For context, I’ll note that India has committed to not building any additional coal-fired power plants over the next few years
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So if they’re not building new coal plants, what are they doing with the coal? Heating stoves or something?
Per the article this is supposed to displace imports and open-cast mining:
Increasing production from underground mines to 100mn tonnes by 2028 will help offset depletion at opencast mines and phase out imports, the coal ministry said.
It also argues that it is the responsibility of rich nations, which contributed the bulk of historic emissions, to stop polluting sooner.
Ah, I am glad that they are so good at shifting blame. Catching up to politicians in industrialized nations. Lovely.
New Delhi’s past attempts to attract private investment for new mines have had only limited success, in part because of a lack of appetite among companies reluctant to make long-term investments in the fossil fuel.
I guess there’s some good news mixed in there.
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Get funked, ft.
