In India, coal consumption and production has doubled in the last 15 years. The federal government sees coal as a key driver of economic growth in the coming decades as well. Traditionally, coal mining and coal based power generation have been funded by the public enterprise and operated by the State. The speakers on day one spoke about various topics involving coal financing and they shared their answers to the following questions:
- How does public financing of coal take place in India and how is it linked to climate change?
- What role does international financing institutions play in funding coal in India?
- How can the banking sector redeem itself in bringing about “just transition” in the Indian energy sector?