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Sat May 25, 2019, 03:46 PM

India is investing more money in solar power than coal for first time

https://www.weforum.org/agenda/2019/05/india-is-investing-more-money-in-solar-power-than-coal-for-first-time/
India is investing more money in solar power than coal for first time

22 May 2019
Charlotte Edmond
Formative Content

In India coal is king. It powers huge swathes of the country and its use is still rising. But there are signs that coal's dominance might one day be challenged. India's investments in renewable sources are now outpacing those in fossil fuels, according to a report by the International Energy Agency.



Total renewable power investments topped those in fossil fuel-based power for the third year in a row. And spending on solar photovoltaics (PV), supported by government auctions, exceeded coal for the first time last year. The falling costs of bringing solar power online as well as favourable government policies have seen solar’s star rise in recent years.



But that’s not to say the country’s hunger for coal is going away any time soon: it remains one of the world’s largest coal consumers. Investment in supply grew last year, supported by a policy favouring domestic production ahead of imports – although the fuel was still one of the country’s largest imports last year.

At a time when other nations are curbing coal use, India is bucking the trend and the vast majority of the country is still powered by fossil fuels, mostly coal.



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Reply India is investing more money in solar power than coal for first time (Original post)
OKIsItJustMe May 2019 OP
MyOwnPeace May 2019 #1
at140 May 2019 #2

Response to OKIsItJustMe (Original post)

Sat May 25, 2019, 03:51 PM

1. Incredible, isn't it?

America is being passed by "shit hole" countries* in so many things.

Exactly how is this "making America great again?"



* I'm not totally sure that IQ45 included India in that particular group of "special countries" - but really, I think you can bet he would!

DISCLAIMER: I apologize to anybody thinking that I mean any disrespect to India. Quite the contrary - they're making us look bad (easy for so many to do with IQ45 in charge!).

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Response to MyOwnPeace (Reply #1)

Sat May 25, 2019, 04:12 PM

2. I won't ever visit India !!

And I was born and raised there. The air pollution is so bad I literally can't breathe, especially during hot weather. But I do miss the food.

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