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Vibhuti Garg
What does it mean for power generation and energy security?
Not long ago, India faced coal shortages due to a decline in domestic coal production after mines flooded during the monsoons. That had more to do with developers not maintaining enough coal stockpiles than a decline in domestic coal production. Some of this shortfall in domestic supply from August to October 2021 was met through […]
Vibhuti Garg
The coal crisis must accelerate the push for renewables – and solar is now the prime low-cost source of electricity in India
A key takeaway from India’s coal crisis is the urgent need for the country to accelerate its transition to a secure, reliable and low-emissions electricity system. India faced huge coal shortages from mid-August to October 2021. Monsoons impact Coal India Ltd. (CIL) production every year, but this year was different – India witnessed an extended […]
Vibhuti Garg
Any knee-jerk reaction that urges more investment in coal completely misses the point
India is teetering on the brink of joining a growing global energy crisis. This burning issue is not only keeping coal power producers, distribution companies, and state governments awake at night, but also the Prime Minister’s Office, the Ministry of Power and the Ministry of Coal. Daily analysis of coal stocks is taking place at […]
Vibhuti Garg and Press Release
Renewables can help stabilise the grid and level costs amid the vagaries of coal stocks
29 September (IEEFA India): With electricity demand in India recently peaking, a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) explores the supply and demand conditions that led to recent price spikes in the evening peak hours, starting in August through to September 2021. Electricity demand in India has peaked and […]
Vibhuti Garg
Global shift of funds away from fossil fuels is accelerating
The International Energy Agency’s (IEA) Net Zero Emissions (NZE) roadmap by 2050 is compatible with the Paris goal of restricting the temperature increase to below 1.5 degree Celsius. As per the NZE roadmap, the use of unabated fossil fuels declines sharply to just over a fifth of the total energy supply. More than two-thirds of […]
IEEFA
Bloomberg ($): Coal India Ltd., the world’s biggest miner of the fossil fuel, is about to enter negotiations with trade unions over potentially hefty pay hikes at a time when the global push for clean energy is putting the industry’s future into doubt. The Indian coal giant is expected to begin talks this month that […]
Tim Buckley
While India doesn’t rely on export credit finance to fund new coal plants, there are material implications
The commitment by the Group of Seven (G7) nations, along with several other European Union nations, to stop international financing of coal power projects by the end of this year is another strong step towards putting the world on a path to limit global warming to 1.5-2.0°C. The agreement follows the International Energy Agency’s (IEA) […]
Guest Contributor: Gireesh Shrimali
Coal power producers face lower credit ratings under Paris-aligned energy transition
Climate change has created financial risks for business. These can be broadly categorised as physical and transition risks. Physical risk is easier to understand. It is essentially the impact of a changing climate on revenues as well as costs. A simple example is higher real estate operating costs due to increasing damages from floods under […]
Vibhuti Garg
India must exploit the growing pool of global capital as well as tap the resources of oil and gas majors pivoting to renewable energy
With U.S. climate envoy John Kerry’s visit to India a rumour of a potential net zero announcement by India is doing the rounds. A recent flurry of reports and commentary has thrown the spotlight on India’s emerging ‘net zero’ emissions position. Whether net zero is slated for 2050 to beat China by a decade, 2047 […]
Press Release and Charles Worringham
Proposed coal mining expansions at odds with excess supply
8 April 2021 (IEEFA India): India has stockpiled a record 132 million tonnes of coal – enough to run India’s power plants for two months – greatly exceeding the average of the previous five years, finds a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA). The note by analyst and […]
IEEFA: Global capital mobilising for India’s $500bn renewable energy infrastructure opportunity
The key domestic and international institutions driving renewable energy growth in India16 February 2021 (IEEFA India): A huge global capital pool is mobilising to invest in renewable energy and grid projects in India, according to a new IEEFA report, with pull factors including solar power tariffs hitting record lows, plunging solar module costs, record low interest rates, and the security of government-backed, 25-year power purchase agreements (PPAs). […]