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.