Narendra Modi is to slash India’s coal consumption as a part of a deal made at the Paris Summit. However, it will only be so if funding for renewable resources takes place.
India is all set to become the largest importer of coal by 2020. That is why a deal is in the making for India to cut back on coal consumption. However, the deal is conditional. New energy sources that are renewable in their nature must be provided by the participators in the Paris Summit.
That is the gist of the matter. The importing of coal in India is expected to burgeon out of control within the next half a decade or so. The level of industrialization that India is to undergo is going to be huge as the century progresses along its path.
But if the necessary payments were made by various funding agencies regarding the costly renewable energy sources, then India’s PM Narendra Modi might think about slashing coal usage by a considerable amount. It is actually a helping hand lent by the superpowers to a country that is in the process of climbing the ladder of development.
“We look forward to an agreement that enables financial support from the countries that have developed on the backs of cheap energy, to those who have to meet their energy with more expensive but low carbon energy,” Ajay Mathur told BBC.
By the time 2020 arrives in its full mode, 1.5 billion tons of coal will be imported to Indian soil each and every year. This is a colossal amount indeed.
India’s PM has reiterated that the developed world bears the brunt of the burden with regards to coaxing the Third World out of its dependence upon carbon-heavy energy sources. Modi wants change, but it won’t come easily.
A time of teething troubles is inevitable before the full-fledged usage of clean power sources ensues. Solar and wind energy are at the top of the list. Hydroelectric and nuclear energy are to be pursued too since they are relatively benign forms of energy generation.
The remaining energy deficit will be made up for by using traditional resources such as coal, gas and oil though. This much is to be expected. Modi is sincere in his intentions. What remains to be seen is whether the plan will be followed through.
“We are very clear that solar and wind is our first commitment, hydro and nuclear all of these noncarbon sources are what we will develop to the largest extent we can,” said Mathur. “What cannot be met by these will be met by coal.”
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Cutting coal consumption for the sake of forestalling climate change is the need of the times. Since a major part of the population of India is dependent upon coal, this will be a difficult proposal. The 300 million people who cannot do without coal in their daily lives will have to be weaned away from its consumption.