1.India's per capita emission is currently 1.3 tonnes as compared to 5.3 tonnes in China, 15 tonnes in the UK and 20 tonnes in the US.
2.The man who saved us from the global financial crisis is now warning us against the 'new normal'. This 'new normal' he believes will be a lot different from what the world saw two years back. We are talking about Dr. Y.V. Reddy, the former governor of the Reserve Bank of India. He has said in a recent interview that the exit from the easy money policy is going to be difficult for central banks worldwide.
3. It is not uncommon for households and industries in India to keep backups for energy supply. After all, load shedding has been a regular menace even in metro and urban areas. As per World Bank, in 2008, India faced a 16.6% shortfall of electricity during hours of peak consumption. This was on the back of a 9.9% gap in energy generation. Coal is seen as the key solution to India's power shortage, a daunting barrier to the country's development. Primarily because people in semi urban and rural areas cannot afford costly electricity produced from renewable sources.
India has 10% of the world's coal reserves. India's reserves are the biggest after the US, Russia and China. However, it had to import about 70 m tonnes of high grade coal in FY09, mostly for making steel. The country plans to add 78.7 gigawatts of power generation capacity during the five years ending March 2012. Most of it will be from coal, which now accounts for about 60% of India's energy mix. Even if India remains on track with its renewable energy plans, coal will still account for about 55% of its power supply by 2030.
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