Coal is increasingly falling out of favor as a potential energy source in India. Despite being the world’s second-largest producer and importer, the fossil fuel is becoming less attractive to potential investors because it’s too expensive relative to renewable energy alternatives such as wind and solar power. In recent months, power supply auctions have shown that renewables can be offered at less than 3 rupees (4 cents) per kilowatt hour, a tariff that coal-fired generators have difficulty matching. On top of that, there is zero chance that new coal generators can produce electricity at rates competitive to renewables, given higher capital and operating costs. The increasing trend of choosing greener alternatives like wind and solar over coal shows that there is still potential to decarbonize our electricity system fast enough to meet the IPCC’s targets.
Coal is giving way to renewables in India’s energy future
More of Today's Solutions
This simple Blue Zone habit can improve your longevity
How often do you find yourself sitting on the floor in your day-to-day life? It turns out, sitting on the floor, while it may ...
Read MoreMeaningful moments: how to make family gatherings more engaging over the holi...
During the holiday season, the spirit of family togetherness is sometimes overshadowed by family tensions and unavoidable disputes. Caroline Maguire, M.Ed., a recognized childcare specialist ...
Read MoreImprove your daily routine: a neuroscientist’s advice to strengthening ...
BY THE OPTIMIST DAILY EDITORIAL TEAM In today's fitness-focused society, the importance of brain training is frequently overlooked. Daniel Amen, M.D., draws on over ...
Read MoreLA homelessness declines for a second consecutive year
BY THE OPTIMIST DAILY EDITORIAL TEAM Los Angeles County’s homelessness crisis has long loomed large, but new data offers a rare glimmer of progress: ...
Read More
