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by distances
1515 days ago
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And is there any sentiment that this is caused by climate change, and coal phase out should be accelerated? I get the immediate need for electricity, but talk about increasing coal stocks sounds weird nonetheless in light of what the goals are now in Western countries. |
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But if talk of an "accelerated coal phase out" were to come up, it will face some pushback and phasing-out pace will only be in line with development and growth targets. I wouldn't be surprised if politicians point to emissions by developed nations over the years and term India as a victim of it.
Consumers would happily switch to EVs that are priced right. That shift may occur fairly quickly. The grid going hybrid is a work in progress. Coal is now showing how "elastic" it can be to meet demand spikes like these, so it may stick around longer.