India wants to provide its entire population with electricity and lift millions out of poverty, but in order to prevent the world overheating it also needs to switch away from fossil fuels. Although India is blessed with ample sunshine and wind, its main source of energy is coal, followed by oil and gas. Together, they provide around 90% of the total energy demand of the subcontinent – India, Pakistan and Bangladesh – with coal enjoying the highest share, at more than 70%. The 2016 BP Energy Outlook report assumes that India will depend increasingly on imports for its energy. Domestic production can be increased, but the increase will be overtaken by growing demand. BP says that by 2035 gas imports to India will rise by 573%, oil imports by 169% and coal by 85%. But that assumes that renewables will not take off in India. Others think differently. Bloomberg New Energy Finance reckons that by as early as 2020 large photovoltaic ground-mounted systems will be more economical in India than plants powered by imported coal.
Climate News Network 21st Oct 2016 read more »