1st Edition
The Role of Coal in a Sustainable Energy Mix for India A Wide-Angle View
As India switches away from a coal-based to a more sustainable energy use pattern, which pathway will it adopt? What is the nature of challenges that it will face, and who will be affected? Who will gain? This volume offers insights into the steps and challenges involved in this transition and addresses some urgent questions about the possible pathways for India’s renewable energy generation.
Including contributions from researchers, policymakers, and practitioners, it draws on different disciplines, ranging from science and technology to economics and sociology, and situates the issue of low carbon transition within an interdisciplinary framework. India has committed to gradual decarbonisation of its economy. This book takes this as its starting point and uses a wide-angle lens, incorporating macro as well as micro views, to understand the possible next steps as well as trade-offs that will inevitably be posed. It incorporates the perspectives of all stakeholders ranging from central and state governments, public and private sector firms, on the one hand, to individuals and local communities, on the other, to explore their role in the transition, their interests, and how these will change and evolve.
This timely volume will be of interest to students and researchers of environmental studies, development studies, environmental economics, political studies, and Asian studies. It will also be useful to academics, practitioners, and policymakers working on issues related to climate change, sustainable development, energy policy and economics,and public policy.
List of Appendices and Boxes viii
List of Figures x
List of Tables xii
Contributors xiv
Preface and Acknowledgements xxi
Abbreviations xxiv
Introduction 1
MRITIUNJOY MOHANTY AND RUNA SARKAR
PART 1 A Macroeconomic Analysis of Alternate Pathways 9
A Macroeconomic Analysis of Alternate Pathways: an Introduction
MRITIUNJOY MOHANTY AND RUNA SARKAR
1 India’s Coal and Coal-Fired Electricity Needs by 2030: Clearing Vision beyond Black Coal and Hazy Skies 13
SUNIL DAHIYA, ADITYA LOLLA, PRIYANSHU GUPTA, AND NANDIKESH SIVALINGAM
2 India’s Energy Trilemma and Coal-based Power Generation 28
SAMBIT BASU AND SOUMYA PRAKASH NAYAK
3 Energy Transition and Centre–State Priorities: Alignments and Misalignments of Policies and Decisions 43
TIRTHANKAR MANDAL
4 Macroeconomic Impacts of Coal Transition 54
SAON RAY, PIYALI MAJUMDER, AND VASUNDHARA THAKUR
5 The Social Aspects of India’s Energy Transition: Coal, Critical Minerals and Socio-Economic Dependencies 75
VIGYA SHARMA AND JULIA LOGINOVA
6 Deep Electrification in India: A Review of Strategies, Policies, and Sectoral Developments 104
SARTHAK SHUKLA, SHUBHAM THAKARE, AND RAGHAV PACHOURI
PART 2 Governance and Policy Perspectives 117
Governance and Policy Perspectives: an Introduction
MRITIUNJOY MOHANTY AND RUNA SARKAR
7 Governance Principles for a Just Energy Transition 119
SIMRAN GROVER, NAINI SWAMI, AND V. SURESH
8 Policy Framework for Energy Transition in India 135
SARTHAK SHUKLA AND RAGHAV PACHOURI
9 Industrial Policy 2.0: Policy Space and Decarbonisation 156
MRITIUNJOY MOHANTY, SAON RAY, AND NAINI SWANI
10 International Experiences on Just Energy Transition Planning and Lessons for India 168
MADHURA JOSHI AND SWATI DSOUZA
11 Grounded Perspectives on Energy Transition – The View of Panchayat Members on Energy Transition and Impact of Climate Change 186
JAHNAVI G. PAI, MUNNA JHA, AND VINUTA GOPAL
PART 3 Industry: Opportunities and Challenges 199
Industry: Opportunities and Challenges – an Introduction
MRITIUNJOY MOHANTY AND RUNA SARKAR
12 Retrofit Decarbonisation and Reutilisation of Thermal Power Plants 203
SUCHARITA BHATTACHARJEE AND TRINAYANI SEN
13 Future-Proofing India’s Coal PSUs: An Analysis of CIL and NTPC 216
SAARTHAK KHURANA, ARNAB SARKAR, AND BALASUBRAMANIAN VISWANATHAN
14 Evaluation of Energy and Environmental Efficiency of the Indian Thermal Power Plants: A State-Level Analysis 240
SABUJ KUMAR MANDAL
15 Energy Storage and Its Potential Role in Electricity Transition 251
SHUBHAM THAKARE AND RISHIKESH SREEHARI
16 International Experiences: The Cases of Iberdrola, Enel, and NextEra Energy 264
SHUBH MAJUMDARR, ABHINAV JINDAL, SHANTANU SRIVASTAVA AND VIBHUTI GARG
PART 4 Investors and Shareholders 279
Investors and Shareholders: an Introduction
MRITIUNJOY MOHANTY AND RUNA SARKAR
17 Financing India’s 2030 NDC Targets and Beyond 283
VAIBHAV PRATAP SINGH AND NEHA KUMAR
18 Transition Finance 299
AANANDITA SIKKA, NEHA KHANNA AND DHRUBA PURKAYASTHA
19 Role of Domestic Institutional Capital in Funding India’s Energy Transition 311
SHANTANU SRIVASTAVA
20 Operationalising Just Transition in India: Financing Challenge and Options 329
NEHA KUMAR AND SURANJALI TANDON
21 International Climate Financing and Just Energy Transition: Exploring the
Synergies 343
PRADIP SWARNAKAR AND RAJSHRI SHUKLA
Index 353
Biography
Mritiunjoy Mohanty is Professor with the Economics Group of the Indian Institute of Management Calcutta (IIM Calcutta), India. He is also currently a member of IIM Calcutta’s Centre for Development and Environment Policy.
Runa Sarkar is Professor with the Economics Group of the Indian Institute of Management Calcutta (IIM Calcutta), India. She is also currently the Coordinator of IIM Calcutta’s Centre for Development and Environment Policy.
