Economic Survey 2023-24: Coal likely to remain backbone of country’s energy system for next two decades

Economic Survey 2023-24: Coal likely to remain backbone of country’s energy system for next two decades



Coal, which accounts for 70% of the whole electrical energy era, can also be a vital enter in varied industries, comparable to metal, sponge iron, cement, and paper. File.
| Picture Credit score: Sushil Kumar Verma

Coal is predicted to proceed to be the spine of the Indian vitality system for the subsequent twenty years and the phase-down of the dry gas can be closely depending on the import of vital minerals required for clear vitality and battery storage, the Economic Survey on Monday stated.

The carbon dioxide removing applied sciences and carbon seize utilisation and storage should be explored to carry down the emissions from using coal, as per the Financial Survey 2023-24, which was tabled in Parliament.


Additionally Learn: Economic Survey 2023-24 updates

“Coal phase-down can be closely depending on the import of vital minerals required for renewable vitality and battery storage except the nation invests within the improvement of applied sciences primarily based on domestically obtainable mineral assets and people who allow the reuse, restoration, and recycling of vital minerals,” it defined.

It additional stated the adoption of gasification know-how in India can rework the coal sector and convey down the dependence on import of pure fuel, methanol, and ammonia, and can assist decrease emissions.

Coal, which accounts for 70% of the whole electrical energy era, can also be a vital enter in varied industries, comparable to metal, sponge iron, cement, and paper.

“Adopting gasification know-how in India can revolutionise the coal sector, lowering reliance on imports of pure fuel, methanol, ammonia, and different important merchandise whereas lowering emissions,” the Financial Survey 2023-24 stated.

The Centre has launched a number of clear coal initiatives, together with the coal gasification mission. The nation is aiming to gasify 100 million tonnes of coal by 2030 by way of floor coal, lignite gasification initiatives.

Initiatives comparable to extracting coal mattress methane gases, exploring coal to hydrogen, carbon seize and storage, and coal beneficiation by way of washeries can scale back emissions and improve environmental sustainability.

“Encouragement to undertake super-critical and ultra-super-critical applied sciences for coal energy crops has additionally led to decrease emissions and better effectivity,” it stated.

Coal accounts for greater than 55% of India’s major business vitality. Coal-fired energy era accounts for about 70% of the whole energy era.





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