Home Climate Change Bullshit Quick, someone tell Cindy coal is good.

Quick, someone tell Cindy coal is good.

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India Sees $55 Billion Investment in Clean Coal Over Next Decade

By Paul Homewood

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, the world’s third-biggest emitter of greenhouse gases, 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.

“We have to meet a target to become a $5-trillion economy, and for that, we have to exploit our coal reserves,” Shah said to the winning bidders of India’s first auction of coal blocks for commercial mining. “We should look at exploiting our coal reserves under the ground in the next thirty years to speed up economic growth. Looking at the rapid growth in alternative energy sources, the sooner we exploit these reserves, the better for us.”

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.

Coal helped produce about 64% of India’s electricity in the first half of the fiscal year ending March, although its share has been sliding with the growth in renewable energy.

“It is impossible to operate an industry or even grow crops without using some form of energy. And energy will continue to mean coal for several decades,” coal minister Pralhad Joshi said at the same event.

Clean coal means reducing the emission pollutants, not CO2.

Even more misleading is this statement:

Coal helped produce about 64% of India’s electricity in the first half of the fiscal year ending March, although its share has been sliding with the growth in renewable energy.

In fact, total coal generation has nearly doubled since 2010, rising steadily until last year, when the small drop last year was nearly all due to greater hydro generation, following a wet year. Since 2010, the share of coal has also increased from 69 to 73%.

In stark contrast, the contribution from renewables is a paltry 8.6%

What is abundantly clear is that India are not going to ditch this massive investment in coal, and will be using the stuff for many decades to come.

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7 COMMENTS

  1. Actually come to think of it cindy will likely agree with this as under her watch coal use in nz has also increased, alot more coal imports and i guess with her ruining taranaki gas and oil wr are only going to increase our coal usage.

    When cindy says all renewable energy by 2030? We know from past performance the opposite will likely happen, she will blow billions at lake onslow and then realise the power and energy storage is at the wrong end of the country and we dont have the capacity to transmit it…

    10

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    • I have a shrine in the corner of my living room, in honour of coal and those that mine it i feed my shrine coal at a rate of 1ton every 4weeks 🙂
      I get enjoyment in knowing that every bucket of coal i feed it a small part of gretta dies.

      4

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