Developing countries can’t afford developed world elites’ energy pieties. From Duggan Flanakan at lewrockwell.com:
“The Western view of the world is centered around themselves. [Believing] the rose-tinted views [expressed by Western elites] that ‘the West would like India to succeed’ is plain naiveté.”
Krishnamurthy Subramanian, Chief Economic Advisor, Government of India
For decades, Western bankers, beholden to United Nations “sustainable development” goals, have held virtual veto power over African development and have impeded infrastructure construction in other cash-poor developing nations. No longer.
To the consternation of central planners (and highly paid environmentalists) the UN’s veto power has recently been significantly compromised. China, India, and even African and other Asian nations are building coal-fired power plants and developing coal resources much faster than the U.S. can shut its own plants down. The great master plan to save the planet via a worldwide ban on fossil fuels is being systematically undermined by the hungry.
According to Indian journalist and engineer Sudhanva Shetty, “coal is likely to remain king” in India till 2030 – and beyond. The reason: coal caters to more than half of India’s domestic energy needs. State-owned Coal India on March 10 announced plans for expansion of 24 existing coal mining operations and up to eight new “greenfield” coal mines.
Coal continues to account for about 56 percent of India’s total primary energy consumption. Despite 2020 demand being slowed by the COVID pandemic, coal use in India is expected to increase by 3.8 percent in 2021.