India alone is home to 7 per cent (21GW) of the global coal project pipeline, which is 56 per cent of South Asia’s total, a study showed on Tuesday, with the country moving slowly away from coal at a national level, however considerable progress is being made at the state level.
Four countries in South Asia — Bangladesh, India, Pakistan and Sri Lanka — have previously considered or are currently considering coal. Together, they account for 13 per cent of the global pre-construction pipeline (37.4GW), said a new report by climate change think tank E3G that assessed the global pipeline of new coal projects.
It finds there has been a 76 per cent reduction in proposed coal power since the Paris Agreement was signed in 2015, bringing the end of new coal construction into sight.
The report says Sri Lanka, Bangladesh and Pakistan are showing leadership in cancelling projects and making political statements that they will no longer pursue new coal power.
In India, significant socio-economic headwinds to new coal have led to state-level commitments to no new coal, opening a pathway for national-level progress.
Having considered new coal-fired power projects for a number of years, Sri Lanka is now leading the way in South Asia.