Category Archives: energy

Arunachal Pradesh’s first commercial coal mine starts operations tomorrow

**Arunachal Pradesh’s First Commercial Coal Mine to Begin Operations Tomorrow**

*By Dwaipayan Roy | October 5, 2025, 6:41 PM*

Arunachal Pradesh is set to enter the coal mining industry with the inauguration of its first commercial coal mine at the Namchik-Namphuk coal block in Changlang district tomorrow. The ceremony will be led by Union Coal Minister G Kishan Reddy, who will perform the Bhoomi Poojan and officially hand over the mining lease.

As part of the event, Minister Reddy will also flag off machinery for Coal Projects Private Limited (CPPL), the company that will commence operations at the site. In a move towards environmental sustainability, he will plant 100 trees to support a green initiative.

### The Journey of Namchik-Namphuk Coal Block

The Namchik-Namphuk coal block holds significant reserves estimated at 1.5 crore tons. Originally allocated in 2003, the project faced numerous delays and operational hurdles over the years. However, in 2022, the coal block was revived through a transparent auction process, marking a new era of private sector participation in Arunachal Pradesh’s mining sector.

This marks a milestone not only for the state but also for India, which currently ranks as the world’s second-largest coal producer. Arunachal Pradesh is now poised to contribute to this status through its maiden commercial coal mining activity.

### Economic Impact and Employment

The commercial mining launch is expected to generate over ₹100 crore in annual revenue for Arunachal Pradesh. Beyond revenue generation, the project is anticipated to create substantial employment opportunities for the local youth, boosting the state’s socio-economic development.

This initiative aligns with Prime Minister Narendra Modi’s vision of EAST – Empower, Act, Strengthen, Transform – which guides development efforts across India’s Northeast region.

### Promoting Responsible Resource Management

By formalizing coal mining operations, the state aims to eradicate illegal mining activities that have previously led to resource exploitation and wastage. This move is expected to introduce transparency and accountability in managing Arunachal Pradesh’s precious natural resources.

Moreover, the government has announced plans to auction two critical mineral blocks in Arunachal Pradesh and five additional blocks in Assam. This highlights the growing importance of the Northeast region within India’s strategic and technological mineral landscape.

The inauguration of the Namchik-Namphuk coal mine marks a new chapter for Arunachal Pradesh, setting the stage for sustainable development while contributing to India’s overall energy and mineral production goals.
https://www.newsbytesapp.com/news/business/arunachal-pradesh-to-start-commercial-coal-mining-on-october-6/story

Arunachal Pradesh’s first commercial coal mine starts operations tomorrow

**Arunachal Pradesh’s First Commercial Coal Mine to Start Operations Tomorrow**

*By Dwaipayan Roy | October 5, 2025, 6:41 PM*

Arunachal Pradesh is set to inaugurate its first commercial coal mine at the Namchik-Namphuk coal block in Changlang district tomorrow. The ceremony will be led by Union Coal Minister G Kishan Reddy, who will perform the Bhoomi Poojan and officially hand over the mining lease. Additionally, he will flag off machinery for Coal Projects Private Limited (CPPL) to begin operations at the site and plant 100 trees as part of a green initiative.

**Namchik-Namphuk Coal Block: A Historical Overview**

The Namchik-Namphuk coal block, which holds reserves of approximately 1.5 crore tons, was initially allocated in 2003. However, the project faced several delays and stoppages due to operational challenges over the years. In 2022, the block was revived through a transparent auction process, facilitating private sector participation in Arunachal Pradesh’s mining industry.

This marks a significant milestone for Arunachal Pradesh as it embarks on its coal mining journey, positioning itself within India’s coal sector — India being the world’s second-largest coal producer.

**Economic Impact: Revenue and Employment**

The commencement of commercial coal mining in Arunachal Pradesh is expected to generate over ₹100 crore annually in revenue for the state. More importantly, it will create valuable employment opportunities for local youth, contributing to the region’s economic development.

This initiative aligns with Prime Minister Narendra Modi’s vision of EAST (Empower, Act, Strengthen, Transform), a guiding philosophy aimed at uplifting the Northeast region of India through sustainable growth and development.

