India second country after China to burn one billion tonnes of coal: IEA
.webp)
India has become the second country after China to burn more than one billion tonnes (BT) of coal in 2022, as demand grew at 8 per cent, according to the International Energy Agency (IEA), a Paris-based intergovernmental organisation.
The agency’s latest report showed that demand rose by 5.5 per cent in the first half of 2023 on continued strong economic growth and reliance on coal, according to a report in The Times of India (TOI).
The report stated: “With growth in the power sector slowing down a bit in the second half, we expect a total increase of five per cent for the year, totalling 1.2 BT.”
The report added that both China and India will account for 70 per cent of global coal consumption, or double the amount of coal burnt in the rest of the world combined.
According to the report, the share of China, India, and the ASEAN region is expected to reach 76 per cent in 2024, and the share of coal consumption of the US and the European Union will fall to 8 per cent.
Globally, demand is seen topping the record level of 2022. As per 'Coal 2022' report last December, global coal demand rose above 8.3 BT.
The report said: “The turn to coal-fired generation was further supported by overall weak nuclear power and hydropower production, contributing to a new record global high of 10,440 terrawatt-hour (TWh) being generated from coal, representing 36 per cent of the world’s electricity generation, up one percentage point compared to 2021."
Other Latest News
.webp)
After Haryana, the BJP would also sweep the upcoming assembly elections in Maharashtra and Jharkhand, BJP president J P Nadda asserted on Friday.
Nadda, who paid obeisance at the Shri Naina Devi temple here, said the people were happy with the performance of the BJP government at the Centre led by Prime Minister Narendra Modi.
.webp)
Noel Tata, half-brother of the late Ratan Tata, has been unanimously elected as the chairman of Tata Trusts following the passing of the legendary industrialist Ratan Tata, CNBC-TV18 reported on Friday. Noel Tata is already a key trustee of the Sir Dorabji Tata Trust and the Sir Ratan Tata Trust. He will now lead the trusts that hold a controlling stake in Tata Sons, the primary holding company of the Tata Group.
The move has long been anticipated, given Noel Tata’s close involvement with Tata Trusts and his extensive experience within the conglomerate.
.webp)
After the Haryana poll debacle, Congress MP and LoP Rahul Gandhi attended the review meeting called by party president Mallikarjun Kharge at his residence in Delhi. Among those present were the party's Haryana observers Ashok Gehlot, Ajay Maken, Deepak Babaria and KC Venugopal.
Sources said that the Congress MP remained largely quite, but when his turn came, he observed two things; one being that Electronic Voting Machines (EVM) and the Election Commission of India (EC) "have much to answer" and another was that "the local leaders were more interested in their own progress than that of the party", leaving a loud silence in the room.
.webp)
Former US President Donald Trump, who is campaigning for another term in the White House, promised to introduce a system of "reciprocal tariffs" if re-elected. In an economic policy speech in Detroit on Thursday, the Republican candidate singled out India, claiming it imposes some of the highest tariffs on foreign goods among major global economies.
This is not the first time Trump has criticised India for its tariffs. Just last month, he called the nation a "big abuser" of US trade relations.
.webp)
Tamil Nadu Chief Minister M K Stalin has announced a bonus and ex-gratia for 2.75 lakh employees of state public sector undertakings and statutory boards for the 2023-24 fiscal.
Accordingly, all eligible workers of profit making PSUs under group C and D will be paid a minimum bonus of Rs 8,400 and a maximum of Rs 16,800, amounting to 8.33 per cent bonus and an ex-gratia of 11.67 per cent, an official release here said.
.webp)
.webp)
.webp)
.webp)
.webp)
