2024-02-07 06:40:00
INDIA NEED COAL ENERGY
BLOOMBERG- Feb 3, 2024 - India is set to launch a carbon capture policy that it says will allow it to keep exploiting its vast coal resources and deal with its growing emissions, according to to a top government energy adviser.
The policy is expected to be unveiled later this year – should Prime Minister Narendra Modi’s government retain power in upcoming elections — and will include incentives for companies to trap, recycle and where possible store their emissions underground, said Rajnath Ram, energy adviser at Niti Aayog, the policymaking branch of the Indian government.
“The power sector generates 42% of India’s total emissions,” Ram said in an interview. “We estimate that 70% of that can be captured and recycled through carbon capture.”
To match increasingly steep demand peaks and avoid blackouts, aggressive renewable deployment is not enough, Ram said. “In the absence of storage, you need to add at least the same amount of thermal capacity. We have abundant coal and we want to use it, in a sustainable way.”
Most climate scenarios deem some amount of carbon removal essential to curb climate change, yet the technologies are still in their infancy, and most project have proved unviable due to high cost and low efficiency.
Around 40 Carbon Capture and Storage units are currently online globally, and 50 more are expected to enter operation by 2030, a pace far too slow to reach carbon neutrality by mid century, according to the International Energy Agency.
India is already exploring coal gasification, for which it is setting aside 85 billion rupees ($1 billion) in subsidies to help get projects off the ground. The early-stage technology, which turns coal into gas to generate electricity, results in marginally lower emissions compared to conventional coal firing.
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Earlier:
2024, February, 2, 06:55:00
INDIA NEED OIL REFINING
India’s refining capacity is projected to increase by 56 million tons by 2028, Junior Oil Minister Rameswar Teli said last month, without elaborating. That equates to an overall capacity boost of 22%, or 1.12 million barrels a day.
2024, February, 2, 06:50:00
INDIA NEED MORE COAL
India recorded a peak electricity demand of 243 gigawatts last year, exceeding the power ministry’s projections of 229 gigawatts and prompting the ministry to push for more coal power. Maximum demand is expected to jump to 366 gigawatts by 2032.
2023, December, 21, 06:35:00
INDIA'S ENERGY DEMAND WILL UP
In November, days ahead of the UN Climate Change Conference in Dubai, India's power minister RK Singh said the country would need to add 80 GW of new thermal capacity by 2031-2032 to meet demand.
2023, November, 30, 06:50:00
INDIA NEED COAL
In the next four months, India plans to add nearly 3 gigawatts of coal-fired generation, while the following fiscal year, starting from April 1, 2025, will see it add 14 gigawatts, or its highest level in eight years.
2023, November, 17, 06:55:00
INDIA'S OIL DIVERSIFICATION
Oil ministry officials said India diversified its sources to import crude from as many as 39 nations and hoped the return of OPEC member Venezuela would add to the country's list of steady suppliers.
2023, November, 3, 06:45:00
INDIA NEED VENEZUELA'S OIL
India, the world's third biggest oil importer and consumer, ships over 80% of its oil needs from overseas and wants to cut its crude import bill.
2023, September, 22, 06:40:00
INDIA NEED ELECTRIFYING
Transportation in India contributes 14% of CO2 emissions (ICCT 2022), with 90% of energy used by road transport (Hagemann et al., 2020) and 50% of oil demand (IEA 2021). Amidst economic growth, addressing energy use and decarbonization is vital.
