Coal to stay most significant energy source even by 2040: World Coal Association chief

India has brought ‘pragmatism’ to the debate around the coal, says Michelle Manook

Coal is not going away and will remain the most significant energy contributor in the energy sector even by 2040, Michelle Manook, CEO, World Coal Association (WCA), said on Thursday.

Ms. Manook was speaking in Kolkata at an event where the WCA announced a partnership with Gainwell Engineering to promote sustainable coal mining in India.

“There is a future for coal and with the current confluence of energy events that you are seeing, there is very much an understanding and a belief, something I said during my opening remarks, that the energy trilemma is something that really needs to be addressed. This is about affordability, energy security, and reliability,“ she said.  

Ms. Manook, pointed out that even the International Energy Association’s projections for 2040 is that coal will still be the most significant contributor at around  22-23%. “Energy pie will get bigger but coal will still be an important part of the pie,” she added. The remarks come at a time when the world is trying to look away from coal towards renewable energy to achieve ‘net zero’ emission levels.

The CEO of WCA, which is a global advisory body, also added that India has brought “pragmatism” to the debate around the coal. “WCA applauds India’s position towards the issue of phasing down of unabated coal as against phasing out coal. Coal is still world’s largest source of energy. Recent and current events reconfirm that coal is still needed and not on a decline. Coal is not disappearing; it is simply transitioning to a more sustainable model,” Ms. Manook added.

At the UN Climate Change Conference of the Parties (COP26) summit held last year, Prime Minister Narendra Modi had announced that India will aim to attain net zero emissions by 2070. The Prime Minister also announced that India will draw 50% of its consumed energy from renewable sources by 2030, and cut its carbon emissions by a billion tonnes by the same year. According to the Economic Survey 2021-22, coal demand in India is projected in the range of 1.3-1.5 billion tonnes by 2030, an increase of 63% from the current demand. 

Sunil Chaturvedi, chairman, Gainwell Engineering, welcomed his organisation’s membership to the WCA, and added that while concerns over climate change and air pollution have highlighted the need to pursue a more sustainable path forward, “no discussion of global climate change can ignore India, and no discussion of India’s energy future can ignore coal”.