ndia faces a dilemma – balancing its growing energy needs with its pledge to reduce greenhouse gas (GHG) emissions as part of its revised Nationally Determined Contributions (NDC) goals (45% lower GHG emissions compared to 2005 levels by 2030).
The early retirement of coal power plants is necessary to meet this target; however, the timing of these retirements is a point of contention amongst policymakers, plant owners, financiers and other stakeholders.
India has pushed back on the U.S. and Germany – leading the Just Energy Transition Partnership (JETP) negotiations – regarding including an early coal phase-out in the discussions. Instead, India has demanded that the JETP financing deal include renewable energy, technology transfer, and green jobs without discussing early coal retirement due to its increasing energy demands and socio-political sensitivity.
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Public Analysis of Investments and Sustainability Evaluation