India's Coal Capacity Set to Surge by 23% by 2022-23 Amid Energy Crisis

India faces a potential energy crisis as coal capacity is projected to increase by 23% by 2022-23. While aiming for carbon-neutrality by 2070, the country grapples with rising power demands. Recent crises underscore the need for coal-based thermal power expansion.

Renewable energy targets lag, prompting considerations for a more substantial role for coal. The International Monetary Fund emphasizes the importance of private investments for a smoother transition. Challenges in renewable integration persist. Balancing coal and renewables is crucial for energy stability amidst increasing demand.

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