It’s not easy for India to curb its coal ‘addiction’ like the UN wants it to
UN ChiefAntonio Guterres said that Asian countries need to cut down on their ‘addiction’ to coal in order to address climate change.
- As India’s demand for energy is increasing, so is its consumption of coal.
- The use of renewable energy is growing but not nearly fast enough to power demand.
“There is an addiction to coal that we need to overcome because it remains a major threat in relation to climate change,” he said during a press conference ahead of the Association of Southeast Asian Nations (ASEAN) on Saturday.
"We are lagging behind," he added.
In 2018, coal consumption grew by 1.4% worldwide — and that growth was led by India, according to BP’s Statistical Review of World Energy. But, India’s share of global consumption is only 13% as compared to China that accounts for nearly half of it.
Renewable energy isn’t growing fast enough
While it’s impossible to tackle climate change reducing cutting down on fossil fuels, especially coal — it’s also true that coal is cheap and developing countries like India need low-cost fuel sources to support their growing energy demand.
Currently, India is the third largest energy consumer in the world. Its population and economic growth is poised to increase the demand for energy.
To meet that increase, India’s already elevated its use of renewables by 25% but it’s far from sufficient. Coal still accounts for more than half of India’s energy requirements, according to the government.
According to BP Energy Outlook 2019, India’s coal consumption is set to double by 2040.
Even if renewable energy grows at an exponential rate — as planned by the Modi government — it will be outpaced by the growing demand for power, which will severely limit how far the power sector can decarbonise.
Popular on BI
- Richest entrepreneurs under 40 named in the IIFL Wealth Hurun list became more richer by 12% in last one year
- Time taken to deliver items & returns are the key pain points for e-comm consumers
- DGCI allows Serum Institute to export malaria vaccine to UK
- Upcoming cars launching in India in October 2022
- Gurgaon-based Indifi disbursed ₹2,800 crore worth of loans to small business owners