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India faces potential loss of 73,800 coal jobs by 2050 due to green energy shift, warns Global Energy Monitor. The report underscores the global trend of job cuts, advocates for 'just transition' ensuring fairness

Green energy shift: India may face 73,800 coal job losses by 2050 - Report

India faces potential loss of 73,800 coal jobs by 2050 due to green energy shift, warns Global Energy Monitor. The report underscores global trend of job cuts, advocates for 'just transition' ensuring fairness

India faces potential loss of 73,800 coal jobs by 2050 due to green energy shift, warns Global Energy Monitor. The report underscores global trend of job cuts, advocates for 'just transition' ensuring fairness

India's shift towards green power may come at a significant cost to jobs in the coal mining sector, with a potential loss of 73,800 jobs at Coal India by the year 2050, according to a recent report by the US-based think tank Global Energy Monitor (GEM).
The GEM report highlights the global trend of job cuts in the coal industry as countries commit to transitioning away from fossil fuels in their efforts to combat climate change. Alongside India, China is projected to be the hardest hit, with an estimated 241,900 job layoffs in its massive coal industry by mid-century.
The report emphasizes the importance of a "just transition," a term coined by the International Labour Organisation (ILO), which seeks to ensure that the transition to a green economy is fair, inclusive, and provides decent work opportunities for those affected.
India, as the world's second-largest coal producer, has a substantial mining workforce, officially employing around 337,400 miners at its operating mines. However, informal employment in the sector may significantly increase this figure.
The GEM report underscores the need for governments to plan for coal worker transitions, especially as many mines are expected to reach the end of their operation before 2035, potentially affecting nearly 100 workers a day in the mining sector.
The report calls for proactive planning to manage the transition to a post-coal economy and avoid economic hardship and social strife for affected workers. It cites the example of Spain, where successful decarbonization planning has been implemented.
To limit global warming to 1.5 degrees Celsius, GEM estimates that less than 10% of the current global coal mining workforce, around 250,000 miners, would be required.
While coal remains a significant source of electricity worldwide, it is also responsible for a substantial portion of the power sector's CO2 emissions. India's commitment to reduce emission intensity and increase non-fossil fuel-based energy resources aligns with the goals of the Paris Agreement.
However, experts caution that the energy transition must consider regional imbalances, particularly in areas heavily reliant on coal, where alternative energy sources like solar and wind may not be as abundant.
Also Watch: <a href="https://www.editorji.com/business-news/economy/white-collar-jobs-in-india-8-6-decline-in-september-1696850256934">White-collar jobs in India: 8.6% decline in September</a>

The renewable mission Energising India as a leader of clean and green energy globally as we strive not just meet but beat the aggressive targets.
PM Modi, who has been&nbsp;honoured&nbsp;with the United Nations `Champions of the Earth&rdquo; title made Green Energy the single biggest focus for the nation as he pitched the need for &ldquo;environmental security,&rdquo; to the entire nation from the Red Fort.
From the introduction of the National Hydrogen Mission&rdquo; to develop green hydrogen and fuel cells, to electrification of India&rsquo;s massive rail system, it is clear that India is ready to fire from all cylinders.&nbsp;
India spends around&nbsp;₹12 lakh crore annually for its energy needs. The Nation Hydrogen Mission is set to be a game-changer for India, which imports 85% of its oil and 53% of gas demand. Green Hydrogen will bat for green hydrogen exports and geographical production zones.
Given India&rsquo;s major dependence on energy imports, the aim is to leverage the country&rsquo;s large landmass and low solar and wind tariffs to produce low-cost green hydrogen and ammonia for even for exports.
India is set to meet its Paris agreement commitments ahead of 2030. India has maintained that it is not a polluter and cause of climate change and has voluntarily committed to reducing greenhouse gas emission intensity of its GDP by 33-35 per cent below 2005 levels by 2030.
Citizen focused initiatives run by the central govt have helped this target tremendously with people embracing LED bulbs, voluntarily giving up LPG subsidy, increased cooking gas coverage and affordable transportation initiatives. Pradhan Mantri Ujjwala Yojana has provided smoke-free kitchens to over 7 crore beneficiaries, most of whom are women.&nbsp;Industry wide focus also continues as PM-KUSUM, solar rooftop phase-2, development of Ultra Mega Renewable Energy Power Parks (UMREPPs) etc have also been introduced to promote renewable energy sector in India.&nbsp;
India&rsquo;s climate commitment credentials are very strong ahead of the UN Climate Change Conference in Glasgow, its emissions have been reduced by 28% over 2005 levels. The Modi Govt has also taken a strong stance on the&nbsp; net-zero emission urging the G20 having per capita greenhouse gas emissions above the global average to bring it down to the world average, so they leave &lsquo;some' carbon space for developing nations such as India.&nbsp;
&nbsp;

