No financial aid, no exit: IEA chief backs India on coal
COAL & MINING

No financial aid, no exit: IEA chief backs India on coal

Backing India's stand on continuing with coal as an energy source, International Energy Agency (IEA) chief Fatih Birol told the media on Wednesday that it would not be fair to ask developing nations to stop coal usage without giving international financial assistance to make up for the economic challenge from such a move.

Birol, whose energy agency is a policy adviser for members of the Organisation for Economic Co-operation and Development, said India, China, and Indonesia, produce more than 60% of electricity from coal and the average age of their coal fired plants is 11 years as compared to 40 years in Europe. He said the problem of concentration of carbon in the atmosphere has lasted “almost last 100 years” and that nations such as the US, Japan and European nations developed and enriched themselves “by using a lot of coal”.


4th Indian Cement Review Conference 2021

17-18 March 

Click for event info


Last month, IEA said India would make up the biggest share of energy demand growth at 25% over the next two decades, as it surpasses the European Union as the world's third biggest energy consumer by 2030.

India depends on coal for 60% of its energy, and coal and associated sectors are major employment generators, Birol said at the Energy Horizons Leadership Dialogue organised by Council on Energy, Environment and Water (CEEW).

Last year, UN Secretary General Antonio Guterres had called on India to move away from coal and other fossil fuel based economic growth and fully adopt renewable energy. India has maintained that it is not a polluter and cause of climate change and has voluntarily committed to work on reducing greenhouse gas emission intensity of its GDP by 33%-35% below 2005 levels, by 2030.

Image Source


Also read: CIL set to venture into aluminium, solar

Backing India's stand on continuing with coal as an energy source, International Energy Agency (IEA) chief Fatih Birol told the media on Wednesday that it would not be fair to ask developing nations to stop coal usage without giving international financial assistance to make up for the economic challenge from such a move. Birol, whose energy agency is a policy adviser for members of the Organisation for Economic Co-operation and Development, said India, China, and Indonesia, produce more than 60% of electricity from coal and the average age of their coal fired plants is 11 years as compared to 40 years in Europe. He said the problem of concentration of carbon in the atmosphere has lasted “almost last 100 years” and that nations such as the US, Japan and European nations developed and enriched themselves “by using a lot of coal”.4th Indian Cement Review Conference 202117-18 March Click for event info Last month, IEA said India would make up the biggest share of energy demand growth at 25% over the next two decades, as it surpasses the European Union as the world's third biggest energy consumer by 2030. India depends on coal for 60% of its energy, and coal and associated sectors are major employment generators, Birol said at the Energy Horizons Leadership Dialogue organised by Council on Energy, Environment and Water (CEEW). Last year, UN Secretary General Antonio Guterres had called on India to move away from coal and other fossil fuel based economic growth and fully adopt renewable energy. India has maintained that it is not a polluter and cause of climate change and has voluntarily committed to work on reducing greenhouse gas emission intensity of its GDP by 33%-35% below 2005 levels, by 2030. Image Source Also read: CIL set to venture into aluminium, solar

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train Set to Launch by 2028

India’s first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India’s infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..

Next Story
Infrastructure Transport

Mumbai-Gandhinagar Train Service Enhances Passenger Capacity

The Mumbai Central–Gandhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India’s busiest business corridors. This upgrade, effective from 11 May, raised the train’s seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai–Ahmedabad–Gandhinagar route, which regularly operates at over 150 percent seat occupancy...

Next Story
Infrastructure Urban

Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently

Delhi’s ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river’s health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?