India sees $55 billion investment in clean coal over next decade
2021-01-12 10:20:35 [Print]
India expects to invest 4 trillion rupees ($54.5 billion) in clean coal projects over the next decade as it seeks to tap domestic energy sources and curb imports, federal home minister Amit Shah said.
The investment will be made in clean coal facilities, including coal gasification and coal-bed methane, Shah said at a signing ceremony to develop new mines. He said coal power will be key to achieving India's ambition of becoming a $5 trillion economy, a goal he said would be reached despite setbacks due to Covid-19. Emissions from burning coal can be made cleaner but not totally erased.
India expects coal to remain its dominant energy source for decades, even as large parts of the world shun the dirtiest fossil fuel, which is blamed for contributing to global warming and air pollution. The South Asian nation has defended its use of the fuel while also embracing large-scale renewable energy projects to transition to clean energy.
The investment in clean coal from state-run companies will be 2.5 trillion rupees, Shah said, accounting for almost 63% of the total. He said a roadmap has been prepared and 100 million tons of coal gasification capacity is planned by 2030.
The investment will be made in clean coal facilities, including coal gasification and coal-bed methane, Shah said at a signing ceremony to develop new mines. He said coal power will be key to achieving India's ambition of becoming a $5 trillion economy, a goal he said would be reached despite setbacks due to Covid-19. Emissions from burning coal can be made cleaner but not totally erased.
India expects coal to remain its dominant energy source for decades, even as large parts of the world shun the dirtiest fossil fuel, which is blamed for contributing to global warming and air pollution. The South Asian nation has defended its use of the fuel while also embracing large-scale renewable energy projects to transition to clean energy.
The investment in clean coal from state-run companies will be 2.5 trillion rupees, Shah said, accounting for almost 63% of the total. He said a roadmap has been prepared and 100 million tons of coal gasification capacity is planned by 2030.
