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India Sees $55 Billion Investment in Clean Coal Over Next Decade

   

Photographer: Kuni Takahashi/Bloomberg

India expects to invest 4 trillion rupees ($54.5 billion) in clean coal projects over the next decade as it seeks to tap domestic energy sources and curb imports, federal home minister Amit Shah said.

The investment will be made in clean coal facilities, including coal gasification and coal-bed methane, Shah said at a signing ceremony to develop new mines. He said coal power will be key to achieving India’s ambition of becoming a $5 trillion economy, a goal he said would be reached despite setbacks due to Covid-19. Emissions from burning coal can be made cleaner but not totally erased.