According to reports by The Energy and Resource Institute Delhi on Monday 13th of February, if the cost of renewable energy and storage in India drops continually, there won’t be need to build another coal plant after 2025 and by 2050, the country would completely cut out coal power.
India is one of the world’s largest and fast growing polluters; and if the drop in cost is consistent, the country’s carbon emission will be slashed by 600 million tonnes (10%) by 2030.
Director General of TERI, Ajay Mathur confidently said “This is perfectly achievable if government gets its policies right. India’s power sector could be coal-free by 2050.” He also added that if the cost of both renewables and battery storage keep falling at their current courses, they will weaken coal in less than a decade, and India will switch to renewable energy sources fully, setting aside all coal power plants in the country.
The country is devoted to generating 40% of its electricity from renewables by 2030, including 175 gigawatt of renewable energy capacity by 2020.