Weather

India reopens 100 coal mines – Growth thanks to that?


NOT A LOT OF PEOPLE KNOW THAT

By Paul Homewood

The political leaders of developing countries face constant pressure to generate enough electricity for their people as they are being asked to reduce their dependence on fossil fuels. In a bold and rebellious move, India has ordered the reopening of more than 100 dormant coal mines to meet soaring domestic electricity demand.

The action is just one of many measures the country has taken to ensure a continuous supply of coal to power plants that generate more than 70% of the electricity consumed by the subcontinent’s industries and 1. ,3 billion people. Leaders in developing parts of the world are willing to wear the infamous badge that climate warningers give to those who reject their absurd policy proposals.

India’s Coal Minister said: “Earlier we were hailed as bad boys because we were promoting fossil fuels and now we get the news that we are not supplying enough fuel. this,” said India’s Coal Minister. chameleons and global hypocrisy about fossil fuels.

The post-pandemic economic recovery has pushed electricity demand to unprecedented levels, leading to the rapid depletion of coal stocks at power plants and threatening serious consequences for individual lives. and major industrial processes.

Consistent with recent policies, India has once again chosen to prioritize energy production over climate policies. The number of mines that will reopen is expected to soon reach nearly 200.

In fact, the government is going as far as to remove the mandatory technical requirements for the immediate operation of these mines. “With the mine developer and operator model already in place, companies bidding for closed mines do not need to be technically qualified to do the mining work and the same can be outsourced when pay a fee,” said a coal ministry official.

In addition, the government ordered remove environmental regulations that is needed before the coal mines in operation can increase production. In a memorandum, the government asked operating mines to increase production by up to 40%. Forget strict international climate regulations, the country is adopting local environmental regulations to meet energy needs. We believe that times of despair call for desperate measures.

There are talks about providing loans to increase domestic coal production. Business standards report that “leading miners, including Adani Enterprises, Vedanta and Essel Mining, have informed the coal ministry that they will be interested in adding major investments to expand coal production. This means they will need more bank financing – marking a reversal of the climate change agenda. And the government is keen to walk the extra mile to make that happen.”

The federal government has also ensured that new funding mechanisms will be in place for its thermal power plants to purchase more imported coal from countries like Indonesia. Don’t forget, the country’s railways suspended many commercial passenger trains to free up tracks for coal-powered trains.

These measures are just the beginning of the dominance of fossil fuels as an energy source in a country that will see the world’s fastest electricity demand growth over the next two decades. Last November, India’s prime minister pointed to the colonial mindset of Western political leaders when it came to energy freedom in developing parts of the world.

India’s power generation custodians embrace the “bad boy” card to ensure that 1.3 billion people have reliable and affordable electricity. However, their legacy can be a wisdom while those who cling to fake scientific forecasts about the climate put their people in economic decline.

Vijay Jayaraj is a Research Associate at CO2 Alliance, Arlington, Va., and holds a Master’s degree in environmental science from the University of East Anglia, UK. He resides in Bengaluru, India.

https://www.realclearenergy.org/articles/2022/05/31/indias_bad_boys_reopen_100_coal_mines_as_demand_skyrockets_835058.html

I can’t understand why they don’t build loads of solar farms, which the renewable corridor assures us is the cheapest source of electricity right now?


4.7
7
votes

Post Rating



Source link

news7g

News7g: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button