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As the world shifts away from fossil fuels, workers in coal-mining states in India are bracing for job losses, Bloomberg reports.
According to a report from the Center for Policy Research, Jharkhand, Chhattisgarh, Madhya Pradesh, Odisha, and West Bengalthe five most-populated states in Indiause 85% of the country's solid fossil fuel production, including coal, natural gas, and oil.
And those states are some of the hardest-hit by the shift away from fossil fuels, Bloomberg reports.
According to a report from the Center for Policy Research, Jharkhand alone could lose nearly $9.2 billion per year in revenue if coal mining and electricity production cease, Bloomberg reports.
And that's not just for the miners.
According to a report from the Center for Policy Research, public-sector companies that generate electricity using fossil fuels "may have limited avenues aside from diversification away from their core businesses."
And while renewable energy is expected to play a bigger role in India's economy in the future, coal mining is expected to continue to be a major source of energy for years to come.
India has set a goal of getting 50% of its energy from renewable sources by 2030, but coal consumption is expected to continue its upward trend for the next few years, according Read the Entire Article
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Social Entrepreneurship
Spotlight
Partnerships in Social Enterprises Can Increase Social Impact
Chief executive of HCT, Dai Powell, shares the experiences and practical lessons he learned along the way when teaming up with Ealing Community Transport to deliver site transport during the Olympic Park construction.
