GLOBAL ENERGY MONITOR - REPORTS AND INDICES

News: India can save $19.5 billion a year with shift from coal to clean power: report

 

What's in the news?

       India plans to add 76 gigawatts (GW) of utility-scale solar and wind power by 2025.

       According to new research by the Global Energy Monitor, this addition will lead to savings of up to US$19.5 billion a year versus burning coal.

 

Key takeaways:

       Data in the Global Solar Power Tracker and the Global Wind Power Tracker rank India among the top seven countries globally in terms of prospective renewable power.

       This renewable power buildout can avoid the use of almost 78-million tonnes of coal annually, or roughly 32 GW in coal power plant capacity, which is more new coal capacity than the country has added since.

       India plans to add an additional 420 GW of wind and solar power by 2030, which would increase the annual savings from avoiding coal power to more than US$58 billion, with total savings reaching US$368 billion by 2030.

 

Global Energy Monitor (GEM):

       It is a San Francisco-based Non-Governmental Organization which catalogs fossil fuel and renewable energy projects worldwide.

       Global Energy Monitor studies the evolving international energy landscape, creating databases, reports, and interactive tools that enhance understanding.

       Global Energy Monitor shares information in support of clean energy and its data and reports on energy trends are widely cited by governments, media, and academic researchers.

       It also conducts an annual survey of coal power capacity under development or deployment.

       Major reports by Global Energy Monitor (GEM)

       Boom and Bust

       Gambling On Gas: Risks Grow For Japan's $20 Billion LNG Financing Spree

       Gas Bubble 2020: Tracking Global LNG Infrastructure

       How Plans for New Coal Are Changing Around the World

       A Coal Phase-Out Pathway for 1.5 °C.