End coal subsidies, UN Secretary-General tells Indian government

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 63%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

BANGALORE - The United Nations' Secretary-General called the Indian government's growing investment in coal 'deeply troubling' on Friday (Aug 28) and warned that expanding fossil fuel subsidies is 'a human disaster and bad economics' that only means 'more deaths and rising healthcare costs.'. Read more at straitstimes.com.

BANGALORE - The United Nations' Secretary-General called the Indian government's growing investment in coal"deeply troubling" on Friday and warned that expanding fossil fuel subsidies is"a human disaster and bad economics" that only means"more deaths and rising healthcare costs".

Mr Guterres said it makes"no commercial sense" to double down on domestic coal and open up coal auctions. As the cost of renewables falls, and 39 per cent of coal plants become uncompetitive - some 60 per cent could become so in 2022 - the world's largest investors are increasingly abandoning coal, he added.Coal provides about half of India's commercial primary energy supply today and is the dominant fuel for power production.

He spoke of India's role in building stable, inclusive economies and staving off the threat of climate change. This meant"ending fossil fuel subsidies, placing a price on carbon pollution and committing to no new coal after 2020", he added. At the same conference where Mr Guterres spoke, Indian External Affairs Minister S. Jaishankar highlighted Prime Minister Narendra Modi's lead in creating the International Solar Alliance and getting 67 countries to sign a framework agreement.

New regulations allow power plants to now use low-grade Indian coal that produces more fly ash, as long as they meet emissions norms and control pollution.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Exclusive: Alibaba puts India investment plan on hold amid China tensions, sources sayChina's Alibaba Group has put on hold plans to invest in Indian companies, two sources aware of the plans told Reuters, amid souring business ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Alibaba puts India investment plan on hold amid China tensions, sources sayChina's Alibaba Group has put on hold plans to invest in Indian companies, two sources aware of the plans told Reuters, amid souring business ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Exclusive: Alibaba puts India investment plan on hold amid China tensions - sourcesChina's Alibaba Group has put on hold plans to invest in Indian companies, two sources aware of the plans told Reuters, amid souring business ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Exclusive: Facebook says Apple rejected its attempt to tell users about App Store feesFacebook Inc on Thursday told Reuters that Apple Inc rejected its attempt to tell users the iPhone maker would take a 30per cent cut of sales in a ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

CECA 'does not give special treatment to Indian nationals'THE India-Singapore Comprehensive Economic Cooperation Agreement (CECA) does not give Indian nationals automatic access to citizenship, permanent residence or employment in Singapore, a Ministry of Trade and Industry spokesperson said on Thursday, in response to media queries. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Indians seek out fortune tellers to fight COVID-19 bluesIn his golden-hued office, decked out with peacock feathers and crystal balls, Indian mystic healer and astrologer Sanjay Sharma is busy offering ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »