India approves new coal projects amid a shrinking global pool
New Delhi, March 31 -- India continues to endorse new coal-fired generation projects at a time when thermal projects are shrinking across the world, as concerns mount on rising emissions and tightening of credit.
A report released jointly by Global Energy Monitor, Greenpeace India and the Sierra Club (US) shows the number of coal-fired plants under development has seen a sharp fall in 2018 for the third year on the trot.
The findings of the report 'Boom and Bust 2019: Tracking the Global Coal Plant Pipeline' are disturbing for the coal sector. Its findings include a 20 per cent drop in newly completed coal plants (53 per cent in the past three years), a 39 per cent drop in new construction starts (84 per cent in the past three years), a...
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