**Sustainable Resource Management and Future Plans**

The launch of formal commercial mining will help curb illegal mining, exploitation, and wastage of the state’s natural resources. It is anticipated to bring greater transparency and accountability to the management of Arunachal Pradesh’s rich mineral wealth.

Furthermore, the government has announced plans to auction two critical mineral blocks in Arunachal Pradesh and five in Assam. These moves underscore the growing strategic importance of the Northeast region in India’s technological and mineral landscape.

With these developments, Arunachal Pradesh is poised to play a vital role in India’s broader mining sector while promoting sustainable economic growth.
https://www.newsbytesapp.com/news/business/arunachal-pradesh-to-start-commercial-coal-mining-on-october-6/story

Arunachal Pradesh’s first commercial coal mine starts operations tomorrow

**Arunachal Pradesh’s First Commercial Coal Mine to Commence Operations Tomorrow**

*By Dwaipayan Roy | October 5, 2025, 6:41 PM*

Arunachal Pradesh is set to make a significant leap in its mining sector with the inauguration of its first commercial coal mine at the Namchik-Namphuk coal block in Changlang district tomorrow. The ceremony will be led by Union Coal Minister G Kishan Reddy, who will perform the Bhoomi Poojan and officially hand over the mining lease.

During the event, Minister Reddy will also flag off the machinery for Coal Projects Private Limited (CPPL) to commence operations at the site. As a part of a green initiative, he will plant 100 trees, underscoring the commitment to environmentally responsible mining practices.

**A Long-Awaited Milestone: The Namchik-Namphuk Coal Block**

The Namchik-Namphuk coal block, which holds an estimated reserve of 1.5 crore tons of coal, was initially allocated in 2003. However, the project faced numerous delays and operational challenges over the years. It was in 2022 that the block was revived through a transparent auction process, opening the door for private sector participation and marking Arunachal Pradesh’s formal entry into the coal mining industry.

This development is particularly significant as India currently ranks as the world’s second-largest coal producer, and Arunachal Pradesh’s new role will contribute to bolstering the country’s coal output.

**Economic Benefits and Employment Opportunities**

The launch of commercial coal mining in Arunachal Pradesh is expected to generate an annual revenue of over ₹100 crore for the state government. Additionally, it will create numerous employment opportunities for local youth, providing a boost to the region’s economy.

This initiative aligns closely with Prime Minister Narendra Modi’s vision for the Northeast region, encapsulated in the EAST framework—Empower, Act, Strengthen, Transform—which guides development projects throughout the area.

**Promoting Transparency and Sustainable Resource Management**

One of the key benefits of the commercial mining operation is the anticipated end of illegal mining activities and resource exploitation that have previously plagued the region. The government aims to bring transparency and accountability to the management of Arunachal Pradesh’s natural resources through this official and regulated mining operation.

Furthermore, plans are underway to auction additional critical mineral blocks—two in Arunachal Pradesh and five in neighboring Assam—highlighting the Northeast’s growing importance in India’s strategic minerals and technology sectors.

The inauguration of the Namchik-Namphuk coal mine marks a new chapter in Arunachal Pradesh’s economic development, promising growth, sustainability, and prosperity for the region.
https://www.newsbytesapp.com/news/business/arunachal-pradesh-to-start-commercial-coal-mining-on-october-6/story

Aboitiz-Vivant-Vena JV to build Northern Samar transmission assets

MANILA, Philippines — Lihangin Wind Energy Corp. (LWEC) will build point-to-point transmission facilities to directly connect its wind park in Northern Samar to the power grid.

LWEC secured approval from the Energy Regulatory Commission (ERC) on Thursday for its proposed project. The project involves the development of its own point-to-point transmission facilities for its 206.25-megawatt San Isidro Wind Power Plant.
https://business.inquirer.net/550606/aboitiz-vivant-vena-jv-to-build-northern-samar-transmission-assets

Asia shares, gold rise on US shutdown watch

Oil prices declined recently amid expectations of an increase in OPEC production. Market participants anticipate that the organization will boost output, putting downward pressure on crude prices.

