https://www.taxtmi.com/news?id=42188 A targeted annual expansion of renewable energy capacity can materially reduce and potentially eliminate India's reliance on imported thermal coal within a near-term timeframe, yielding substantial foreign exchange savings. Rising thermal coal imports, driven by global price volatility and currency weakness, create physical supply and financial risks, compounded by seasonal cooling demand. The report links growing electricity demand from urbanisation, industrialisation and climate-driven heatwaves to the urgency of accelerating non-fossil capacity additions and concludes that aggressive renewables deployment is the primary mechanism to reduce import dependency and mitigate these risks. en-us Mon, 28 Apr 2025 15:01:04 +0530 Mon, 28 Apr 2025 15:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=42188 A targeted annual expansion of renewable energy capacity can materially reduce and potentially eliminate India's reliance on imported thermal coal within a near-term timeframe, yielding substantial foreign exchange savings. Rising thermal coal imports, driven by global price volatility and currency weakness, create physical supply and financial risks, compounded by seasonal cooling demand. The report links growing electricity demand from urbanisation, industrialisation and climate-driven heatwaves to the urgency of accelerating non-fossil capacity additions and concludes that aggressive renewables deployment is the primary mechanism to reduce import dependency and mitigate these risks. News - Mon, 28 Apr 2025 15:01:04 +0530 https://www.taxtmi.com/news?id=42188