Economic Survey 2024-25: Prioritize development before net zero
The Economic Survey 2024-25 argues against shutting down coal-based power plants, citing a lack of economic rationale. It states that India should focus on becoming a developed country by 2047 before targeting net-zero emissions by 2070. India’s coal-fired power plants, mostly commissioned in the 2010s, still have substantial lifespans. Unlike the US and Europe, which…