India says no to Australian coal
LAST Friday, speaking in India, power Minister Goyal said India expects to stop importing coal in the next 2-3 years. “We want to completely stop the import of thermal coal in the next two to three years,” Goyal said at the Maritime India summit in Mumbai.
Goyal said his ministry was working towards achieving the target of generating 20,000 MW of solar capacity by 2017, a step up that could propel India to being the number 2 or 3 solar installing nation globally (behind China and the USA).
Why then are Adani, and some politicians, perpetuating the myth that India needs Galilee Basin coal to supply power to India. Minister Goyal has clearly and repeatedly said that India does not want Australian coal. Undoubtedly there is no need to expand Abbot Point Port to facilitate the export of coal that does not have a market.
There are a lot of falsehoods being deliberately circulated about an unwanted, unbankable, unburnable proposal that should obviously never proceed because there is no market, no social license, and no need for these projects.
Last Wednesday the world’s largest coal producer, Peabody Energy, filed for bankruptcy. With the coal industry in structural decline, we need to move away from coal to newer, cleaner, renewable energies to invigorate our economy.
We should be focusing on other industries and innovations – we could follow India’s lead and substantially increase our solar industry for example - for em- ployment opportunities in our local communities. Sandra Williams Airlie Beach