+
 Indian coal sector employs 13 million people in India
COAL & MINING

Indian coal sector employs 13 million people in India

On Monday to assess the Socio-economic impacts of coal transition in India, more than 13 million people employed in coal mining, transportation, power, sponge iron, steel, and bricks sectors will be impacted by the impending coal transition, according to a study released.

According to a study released by the National Foundation for India (NFI), a think tank, and launched by Secretary, Ministry of Coal, Anil Jain, the transition away from coal will have the greatest impact on people in the states of Jharkhand, Chhattisgarh, Odisha, West Bengal, Madhya Pradesh, and Telangana.

The study's coal transition is based on India's agreement to a clause in the Glasgow Climate Pact that calls for a phase-down of unabated coal power while acknowledging the need for support for just transitions at the recently concluded COP26 in Glasgow.

In this critical decade, the Pact also recognised the need for accelerated action based on the best available scientific knowledge and equity, reflecting common but differentiated responsibilities and respective capabilities in light of different national circumstances and the context of sustainable development and poverty eradication efforts.

According to the study, the transition out of coal will have the greatest impact on people in Jharkhand, Chhattisgarh, Odisha, West Bengal, Madhya Pradesh, and Telangana. At least half of all districts in Jharkhand (15) and West Bengal (11), 30% of districts in Odisha and Chhattisgarh (nine) will be impacted in the next 30 to 50 years when India gradually phases out coal.

The phase-out of coal in these districts will have political, social, economic, and financial ramifications, particularly in communities where coal mining has been a way of life for over 200 years.

According to the NFI study, 135 districts in India have two or more coal-dependent assets, such as a coal mine, thermal power plant, sponge iron plant, or steel plant, all of which are vulnerable to a coal phase-out.

Image Source

On Monday to assess the Socio-economic impacts of coal transition in India, more than 13 million people employed in coal mining, transportation, power, sponge iron, steel, and bricks sectors will be impacted by the impending coal transition, according to a study released. According to a study released by the National Foundation for India (NFI), a think tank, and launched by Secretary, Ministry of Coal, Anil Jain, the transition away from coal will have the greatest impact on people in the states of Jharkhand, Chhattisgarh, Odisha, West Bengal, Madhya Pradesh, and Telangana. The study's coal transition is based on India's agreement to a clause in the Glasgow Climate Pact that calls for a phase-down of unabated coal power while acknowledging the need for support for just transitions at the recently concluded COP26 in Glasgow. In this critical decade, the Pact also recognised the need for accelerated action based on the best available scientific knowledge and equity, reflecting common but differentiated responsibilities and respective capabilities in light of different national circumstances and the context of sustainable development and poverty eradication efforts. According to the study, the transition out of coal will have the greatest impact on people in Jharkhand, Chhattisgarh, Odisha, West Bengal, Madhya Pradesh, and Telangana. At least half of all districts in Jharkhand (15) and West Bengal (11), 30% of districts in Odisha and Chhattisgarh (nine) will be impacted in the next 30 to 50 years when India gradually phases out coal. The phase-out of coal in these districts will have political, social, economic, and financial ramifications, particularly in communities where coal mining has been a way of life for over 200 years. According to the NFI study, 135 districts in India have two or more coal-dependent assets, such as a coal mine, thermal power plant, sponge iron plant, or steel plant, all of which are vulnerable to a coal phase-out. Image Source

Next Story
Infrastructure Transport

Syama Prasad Mookerjee Port Partners to Redevelop Nimtala Ghat

Kolkata: Syama Prasad Mookerjee Port, Kolkata (SMPK), signed a Memorandum of Understanding (MoU) on Tuesday with PS Group Realty Private Limited to redevelop and beautify Nimtala Ghat as part of PS Group’s Corporate Social Responsibility (CSR) initiative.The agreement was formalised at SMPK’s Head Office at 15, Strand Road, in the presence of SMPK chairman Rathendra Raman, deputy chairman Samrat Rahi, PS Group directors Saurav Dugar, Gaurav Dugar, Arun Sancheti, and senior SMPK officials.Under the MoU, PS Group will undertake the full redevelopment and permitted construction of Nimtala Imm..

Next Story
Infrastructure Urban

CSIR-NCL and Covestro Collaborate to Upcycle Polyurethane Waste

In a move towards sustainable plastic waste management, Pune-based CSIR-National Chemical Laboratory (CSIR-NCL) signed a Memorandum of Understanding (MoU) with Covestro (India) Private Limited on Wednesday to develop innovative upcycling technologies for polyurethane waste.Polyurethane is notoriously difficult to recycle, with current methods often proving inefficient, costly, and environmentally harmful. This collaboration aims to address existing challenges, including high energy usage and deterioration of material quality during recycling.Ashish Lele, director of CSIR-NCL, stated, “This p..

Next Story
Infrastructure Urban

Torrent Pharma Seeks CCI Approval for Rs 195 Billion JB Chemicals Deal

Ahmedabad-based Torrent Pharmaceuticals has sought clearance from the Competition Commission of India (CCI) to acquire a majority stake in J B Chemicals and Pharmaceuticals in a Rs 195 billion deal.Upon completion, Torrent Pharmaceuticals will become India’s second most valuable pharmaceutical company.The move follows Torrent’s June announcement to acquire a majority stake in J B Chemicals for Rs 195 billion.“The proposed combination pertains to the acquisition of shareholding by Torrent Pharmaceuticals Ltd in J B Chemicals & Pharmaceuticals Ltd, followed by the merger of the target ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?