India to Launch Green Coal Financial Package
13 Oct 2023
2 Min Read
CW Team
India's Union Minister of Coal, Mines, and Parliamentary Affairs, Pralhad Joshi, has announced that a financial package aimed at supporting sustainable coal mining and promoting green coal technology will be launched soon. The announcement came during the valedictory session of the National Workshop on "Global Experience Sharing on Just Transition," organised by the Ministry of Coal.
Joshi emphasised the need to address the issue of abandoned coal mines and noted that India's electricity consumption is only one-third of the global average. He highlighted that India is among the top five solar power-producing countries in the world.
In the pursuit of a just transition in the coal sector, Joshi stressed the importance of adequately addressing the aspirations of grassroots-level communities. He also mentioned that Coal India Limited and its subsidiary units are actively focused on Clean Coal Technologies.
Coal Secretary Amrit Lal Meena, in a keynote address, pointed out that enhanced domestic coal production is contributing to India's economic growth. He emphasised the necessity of establishing a dedicated organisation with a strong institutional framework for the scientific closure of abandoned coal mines.
Additional Coal Secretary M. Nagaraju underlined the magnitude of the task at hand, stating that more than 300 abandoned coal mines need to be closed in an environmentally beneficial manner. He expressed optimism about the workshop's role in creating a knowledge bank for this purpose, and he mentioned that as a pilot project, 3-4 coal mines will be selected for scientific closure.
Dr. Anil Kumar Jain, Chairman of the Petroleum and Natural Gas Regulatory Board (PNGRB) and former coal secretary, highlighted the global energy transition momentum, emphasising the need for an effective technology framework for meaningful mine closure and rehabilitation.
The workshop featured five-panel discussions and breakout sessions, with participation from experts in the coal sector from both India and abroad, as well as experts from the World Bank.
India's Union Minister of Coal, Mines, and Parliamentary Affairs, Pralhad Joshi, has announced that a financial package aimed at supporting sustainable coal mining and promoting green coal technology will be launched soon. The announcement came during the valedictory session of the National Workshop on Global Experience Sharing on Just Transition, organised by the Ministry of Coal.
Joshi emphasised the need to address the issue of abandoned coal mines and noted that India's electricity consumption is only one-third of the global average. He highlighted that India is among the top five solar power-producing countries in the world.
In the pursuit of a just transition in the coal sector, Joshi stressed the importance of adequately addressing the aspirations of grassroots-level communities. He also mentioned that Coal India Limited and its subsidiary units are actively focused on Clean Coal Technologies.
Coal Secretary Amrit Lal Meena, in a keynote address, pointed out that enhanced domestic coal production is contributing to India's economic growth. He emphasised the necessity of establishing a dedicated organisation with a strong institutional framework for the scientific closure of abandoned coal mines.
Additional Coal Secretary M. Nagaraju underlined the magnitude of the task at hand, stating that more than 300 abandoned coal mines need to be closed in an environmentally beneficial manner. He expressed optimism about the workshop's role in creating a knowledge bank for this purpose, and he mentioned that as a pilot project, 3-4 coal mines will be selected for scientific closure.
Dr. Anil Kumar Jain, Chairman of the Petroleum and Natural Gas Regulatory Board (PNGRB) and former coal secretary, highlighted the global energy transition momentum, emphasising the need for an effective technology framework for meaningful mine closure and rehabilitation.
The workshop featured five-panel discussions and breakout sessions, with participation from experts in the coal sector from both India and abroad, as well as experts from the World Bank.
Next Story
Reliance, Diehl Advance Pact for Precision-Guided Munitions
Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..
Next Story
Modis Navnirman to Migrate to Main Board, Merge Subsidiary
Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..
Next Story
Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025
The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..
