RENEWABLE ENERGY

India’s renewable power targets will lead to earlier phase-out of coal

The announcements made by India at the recently-concluded United Nations COP26 summit in Glasgow are all set to mark a historic beginning towards terminal decline of coal.

Even though the country opposed the commitment to phase out coal, latest analysis by Centre for Research on Energy and Clean Air (CREA) reveals that the country’s target of renewable power generation capacity of 500 gigawatt (GW) by 2030 will likely provide all of India’s additional electricity demand without increasing power generation from coal.

According to the report titled ‘Powering Down Coal — COP26’s Impact on the Global Coal Power Fleet’, coal-fired generation of electricity will likely increase in the next few years in India, and then peak and decline as the addition of clean energy capacity accelerates towards the target. “This means that there is no case for adding new coal-fired power capacity. Also, the 500 GW target will already start the phase-down of coal in the country,” the analysis stated.

Researchers further highlighted that the country’s 2070 carbon neutrality target date leaves ample space for existing coal power plants to run until their conventionally assumed operating lives, implying no early retirement.

“The target of reaching renewable power generating capacity of 500 GW by 2030, up from 100 GW currently, will likely provide all of India’s additional electricity demand without increasing power generation from coal,” they said.

Source
ET Energy World
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