of the emissions gap between APS (declared pledge scenario) and NZE (net zero emissions by 2050 scenario)".

The IEA consists of 30 developed countries as member countries and eight partner countries including India, China and Brazil.

Some of the major highlights include:

• More than 50 GW of financially stressed coal assets (NPAs) in India has caused stress in the banking system.

• The report calculates that India's GDP will grow faster than China's on average over the next three decades starting from now.

• It further highlighted that today, 90 percent of the world's population breathes polluted air, causing more than 5 million premature deaths each year.

• The report assumes that India will overtake China's population as the most populous country in this decade.

• Meanwhile, coal demand in India is expected to grow by about 30 per cent by the end of this decade.

• The report also said that 1.67 million premature deaths in India are linked to air pollution, which is more than three deaths every minute.

According to the APS, India is projected to be the second largest user of unburned coal, after China, accounting for about 15 percent of global use for electricity generation in 2030.

In Hindi Article:- https://akbnews01.blogspot.com/2021/10/blog-post_122.html