India Energised: Clean & Green, how the country is leading the fight against climate change

India is set to meet its Paris agreement commitments ahead of 2030. India has maintained that it is not a polluter and cause of climate change and has voluntarily committed to reducing greenhouse gas emission intensity of its GDP by 33-35 per cent below 2005 levels by 2030.

Editorji Explains | India Energised: How the country is leading the fight against climate change

Here is a look at India's&nbsp;renewable mission as the nation strives not just meet but beat the aggressive targets.

The renewable mission Energising India as a leader of clean and green energy globally as we strive not just meet but beat the aggressive targets.
PM Modi, who has been&nbsp;honoured&nbsp;with the United Nations `Champions of the Earth&rdquo; title made Green Energy the single biggest focus for the nation as he pitched the need for &ldquo;environmental security,&rdquo; to the entire nation from the Red Fort.
From the introduction of the National Hydrogen Mission&rdquo; to develop green hydrogen and fuel cells, to electrification of India&rsquo;s massive rail system, it is clear that India is ready to fire from all cylinders.&nbsp;
India spends around&nbsp;₹12 lakh crore annually for its energy needs. The Nation Hydrogen Mission is set to be a game-changer for India, which imports 85% of its oil and 53% of gas demand. Green Hydrogen will bat for green hydrogen exports and geographical production zones.
Given India&rsquo;s major dependence on energy imports, the aim is to leverage the country&rsquo;s large landmass and low solar and wind tariffs to produce low-cost green hydrogen and ammonia for even exports.
Also watch: <a href="https://www.editorji.com/india-news/local/delhi-cm-kejriwal-s-10-point-winter-action-plan-to-fight-pollution-1633364907573" target="_blank">Delhi CM Kejriwal&rsquo;s 10-point winter action plan to fight pollution</a>
India is set to meet its Paris agreement commitments ahead of 2030. India has maintained that it is not a polluter and cause of climate change and has voluntarily committed to reducing greenhouse gas emission intensity of its GDP by 33-35 per cent below 2005 levels by 2030.
Citizen focused initiatives run by the central govt have helped this target tremendously with people embracing LED bulbs, voluntarily giving up LPG subsidy, increased cooking gas coverage and affordable transportation initiatives. Pradhan Mantri Ujjwala Yojana has provided smoke-free kitchens to over 7 crore beneficiaries, most of whom are women.&nbsp;Industry wide focus also continues as PM-KUSUM, solar rooftop phase-2, development of Ultra Mega Renewable Energy Power Parks (UMREPPs) etc have also been introduced to promote renewable energy sector in India.&nbsp;
India&rsquo;s climate commitment credentials are very strong ahead of the UN Climate Change Conference in Glasgow, its emissions have been reduced by 28% over 2005 levels. The Modi Govt has also taken a strong stance on the&nbsp; net-zero emission urging the G20 having per capita greenhouse gas emissions above the global average to bring it down to the world average, so they leave &lsquo;some' carbon space for developing nations such as India.&nbsp;
&nbsp;

