Nagpur: Announcement made by India on the COP26 UN summit recently concluded in Glasgow is ready to mark historically from the decline in the coal terminal.
Although the State opposes the commitment to removing coal, the latest analysis by research centers about energy and clean air (Crea) revealed that the target of the country from a renewable power plant with a capacity of 500 gigawatts (GW) in 2030 it would likely provide all additional electrical demand without increasing generator Electricity from coal.
According to a report entitled ‘Powering Down Coal – COP26 Impact on the Global Coal Power Fleet’, coal electricity generation is likely to increase in the next few years in India, and then peak and decline because the addition of clean energy capacity accelerates towards the target.
“This means that there is no case to add new coal-fueled power capacity.
Also, the target of 500 gw has started a coal phase in the country,” the analysis was stated.
Further researchers highlighted that the date of the 2070 carbon neutrality target of the country left sufficient space for existing coal power plants to run until the operating life assumed conventionally, implying no early retirement.
“The target of reaching the capacity of 500 gw renewable power plants in 2030, up from 100 gw today, is likely to provide all additional Indian electrical requests without increasing power plants from coal,” they said.
The global climate met COP26 witnessed strong opposition to the inclusion of ‘acceleration phase-out of unfinished coal power and inefficient fossil fuel subsidies – especially from India and China.
Both the largest coal consumer that promises the target of carbon neutrality but refrains from commitment in their domestic coal electricity sector.
In accordance with the researcher, this is impossible to become the main cause of India’s concern as a non-fossil electricity target will “the phase down” coal before 2030.
“Phase-down or phase-out is not too meaningful.
Coal is in the terminal decline.
Phase-down is also a step Towards a phase-out.
We will see this change, not only on paper, but in the real world during next year and more importantly, this decade “said Sunil Dahiya, analyst at Crea.
This study further found that the announcement and appointments made at Glasgow Climate Summit will directly affect 80% of the coal power plants planned throughout the world.
“Glasgow’s climate summit might fail in several fronts, including the loss funds and on adaptation.
However, COP26 has taken historical steps towards coal ending.
This is not only optics, announcements, and promises made in Glasgow have real world consequences in the industry Global coal, “said Lauri Myllyvirta, lead analyst at Crea.