With a population of 1.4 billion people and one of the fastest growing economies in the world, India is crucial to the future of global energy markets and climate change – and coal is fueling much of that economic growth in India. Coal is the most carbon-intensive fossil fuel and is responsible for more than 40 percent of energy-related global carbon emissions. Over the next five years, India’s coal demand is expected to grow more than that of any other country in the world. In short, there’s no pathway to global decarbonization that does not include meaningfully changing the trajectory of India’s current and projected coal use.
In this edition of Columbia Energy Exchange, host Jason Bordoff is joined by Dr. Rahul Tongia, author of the new book “Future of Coal in India: Smooth Transition or Bumpy Road Ahead?” to help shed light on that very subject.
Dr. Rahul Tongia is a Senior Fellow with the Centre for Social and Economic Progress in New Delhi, where he leads its Energy, Natural Resources, and Sustainability group. He is also a non-resident Senior Fellow at the Brookings Institution, and Adjunct Professor at Carnegie Mellon University. He was the founding Technical Advisor for the Government of India’s Smart Grid Task Force. He holds a PhD in Engineering and Public Policy from Carnegie Mellon University and a Bachelor’s in Electrical Engineering from Brown University.
You can read Dr. Tongia’s blog post about his book here.
This week host Bill Loveless talks with author and journalist Jeff Goodell about his new book “The Heat Will Kill You First: Life and Death on a Scorched Planet”.
It has now been just over a year since the US signed into law the Inflation Reduction Act and already, it has been followed by more than US $110 billion in clean energy investments.
Rising debt levels and the ravages wrought by climate change present acute threats to achieving sustainable development goals in emerging market and developing economies.
As the world races to transition to cleaner energy sources, there exists a substantial gap between the financing required for this transition and the actual investments being made.