No financial aid, no exit: IEA chief backs India on coal
COAL & MINING

No financial aid, no exit: IEA chief backs India on coal

Backing India's stand on continuing with coal as an energy source, International Energy Agency (IEA) chief Fatih Birol told the media on Wednesday that it would not be fair to ask developing nations to stop coal usage without giving international financial assistance to make up for the economic challenge from such a move.

Birol, whose energy agency is a policy adviser for members of the Organisation for Economic Co-operation and Development, said India, China, and Indonesia, produce more than 60% of electricity from coal and the average age of their coal fired plants is 11 years as compared to 40 years in Europe. He said the problem of concentration of carbon in the atmosphere has lasted “almost last 100 years” and that nations such as the US, Japan and European nations developed and enriched themselves “by using a lot of coal”.


4th Indian Cement Review Conference 2021

17-18 March 

Click for event info


Last month, IEA said India would make up the biggest share of energy demand growth at 25% over the next two decades, as it surpasses the European Union as the world's third biggest energy consumer by 2030.

India depends on coal for 60% of its energy, and coal and associated sectors are major employment generators, Birol said at the Energy Horizons Leadership Dialogue organised by Council on Energy, Environment and Water (CEEW).

Last year, UN Secretary General Antonio Guterres had called on India to move away from coal and other fossil fuel based economic growth and fully adopt renewable energy. India has maintained that it is not a polluter and cause of climate change and has voluntarily committed to work on reducing greenhouse gas emission intensity of its GDP by 33%-35% below 2005 levels, by 2030.

Image Source


Also read: CIL set to venture into aluminium, solar

Backing India's stand on continuing with coal as an energy source, International Energy Agency (IEA) chief Fatih Birol told the media on Wednesday that it would not be fair to ask developing nations to stop coal usage without giving international financial assistance to make up for the economic challenge from such a move. Birol, whose energy agency is a policy adviser for members of the Organisation for Economic Co-operation and Development, said India, China, and Indonesia, produce more than 60% of electricity from coal and the average age of their coal fired plants is 11 years as compared to 40 years in Europe. He said the problem of concentration of carbon in the atmosphere has lasted “almost last 100 years” and that nations such as the US, Japan and European nations developed and enriched themselves “by using a lot of coal”.4th Indian Cement Review Conference 202117-18 March Click for event info Last month, IEA said India would make up the biggest share of energy demand growth at 25% over the next two decades, as it surpasses the European Union as the world's third biggest energy consumer by 2030. India depends on coal for 60% of its energy, and coal and associated sectors are major employment generators, Birol said at the Energy Horizons Leadership Dialogue organised by Council on Energy, Environment and Water (CEEW). Last year, UN Secretary General Antonio Guterres had called on India to move away from coal and other fossil fuel based economic growth and fully adopt renewable energy. India has maintained that it is not a polluter and cause of climate change and has voluntarily committed to work on reducing greenhouse gas emission intensity of its GDP by 33%-35% below 2005 levels, by 2030. Image Source Also read: CIL set to venture into aluminium, solar

Next Story
Infrastructure Urban

What Industry Wants!

The construction industry is gearing up for Budget 2025 with high expectations. As one of India’s key economic drivers, the sector is eagerly anticipating reforms and policies to address pressing challenges such as high input costs, funding gaps, and sustainability demands. Industry leaders across real estate, infrastructure, construction materials, and logistics have shared their wishlists, urging the government to focus on GST rationalization, increased CAPEX, and green initiatives.This year’s budget presents an opportunity for the government to not only tackle existing bottlenecks but a..

Next Story
Infrastructure Urban

Messe Stuttgart, Startup India Tie-Up to Boost Funding

The logistics market in India is poised for significant growth, with a projected revenue of $357.3 billion by 2030. Despite this huge potential, a recent McKinsey & Company report highlights the decline in logistics funding following the pandemic that remains a significant concern. After receiving unprecedented funding of $25.6 billion in 2021, venture capital investment in logistics startups fell sharply to $2.9 billion in 2023—a nearly 90 per cent decrease, marking the lowest since 2015. This pullback from investors is attributed to several factors, including high interest rates, a glo..

Next Story
Infrastructure Transport

JK Tyre Strengthens Road Safety Commitment

Reinforcing its unwavering commitment to road safety, JK Tyre & Industries, a leader in the tyre manufacturing industry, partnered with the Delhi Traffic Police to organise a comprehensive Road Safety Awareness Week. This initiative, held as part of National Road Safety Month (January 1–31, 2025) spearheaded by the Ministry of Road Transport and Highways (MoRTH), aimed to foster responsible driving habits and reduce road accidents. Under the theme ‘Sadak Suraksha Jeevan Raksha,’ the initiative commenced on January 16, 2025, at the Delhi Police Traffic Training Park, BKS. The program feat..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000