ENA Sectors 2023-11-30 17:02:59 <p><span style="font-size:14px"><strong>New Delhi, Nov 30 (KNN)</strong> Coal will continue to be India's main source of energy for years to come, a top government official said on Thursday right ahead of Prime Minister Narendra Modi's trip to Dubai.</span></p> <p><span style="font-size:14px">Highlighting Indias commitment to the use of the fossil fuel as the U.N.'s COP28 climate summit opens in Dubai, Foreign Secretary Vinay Mohan Kwatra told reporters, Coal is, and would, remain an important part of India's energy needs.</span></p> <p><span style="font-size:14px">Reuters reported that India, which depends on coal for 73% of its energy needs, is scrambling to add 17 gigawatts of coal-based power generation capacity at its fastest pace in recent years to meet a record increase in power demand.</span></p> <p><span style="font-size:14px">India and China oppose any attempt to block construction of coal-fired power stations for their energy-hungry economies, while France, backed by the United States, plans to seek a halt to private financing for these plants at COP28, sources said.</span></p> <p><span style="font-size:14px">Kwatra said India expects a clear roadmap on climate financing at COP28 and has always been upfront about its support for a loss-and-damage fund aimed at helping countries recover from environmental degradation caused by industrial development.</span></p> <p><span style="font-size:14px">Loss and damage fund will be of great benefit to developing countries, he added.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 35718 https://knnindia.co.in/news/newsdetails/sectors/coal-to-remain-main-energy-source-for-india-govt-official 2023-11-30 17:02:59 knnindia.co.in