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India meets renewable target early, yet coal keeps burning

CNBC · New
CNBC
CNBC
New

Vibhuti Garg, Director for South Asia at the Institute for Energy Economics and Financial Analysis, says carbon capture hasn’t delivered the expected benefits. Costs have remained high over the years, making it one of the most expensive ways to clean up coal.

Breakdown
  • Coal still accounts for 44% of India's installed capacity and 70% of electricity generation. 23s
  • Clean coal technologies like CCS remain expensive and have not met expectations. 37s
  • Renewable energy and storage costs are decreasing, making them more viable than CCS. 1m 7s
  • LNG is not a reliable transitional fuel due to price volatility and high costs. 2m 1s
  • Domestic renewables offer greater energy security compared to imported LNG. 2m 38s
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