Meanwhile, China’s manufacturing activity has contracted for the sixth consecutive month, highlighting ongoing challenges in the sector. This persistent slowdown contributes to concerns about the broader economic recovery in the region.

In European markets, Euro Stoxx 50 futures dipped during early trading, reflecting investor caution amid these global economic developments. Traders are closely monitoring how these factors will influence market sentiment moving forward.
https://thewest.com.au/business/asia-shares-gold-rise-on-us-shutdown-watch-c-20187675

India’s first deep-sea mineral auction indefinitely postponed: Here’s why

**India’s First Deep-Sea Mineral Auction Indefinitely Postponed: Here’s Why**

*By Mudit Dube | Sep 29, 2025, 05:20 PM*

India’s inaugural auction of deep-sea mineral blocks, rich in critical minerals, has been indefinitely postponed. According to government officials who spoke to Moneycontrol, the decision comes following a lukewarm response from potential bidders.

### Initial Launch and Auction Blocks

The auction was launched in November, offering 13 mineral blocks for bidding. These included three lime mud blocks, three construction sand blocks, and seven polymetallic nodule blocks. These blocks are spread across a vast region from the Arabian Sea in the west to the Andaman Sea in the east.

### Multiple Deadline Extensions and Postponement

Initially, the bidding deadline was set for February 27, but it was extended multiple times—to April 2, May 1, and then August 22. Despite these extensions, the auction did not take place on August 22 as planned. An official confirmed to Moneycontrol that the government decided to postpone the auction to encourage broader participation. A new date for the event is yet to be announced.

### Importance of Mineral Deposits

The blocks on offer are rich in critical minerals such as cobalt, copper, manganese, and nickel. These minerals are essential for manufacturing electric vehicles (EVs), defense equipment, and renewable energy technologies—industries that are crucial for India’s strategic growth and technological advancement.

### Environmental Concerns and Local Opposition

Despite the strategic significance, the auction has met with resistance from political parties in Kerala and local fishing communities, who have raised concerns about the environmental risks linked to undersea mineral exploration.

### Technological Challenges

Experts highlight that technology poses a significant challenge for India’s deep-sea mineral exploration. Arvind Virmani, a member of NITI Aayog, noted at the India Mining Summit on September 18, “Basically, the entire supply chain, including technology, has become concentrated. Now the whole world is scrambling to create new technologies.”

### Strategic Context: Reducing Dependence on China

China dominates the production of critical minerals, including rare earth elements utilized in electronics, EV batteries, and defense sectors. This dominance has global implications, especially following Beijing’s export restrictions on certain essential minerals.

In response, India launched the National Critical Mineral Mission earlier this year in January. The initiative aims to boost domestic exploration, enhance processing capabilities, and promote recycling of critical minerals to reduce reliance on imports and improve supply chain resilience.

India’s postponement of the deep-sea mineral auction underscores the complexities involved—from technological hurdles and environmental concerns to the need for wider stakeholder participation. The government’s strategic focus remains on harnessing critical mineral resources essential for the country’s future, while balancing ecological and socio-economic factors.
https://www.newsbytesapp.com/news/business/india-s-first-deep-sea-mineral-auction-postponed-amid-poor-response/story

India’s first deep-sea mineral auction indefinitely postponed: Here’s why

**India’s First Deep-Sea Mineral Auction Indefinitely Postponed: Here’s Why**

*By Mudit Dube | Sep 29, 2025, 05:20 PM*

India’s maiden auction of deep-sea mineral blocks, which are rich in critical minerals, has been indefinitely postponed. The decision follows a lukewarm response from potential bidders, according to government officials who spoke to Moneycontrol.

### Initial Auction and Response

The auction was launched in November, offering 13 mineral blocks, which included three lime mud blocks, three construction sand blocks, and seven polymetallic nodule blocks. As this was India’s first attempt at such an auction, some companies submitted numerous queries, highlighting the novelty and complexity of deep-sea mineral exploration.

