Global investors move to renewable as coal demand dips in India
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Global investors move to renewable as coal demand dips in India, Energy News, ET EnergyWorld

New Delhi: Two reports on Tuesday looked into coal demand in India’s electricity mix and global financial flows moving to renewable energy industry.

A week earlier, International Energy Agency’s (IEA) India energy outlook said India would need a massive investment of $1.4 trillion if it were to aim for net zero by mid 2060.

Much of this could come in from estimated savings due to reduced oil import bills. However, in addition to this, India could very well attract international investors.

The two new reports, one by IEEFA highlights various pull factors that make India’s renewable energy sector attractive for foreign direct investments and another by energy think tank Ember reveals India’s coal power has continued to decline since reaching…

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