By Vijay Raj Jayaraj~
We have a crisis in India, and it is not with the climate. Power plants for the world’s second largest consumer of coal are running out of stock, leaving a billion people at the risk of blackouts and forcing industries to close facilities.
To resolve the situation, the Indian government has authorized increased importation of thermal coal, removed all import duty on coal, is reopening hundreds of closed coal mines, and has asked existing domestic mines to produce at unprecedented rates. The country has even canceled dozens of commercial trains to make room for the freight trains that carry coal.
Coal-fired plants produce more than 70 percent of all electricity consumed by India’s 1.3 billion people. Indicating greater demand, coal-based electricity registered a 3.12 percent increase in March 2022 compared to a year ago. Coal shortages can have a devastating effect on the Indian economy.
For the past…
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