{"id":217643,"date":"2022-12-08T20:18:04","date_gmt":"2022-12-08T14:48:04","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=217643"},"modified":"2022-12-08T20:19:40","modified_gmt":"2022-12-08T14:49:40","slug":"talk-about-coal-india-must-consider-energy-transition-partnerships","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/talk-about-coal-india-must-consider-energy-transition-partnerships\/","title":{"rendered":"Talk about coal \u2013 India must consider energy transition partnerships"},"content":{"rendered":"\n<p><strong>Source<\/strong>: The post is based on the article\u00a0\u201c<strong>Talk about coal \u2013 India must consider energy transition partnerships\u201d <\/strong>published in <strong>Business Standard<\/strong>\u00a0on\u00a0<strong>8<sup>th<\/sup> December 2022<\/strong>.<\/p>\n<p><strong>Syllabus: GS 3 \u2013 Infrastructure<\/strong><\/p>\n<p><strong>Relevance: <\/strong>Just Energy Transition Partnerships and India<\/p>\n<p><strong>News: <\/strong>\u00a0The Indian government has refused to accept JETPs and phase out its coal dependence due to the concerned stakeholders involved and the need of coal-based energy for the growth of the nation.<\/p>\n<h5><strong>What is Just Energy Transition Partnerships (JETPs)?<\/strong><\/h5>\n<p>It is a major option for large developing economies that want to shift from coal dependence.<\/p>\n<p>A JETP for the South African coal sector was announced last year at the CoP-26 with an $8.5-billion initial commitment from foreign governments and donors to pay for the costs of its coal phase-down.<\/p>\n<p>Indonesia has also announced setting up a JETP for its own coal sector that will mobilise global financing of $20 billion.<\/p>\n<h5><strong>What is the stand of the Indian government?<\/strong><\/h5>\n<p>The <strong>Indian government is not ready to accept JETP<\/strong> for its coal sector. Instead, the focus of the government is on funding renewable energy.<\/p>\n<p>This is because <strong>renewable energy<\/strong> is a mature sector in the country and it is easy to get private finance from the global market. The constraints with renewable energies in India are regulatory and technological not financial.<\/p>\n<h5><strong>What can be the course of action?<\/strong><\/h5>\n<p>It is not clear why India is stepping away from JETP because it would provide India with the required finance to bail-out the coal dependent power sector.<\/p>\n<p>Therefore, the government should come up with a mechanism that estimates the costs and benefits of a JETP and come up with a clear financing proposal that will ensure an equitable transition away from coal power in India.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: The post is based on the article\u00a0\u201cTalk about coal \u2013 India must consider energy transition partnerships\u201d published in Business Standard\u00a0on\u00a08th December 2022. Syllabus: GS 3 \u2013 Infrastructure Relevance: Just Energy Transition Partnerships and India News: \u00a0The Indian government has refused to accept JETPs and phase out its coal dependence due to the concerned stakeholders&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/talk-about-coal-india-must-consider-energy-transition-partnerships\/\">Continue reading <span class=\"screen-reader-text\">Talk about coal \u2013 India must consider energy transition partnerships<\/span><\/a><\/p>\n","protected":false},"author":10320,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1230,9],"tags":[10503,216],"class_list":["post-217643","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-public","tag-business-standard","tag-gs-paper-3","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704685580},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/217643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10320"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=217643"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/217643\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=217643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=217643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=217643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}