Can Asia truly go coal-free?
- Written by Eco-Business
A new report by the International Energy Agency (IEA) gives a promising picture on the fight against coal: China, the world’s largest energy investor, has dramatically slowed down pumping money into coal, with the country’s rate of commissioning new coal-fired power plants dropping by 25 per cent in 2016. This may trigger a dramatic decline for global investment in coal-fired power plants after an all-time high during the past several years, the IEA argued in its World Energy Investment 2017 report. The report, which analysed energy investments from different regions in the world as well as other parameters, also showed that India held the fourth position in the world’s biggest energy investors, owing to the Modi administration’s strong push to expand the country’s energy system and increase electricity supply.