by The announcement that the Indian state of Gujarat will allow no new thermal coal plants seems like a really big deal. First up, it’s striking that a state with electricity demand growing at 8-10 per cent a year has concluded that it can meet this demand entirely with renewables. That’s totally contrary to the line pushed by the government and coal lobby here in Australia, suggesting that rapid growth in electricity demand can only be met by coal. Second, Gujarat is the home ground of both Indian PM Modi and his most notable crony, Gautam Adani. And, it appears, the decision has been motivated in large measure by the disaster that is Adani Power’s Mundra plant. As AECOM, Worley Parsons and many others in Australia can confirm, anyone who deals with Adani has a high risk of
Topics:
John Quiggin considers the following as important: Uncategorized
This could be interesting, too:
Lars Pålsson Syll writes DSGE models — a total waste of time
Peter Radford writes Lost opportunities?
Bill Haskell writes Very Ill Again
Dean Baker writes The problem with electric vehicles
The announcement that the Indian state of Gujarat will allow no new thermal coal plants seems like a really big deal.
First up, it’s striking that a state with electricity demand growing at 8-10 per cent a year has concluded that it can meet this demand entirely with renewables. That’s totally contrary to the line pushed by the government and coal lobby here in Australia, suggesting that rapid growth in electricity demand can only be met by coal.
Second, Gujarat is the home ground of both Indian PM Modi and his most notable crony, Gautam Adani. And, it appears, the decision has been motivated in large measure by the disaster that is Adani Power’s Mundra plant. As AECOM, Worley Parsons and many others in Australia can confirm, anyone who deals with Adani has a high risk of getting burned.
This is just one announcement, and perhaps it will be reversed. But, on the face of things, it seems like a huge step towards the end of coal-fired electricity, and a huge blow to the ambitions of the Adani Group in Australia.