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Dependence on coal increases despite its green energy push
Despite India being bullish on green energy options as it aims to achieve net-zero emissions by 2070, the geo-political situation triggered by the Russia-Ukraine war has led to supply chain constraints, rising energy prices and pushing inflation to highest-ever levels in several countries.
All of these factors have compelled India to continue relying on coal-based thermal energy. Recently, Union Finance Minister Nirmala Sitharaman stated that the government is concerned about uncertainties in the energy sector. She stated that, due to global uncertainties and supply chain disruptions, India, like many other countries, will have to rely more on coal in the near future.
The Finance Minister even said that India's plan to shift to renewable energy has received a jolt and therefore ways to reduce coal dependency and return to eco-friendly energy resources, need to be devised.
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