World Bank must aid countries to manage shift away from coal
Posted on:24 Oct 2016 18:25:04
Free Current Affairs to Your Email
24 October 2016 Current Affairs: The global development lenders like the World Bank and Asian Development Bank (ABD) must provide help countries including India to shift away from coal for energy purpose.
It was proposed by the World Coal Association to finance countries to help them to shift from their to more efficient technologies so that they can meet their COP21 commitments.
Coal is backbone of countries energy mix to meet their energy demands. Even if countries push towards renewable energy they are not going to do away with coal in overall energy mix.
In absence of any funding countries invest in inefficient sub-critical thermal plants, which have much higher CO2 and particulate matter (PM) emissions. Thus, leading to higher emissions.
The aid global development lenders will facilitate countries to adopt Super critical and ultra-super critical (USC) plants technologies.
Benefits of aid from global development lenders : Super critical and ultra-super critical (USC) plants technologies have capability to substantially reduce CO2 emissions and virtually eliminate PM emissions.
It will help countries in reducing their emissions from coal, rather than reducing coal itself and meet target provided in Intended Nationally Determined Contributions (INDCs). Thus some target of Paris agreement on Climate Change about reducing the emissions from coal power plants will be achieved.
FreshersLive - No.1 Job site in India. Here you can find latest 2017 government as well as private job recruitment notifications for different posts vacancies in India. Get top company jobs for both fresher and experienced. Job Seekers can get useful interview tips, resume services & interview Question and answer. Practice online test free which is helpful for interview preparation. Register with us to get latest employment news/rojgar samachar notifications. Also get latest free govt and other sarkari naukri job alerts daily through E-mail.