iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Coal demand likely to increase by 63% by 2030: Centre

24 Mar 2022 , 04:14 PM

In India, the transition away from coal is not happening in foreseeable future. Although there will be a push for renewable/non-fossil based energy, but a share of coal in the energy basket is going to remain significant in the years ahead. Coal demand in the country is yet to peak, Ministry of Coal said.

The draft Economic Survey 2021-22 projects coal demand in the range of 1.3-1.5 billion tonnes by 2030, an increase of 63 per cent from the current demand. Thus, as of now, there is no scenario of transition away from coal affecting any stakeholders involved in coal mining.

This information was given by the Union Minister of Coal, Mines and Parliamentary Affairs Pralhad Joshi in a written reply in Lok Sabha.

However, the Ministry of Coal has constituted a Sub-Committee to look into holistic closure of abandoned/legacy mine sites and mines closing due to exhaustion of reserves, viability issues etc., and involving social aspects of mine closure on principles of just transition in addition to physical and environmental closure.

Related Tags

  • coal
  • Coal demand
  • Economic Survey 2021-22 projects
  • Ministry of Coal
  • Pralhad Joshi
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.