As coal is unavoidable in the near future renewable energy goals need to be gradual ensuring an orderly transition. Explain (200 Words)
Refer - Indian Express
Enrich the answer from other sources, if the question demands.
IAS Parliament 2 years
KEY POINTS
· The introduction of the national coal index (NCI) was created to provide a benchmark for revenue-sharing contracts being executed after the auctions for commercial mining of coal.
· The NCI had to be introduced as the wholesale price index (WPI) for coal has no component of imported coal.
· NCI has jumped from about 165 to about 238 reflecting the sharp increase in international coal prices.
· The domestic coal industry has responded to this situation with an increase of over 30 per cent in coal production. This has helped reduce inflationary pressures in the economy.
· This development shows the importance of increasing domestic coal production to reduce the exposure of the domestic economy to the price volatility of international markets.
· The Ministry of Power recognised the need to increase coal-based generation in the country in its draft National Electricity Policy released in May 2021, before the present crisis erupted.
· Looking at coal from a singular focus on GHG emissions will give a myopic view of energy requirements for a growing economy like India.
· The path to achieving 500 GW of renewables needs to be gradual, ensuring an orderly transition as coal is unavoidable in the near future.
Aravind R 2 years
Kindly review this mam/sir
IAS Parliament 2 years
Good answer. Keep Writing.
K. V. A 2 years
Kindly review
IAS Parliament 2 years
Try to include data about renewables. Keep Writing.
