Posted on : 11-12-2023 | Author : Shilpa Samant
The Power Ministry of India has emphasized its stance against singling out coal for reduction of emissions, asserting that targeting a specific fossil fuel could undermine the broader fight to cut emissions, sources familiar with the matter disclosed. In response to an initiative proposing the phase-out of unabated coal at COP28, the Ministry highlighted the importance of viable storage and abatement technologies before agreeing to such a move.
India, not signing the Global Renewable Energy and Energy Efficiency Pledge at COP28, refrained due to the pledge's focus on phasing down unabated coal power. Emphasizing the significance of stable and affordable energy sources, especially as India's energy demand is continuously rising, the ministry clarified its commitment to adding clean energy capacities, aiming for 500 GW of renewable energy capacity by 2030.
While India is committed to achieving its nationally determined contributions (NDCs) and fostering a non-fossil fuel installed electricity capacity of 50% by 2030, the country also underscores the challenges related to renewable energy, which isn't consistently available round the clock. The Power Ministry outlined the necessity of balancing clean energy goals with ensuring uninterrupted power availability, aiming to add 80 GW of thermal capacity by 2032.
The Ministry advocated for a fairer distribution of the remaining carbon space, highlighting the need for developed countries to accelerate their mitigation efforts, thereby allowing developing countries a reasonable share. This stance reflects India's emphasis on balancing emission reduction with ensuring stable energy supply for its growing needs.