### Schedule Changes and Extensions

Originally, the bidding deadline was set for February 27. However, the deadline was extended multiple times—to April 2, May 1, and then August 22. Despite these extensions, the auction did not take place on August 22 as planned. A government official confirmed that the postponement aims to attract wider participation in the auction. Currently, a new date for the event has yet to be finalized.

### Strategic Importance of the Mineral Deposits

The auctioned mineral blocks cover a vast area stretching from the Arabian Sea in the west to the Andaman Sea in the east. These blocks are rich in critical minerals such as cobalt, copper, manganese, and nickel. Such resources are essential components for electric vehicles (EVs), defense equipment, and renewable energy technologies.

### Environmental and Local Concerns

Despite the strategic importance, political parties in Kerala and local fishing communities have voiced concerns regarding the environmental risks of undersea mineral exploration. These apprehensions have added complexity to the auction process.

### Technological Challenges

Experts have highlighted technology as the biggest hurdle in India’s deep-sea mineral exploration efforts. Arvind Virmani, a member of NITI Aayog, noted during the India Mining Summit on September 18 that the entire global supply chain, including technology, is highly concentrated, with countries worldwide racing to develop new technologies to access these resources.

### Addressing China’s Dominance

China remains the world’s largest producer of critical minerals, including rare earth elements vital for electronics, EV batteries, and defense systems. Beijing’s export restrictions on certain critical minerals have raised global concerns over supply security.

In response, India launched the National Critical Mineral Mission in January. This strategic initiative aims to boost exploration activities, enhance domestic processing capabilities, and promote recycling of critical minerals to reduce dependency on imports and strengthen India’s position in the global supply chain.

India’s deep-sea mineral auction marks an important step towards securing essential resources for future technologies. However, challenges related to bidder participation, technology, and environmental concerns must be addressed to move forward successfully.
https://www.newsbytesapp.com/news/business/india-s-first-deep-sea-mineral-auction-postponed-amid-poor-response/story

India’s first deep-sea mineral auction indefinitely postponed: Here’s why

**India’s First Deep-Sea Mineral Auction Indefinitely Postponed: Here’s Why**

*By Mudit Dube | Sep 29, 2025, 05:20 PM*

India’s inaugural auction of deep-sea mineral blocks, rich in critical minerals, has been indefinitely postponed due to a lackluster response from potential bidders, government officials informed Moneycontrol.

### Background of the Auction

Launched in November last year, the auction featured 13 mineral blocks. These included three lime mud blocks, three construction sand blocks, and seven polymetallic nodule blocks. These blocks are located from the Arabian Sea in the west to the Andaman Sea in the east and are abundant in valuable minerals such as cobalt, copper, manganese, and nickel — all crucial for electric vehicles (EVs), defense equipment, and renewable energy technologies.

### Schedule Changes and Extensions

The original bidding deadline was set for February 27 but was extended multiple times — first to April 2, then May 1, and later August 22. However, as confirmed by an official, the auction did not take place on August 22 as initially planned.

Officials cited the need for broader participation in the auction process as the main reason behind the indefinite postponement. They also mentioned that some companies submitted several inquiries due to the novelty of this auction format. Currently, no new date has been finalized for the auction.

### Environmental and Political Concerns

Despite the strategic importance of these mineral resources, there has been opposition from certain quarters. Political parties in Kerala and local fishing communities have raised concerns about the potential environmental risks associated with undersea mineral exploration.

### Technological Challenges in Deep-Sea Exploration

Experts acknowledge that technology remains the biggest hurdle for India’s deep-sea mineral mining ambitions. At the India Mining Summit held on September 18, Arvind Virmani, a member of NITI Aayog, highlighted the challenge: “Basically, the entire supply chain, including technology, has become concentrated. Now the whole world is scrambling to create new technologies.”

### Strategic Importance Amid Global Supply Chain Dynamics

China dominates global production of critical minerals, including rare earth elements vital for electronics, EV batteries, and defense. Its export restrictions have heightened concerns worldwide about supply security.

In response, India launched the National Critical Mineral Mission in January to enhance domestic exploration, improve processing capabilities, and promote recycling of these key minerals to reduce dependency on imports.

