How can India's electricity grids be weaned off coal
'More finance needed to wean India’s electricity grids off coal'
- Investment in renewable energy sources: Increasing the availability of finance can help India invest in renewable energy sources like solar, wind, hydro, and nuclear power. These clean alternatives can gradually replace coal-based electricity generation.
- Grid modernization: Additional funding can enable the upgrade of India's electricity grids, making them more reliable and efficient. This can facilitate the integration of intermittent renewable energy sources into the grid, effectively reducing the dependence on coal.
- Research and development: Increased financial support can be allocated towards research and development initiatives focused on energy storage technologies. Efficient energy storage can help overcome the intermittency of renewable sources, enabling a more stable and reliable electricity supply without the need for coal-powered plants.
- Incentives and subsidies: More finance can be used to provide incentives and subsidies for consumers and industries to transition away from coal. This can include providing financial assistance for the installation of solar panels or promoting energy-efficient technologies and practices, further encouraging a shift towards cleaner energy sources.
- International collaborations: Financial aid from international organizations and collaborations with foreign governments can boost India's efforts to transition to cleaner energy sources. This can support the development of infrastructure and technology required for greener grids and reduce the financial burden on India.
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