Nagpur: South Asia has a pre-construction pipe 37.4 gigawatts (GW) new coal projects, with an Indian 21GW pipe contributing 56% of this.
New coal does not make sense for India anymore, because renewable energy can provide these results better, faster and cheaper, and without socio-economic, health and environmental impacts, reveal new reports that assess new global pipes of coal projects .
Report ‘no new coal in 2021: the collapse of global pipes’, released by independent climate change Think Tank E3G, analyzed that there had been a reduction in 76% in the coal power proposed since the Paris Agreement was signed in 2015.
Furthermore the spotlight that even though India moves Slowly away from coal at the national level, considerable progress is being made at the state level.
The climate group behind the report is E3G, global energy monitors and coals.
“India’s pre-construction pipes from 21GW are the second largest in the world.
This country is currently building 34GW new coal capacity, more than seven subsequent countries are combined.
This is above the existing operating fleet in India 233GW (11.3% of Total global), “the report stated.
It further highlights that since 2015, the country has seen more than 326GW projects canceled, including more than 250GW shelf capacity.
“The current condition is mature for the remaining Indian pipes not to continue to construction,” he added.
Between 2019 and 2021, public officials from four Indian states – Gujarat, Chhattisgarh, Maharashtra, and Karnataka – announced their intention to “not build coal power plants”.
According to 2019 research, more state has the potential to stay away from new coal power because of the combination of socio-economic and environmental factors, especially the competitiveness of new renewable energy costs that increase rapidly.
Said that the cost implications for building a new coal plant was a supervisory ship in India than in many other countries, analysis found that the average coal generator load factors had fallen consistently – from 61% in 2018 to 531, making it more expensive to run There is and highlighting the stupidity of building new coal.
“Meanwhile, renewable tariffs in India are some of the lowest in the world, reaching a record RS1.99 Kilowatt hours (KWH) in December 2020.
It is cheaper than the majority of existing Indian coal fleets, and all the new coal projects.
Genewables is supported by Storage is also increasingly competitive, “reports.
The researchers also revealed that a 76% reduction in coal strength proposed since the Paris Agreement was signed in 2015, bringing the final construction of new coal into vision.
“The collapse of the global coal pipeline and the resurrection of commitment ‘there is no new coal’ that develops along.
Coal economy has become increasingly uncompetitive compared to renewable energy, while the risk of stranded assets increases.
The government can now act confidently to commit to ‘no coal new ‘, “said the writer Chris LittleCott.
Indicates that some countries can add their voices to public commitment snowballs for “no new coal”, Dave Jones, the global program leads to coals, said, “We urge the government to publicly express their intentions to be built in their country.
Only Five years ago, there were so many new coal power plans planned to be built, but most of it had been officially stopped, or was paused and could not be built.
“Bucket is an independent climate and energy thinking tank that focuses on accelerating the global electricity transition from Coal to clean energy.
Question Burning – 37.4 Gw New Coal Project in Pipes in South Asia – 21gw Project Accounting for 56% of these – New Coal Unreasonable for India – Renewable Energy Can Provide Better Results – The average load of coal plants in India Down from 61% in 2018 to 53% in 2021 – renewable rates in India are some of the lowest in the world