Brace yourself for power cuts and growth outlook cuts as China and India both face rising demand and falling coal supplies, which could lead to a potential supply shock. There is a looming shortage of coal in India as&nbsp;stockpiles hit a 4-year low and China has ordered slowing of coal based energy production based to meet carbon reduction goals.&nbsp;Inventory of the black gold in India has fallen to the lowest since November 2017, data from the Central Electricity Authority showed. The India isn&rsquo;t alone in facing a fuel crisis. Buyers from the U.K to China are grappling with energy shortages as a rebound in demand outpaces supply.&nbsp; A revival in industrial activity as the threat of covid recedes has added demand pressure on already fragile supply system.&nbsp;China is facing power issues on two fronts. Some provinces have ordered industrial cuts in order to meet emissions&nbsp;goals, while others are facing an actual lack of electricity as sky-high coal and natural gas costs cause generators to slow output amid high demand.The shortage of power in China could lead to a economic shock as it would push prices of China made/exported goods more costly to world importers. Brokerages from Goldman to Nomura have stated to cut GDP&nbsp;targets for China sighting a potential power crisis.&nbsp;

China to India: Power cut crisis looms due to coal shortage

China to India: Power cut crisis looms due to coal shortage and green bets. Find out why you could be facing a cold winter with power cuts

Power Cut Alert| India's coal inventory hits 4 year old 

Factories in the world&rsquo;s biggest exporter are forced to conserve energy by curbing production.

Brace yourself for power cuts and growth outlook cuts as China and India both face rising demand and falling coal supplies, which could lead to a potential supply shock. There is a looming shortage of coal in India as&nbsp;stockpiles hit a 4-year low and China has ordered slowing of coal based energy production based to meet carbon reduction goals.&nbsp; Inventory of the black gold in India has fallen to the lowest since November 2017, data from the Central Electricity Authority showed. But, India isn&rsquo;t alone in facing a fuel crisis. Buyers from the U.K to China are grappling with energy shortages as a rebound in demand outpaces supply.&nbsp; A revival in industrial activity as the threat of covid recedes has added demand pressure on already fragile supply system.&nbsp; China is facing power issues on two fronts. Some provinces have ordered industrial cuts in order to meet emissions&nbsp;goals, while others are facing an actual lack of electricity as sky-high coal and natural gas costs cause generators to slow output amid high demand. The shortage of power in China could lead to a economic shock as it would push prices of China made/exported goods more costly to world importers. Brokerages from Goldman to Nomura have stated to cut GDP&nbsp;targets for China sighting a potential power crisis.&nbsp;

Asia's richest Mukesh&nbsp;Ambani&nbsp;is only a&nbsp;few billion away from entering the elite $100-billion club.
As per the&nbsp;Bloomberg&nbsp;Billionaires Index, Ambani's net worth stood at $92.6 billion as he was the 12th richest person on the earth.
Ambani's net worth&nbsp;surged $3.7 billion as shares of Reliance&nbsp;Industries&nbsp;skyrocketed more than 4% on Friday's trade session. The surge in RIL's stock has been witnessed as the company targets a bigger green energy manufacturing plan.
Asia's richest man&nbsp;announced an ambitious plan to invest $10 billion this year in clean energy, marking a new pivot for India&rsquo;s most valuable company. The plan is in sync with Indian PM Narendra Modi&rsquo;s ambitions to combat climate change and curtail imports into the world&rsquo;s third-biggest oil consumer.

Mukesh Ambani close to enter $100 billion club

Asia's richest Mukesh&nbsp;Ambani&nbsp;is only a&nbsp;few billion away from entering the elite $100-billion club.

Ambani's net worth stood at $92.6 billion as he was the 12th richest person on the earth.

Asia's richest Mukesh&nbsp;Ambani&nbsp;is only a&nbsp;few billion away from entering the elite $100-billion club. As per Bloomberg's&nbsp;Billionaires Index, Ambani's net worth stood at $92.6 billion as he was the 12th richest person on the earth.
Ambani's net worth&nbsp;surged $3.7 billion as shares of Reliance&nbsp;Industries&nbsp;skyrocketed to a record high. The surge in RIL's stock has been witnessed as the company targets a bigger green energy manufacturing plan.
Asia's richest man&nbsp;announced an ambitious plan to invest $10 billion this year in clean energy, marking a new pivot for India&rsquo;s most valuable company. The plan is in sync with Indian PM Narendra Modi&rsquo;s ambitions to combat climate change and curtail imports into the world&rsquo;s third-biggest oil consumer.

green energy

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