Low-grade imports raise India's coal emissions
22 Aug 2023
2 Min Read
CW Team
India's yearly coal emissions were projected to reach new heights in 2023. This was due to the power sector having released record amounts of carbon dioxide in the first half of the year. Additionally, there was an increase in the import of low-quality and highly polluting coal on the global market.
In the initial six months of 2023, Indian power producers emitted more than 500 million tonnes of CO2 through the combustion of coal. This marked a 4% increase compared to the same timeframe in 2022, during which a new annual record for coal power emissions had been established.
The power utilities in India use a combination of domestically-sourced low-grade coal and imports to fuel their power plants. The importation of coal serves as an early indicator of the potential emissions from major coastal power facilities, some of which are the largest in the nation.
Approximately 80% of India's thermal coal imports during the first half of 2023 originated from countries such as Indonesia, South Africa, and Russia. These nations are known for primarily exporting thermal coal of inferior quality, which emits both CO2 and sulphur dioxide upon combustion in power plants. Furthermore, around 7% of India's thermal coal imports came from Australia.
Australia is known for supplying coal that burns more cleanly compared to that of other global markets.
However, there appears to be a future decline in the availability of Australian coal due to China, the leading global coal importer, having resumed coal trade with Australia following an improvement in bilateral relations.
Consequently, the reduced access to Australian coal on the global market is anticipated to result in higher Australian coal prices compared to competing grades. This shift is likely to direct buyers who are sensitive to costs towards suppliers that offer coal of lower quality and at a more affordable price.
Also read:
Bahrain Steel partners with Essar Group for Green Steel Initiative
CM Gehlot approves Rs 246.81 bn investment boost for Rajasthan's growth
India's yearly coal emissions were projected to reach new heights in 2023. This was due to the power sector having released record amounts of carbon dioxide in the first half of the year. Additionally, there was an increase in the import of low-quality and highly polluting coal on the global market.
In the initial six months of 2023, Indian power producers emitted more than 500 million tonnes of CO2 through the combustion of coal. This marked a 4% increase compared to the same timeframe in 2022, during which a new annual record for coal power emissions had been established.
The power utilities in India use a combination of domestically-sourced low-grade coal and imports to fuel their power plants. The importation of coal serves as an early indicator of the potential emissions from major coastal power facilities, some of which are the largest in the nation.
Approximately 80% of India's thermal coal imports during the first half of 2023 originated from countries such as Indonesia, South Africa, and Russia. These nations are known for primarily exporting thermal coal of inferior quality, which emits both CO2 and sulphur dioxide upon combustion in power plants. Furthermore, around 7% of India's thermal coal imports came from Australia. Australia is known for supplying coal that burns more cleanly compared to that of other global markets.
However, there appears to be a future decline in the availability of Australian coal due to China, the leading global coal importer, having resumed coal trade with Australia following an improvement in bilateral relations.
Consequently, the reduced access to Australian coal on the global market is anticipated to result in higher Australian coal prices compared to competing grades. This shift is likely to direct buyers who are sensitive to costs towards suppliers that offer coal of lower quality and at a more affordable price.
Also read:
Bahrain Steel partners with Essar Group for Green Steel InitiativeCM Gehlot approves Rs 246.81 bn investment boost for Rajasthan's growth
Next Story
RentenPe and Mygate Partner to Transform Rent Payments in India
Through a strategic partnership, RentenPe and Mygate aim to streamline rent payments and promote financial inclusion by enabling rent-based credit scores for Indian renters. RentenPe, India鈥檚 first Rent Credit Score鈩� platform and a pioneer in rental fintech innovation, has entered a significant alliance with Mygate, the leading community management app in the country. This partnership will transform rent transactions for millions of Indian households by embedding RentenPe鈥檚 payment and rent credit scoring technology directly within the Mygate app. With this integration, all ren..
Next Story
Supreme Unveils New Brand Identity to Elevate Lifestyle
Supreme, a respected name in Indian real estate with a four-decade legacy, has announced a complete rebranding. The move includes the launch of a new logo and a revamped website, both reflecting the group鈥檚 refreshed vision to 鈥楨levate Lifestyle鈥�. This brand transformation represents more than a visual refresh鈥攊t marks a strategic shift in the company鈥檚 mission, visual identity and market positioning. The update will be visible across all of Supreme鈥檚 digital, social and offline communication platforms. At the core of the initiative is a renewed focus on purposeful design..
Next Story
Capri Loans Launches #TarrakiKeHaath Campaign Honouring India鈥檚 Everyday Heroes
Capri Global Capital Ltd (Capri Loans), a leading non-banking financial company, has unveiled its latest brand campaign, #TarrakiKeHaath, a powerful tribute to the everyday hands that build India 鈥� from kirana store owners and taxi drivers to dhaba workers, tailors, and carpenters. Narrated by Capri Loans鈥� long-standing brand ambassador and acclaimed actor Pankaj Tripathi, the campaign celebrates the dignity, resilience, and aspirations of self-employed individuals and small business owners who form the backbone of Bharat鈥檚 economy. Conceptualized by Rediffusion Brand Solutions, the..
