Released between G20 and COP28, a new book looks at the role of coal in India's Just Energy Transition. Here's why it's a good read for ESG investors, sustainability officers, policy makers
It is definitely clear that as a growing economy with energy consumption at 1/3 the global average, India's electricity supply must grow massively to meet the burgeoning demand. However, I think the "dilemma" is false in that it assumes coal is cheaper/more reliable than RE. This was true 10 years ago, but is simply not true today. (https://energywithalex.wordpress.com/2023/06/17/why-is-coal-re-so-much-more-expensive-than-storage-re/)
Thanks for sharing the "CSV" model, which I hope can be applied in India. That said, Renewable is already creating thousands of jobs and livelihoods in India today. While we certainly need to be concerned about the just transition for mining-dependent districts, the overall economic opportunities provided by lower-cost power, cleaner air and water (boosting agriculture incomes) and reallocation of capital outweigh the social costs.
Thanks for the shout-out!
It is definitely clear that as a growing economy with energy consumption at 1/3 the global average, India's electricity supply must grow massively to meet the burgeoning demand. However, I think the "dilemma" is false in that it assumes coal is cheaper/more reliable than RE. This was true 10 years ago, but is simply not true today. (https://energywithalex.wordpress.com/2023/06/17/why-is-coal-re-so-much-more-expensive-than-storage-re/)
Thanks for sharing the "CSV" model, which I hope can be applied in India. That said, Renewable is already creating thousands of jobs and livelihoods in India today. While we certainly need to be concerned about the just transition for mining-dependent districts, the overall economic opportunities provided by lower-cost power, cleaner air and water (boosting agriculture incomes) and reallocation of capital outweigh the social costs.