Coal Vision 2030
Developments in solar and energy storage technologies, downward revision of economic growth, and the NPA crises in the coal-consuming power and steel sectors were identified as some of the main challenges to coal in a study titled ‘Coal Vision 2030’. Coal India (CIL) commissioned the study to assess the future demand scenarios for the domestic coal sector up to 2030 and identify key action areas. The report points out that global trade and economic ambiguities, coupled with changes in technological, environmental and regulatory regimes, have created uncertainty in the energy markets, and continuous monitoring of the changing business environment is necessary to decide industry actions. Overall coal demand is estimated to be 900-1,000 MTPA by 2020 and 1,300-1,900 MTPA by 2030, the report said, adding that there is limited requirement of starting new coal mines except the ones already auctioned/allocated, if demand growth is low.