India’s postponement of its first deep-sea mineral auction underscores the complexities involved—from technological and environmental challenges to geopolitical considerations—in securing critical resources essential for the country’s green and defense initiatives. The government continues to work towards creating a conducive environment for wider participation and successful execution of this strategic auction in the near future.
https://www.newsbytesapp.com/news/business/india-s-first-deep-sea-mineral-auction-postponed-amid-poor-response/story

The Right to be cool in a sweltering South

In June 2025, the Government of India (GoI) proposed that all new air conditioning systems (ACs) in homes, commercial spaces, and vehicles must operate within the temperature range of 20°C to 28°C, with 24°C as the default setting. The Bureau of Energy Efficiency (BEE) estimates that this proposal could save 20 billion units of energy annually, amounting to ₹10,000 crores, along with reducing emissions by 16 million tonnes.

While such energy-saving measures are important, especially during periods of potential energy shortages, there are more fundamental issues that need to be addressed. Access to air conditioning is currently severely limited in developing countries, including India. Enhancing this access is urgently required both as a public health safeguard and as a necessity for adaptation to climate change.

By treating cooling primarily as an energy and emissions concern, the need to universalize access to cooling and provide public facilities that protect vulnerable populations from heat stress often gets sidelined. In India, access to air conditioning remains severely inadequate, and the main challenge is not excessive consumption but insufficiency.

## Cooling: A Critical Adaptation Need

As rising temperatures undermine both well-being and livelihoods, cooling is no longer just a matter of comfort for the global South, but a frontline adaptation need. Yet, in 2021, only 13% of urban and 1% of rural households in India owned an AC. While efficiency and behavioral measures can reduce the emissions footprint of existing users, without simultaneously prioritizing access for the most vulnerable, such policies risk becoming symbolic gestures that fail to confront deeper inequities at the heart of climate justice.

## Weathering Inequalities

While the national average of AC ownership in India is approximately 5%, it is overwhelmingly concentrated among the urban rich. For example, in 2021, the richest 10% in India—mostly residing in urban areas—owned 72% of the total ACs. This disparity is also reflected in interstate and regional differences. In Delhi, over 32% of households owned at least one AC, while in low-income states such as Bihar and Odisha, the figure dropped to just 1%.

Despite rising temperatures in these states, public provisioning of cooling infrastructure remains severely limited. This is compounded by unreliable power supply, high appliance costs, and poor building design.

The inter-country cooling divide is even starker and more inequitable. Developed countries have long enjoyed near-universal access to thermal comfort, primarily through widespread heating systems and, more recently, increased adoption of air conditioning. In 2020, nearly 90% of households in the U.S. and Japan owned an AC, compared to 22% in Central and South America and only 6% in Sub-Saharan Africa.

The per capita electricity consumption for space cooling is 7 GJ in the U.S.—over 28 times higher than in India, 19 times higher than in Indonesia, and 13 times higher than in Brazil.

During the European heatwave, which peaked around 42°C in cities like London and Paris, urgent public investments were made in cooling infrastructure, with AC ownership doubling in Europe since 1990. The International Energy Agency (IEA) projects a four-fold increase in AC adoption in Europe by 2050.

While several major cities in the global South routinely record temperatures above 40°C, the international discourse around their rising cooling demand is widely framed as a mitigation problem—whereas in the North, it is justified as a necessary adaptation measure. This highlights a troubling hypocrisy.

## The Imperative of Cooling

The World Health Organization (WHO) estimates that between 2000 and 2019, heat exposure contributed to approximately 489,000 global deaths, with India alone recording more than 20,000 heat-related deaths during this period.

Extreme heat is increasingly recognized as one of the major health threats in the global South. However, mortality and morbidity rates reflect not only rising temperatures but also the acute shortage of protective infrastructure such as thermally secured housing, reliable electricity supply, and adequately equipped public health systems.

In 2022, the majority of healthcare facilities in high-income countries had a reliable power supply, whereas nearly one billion people in lower-middle- and low-income countries were served by facilities with unreliable or no power supply. In South Asia and Sub-Saharan Africa (SSA), 12% and 15% of health centers, respectively, had no electricity, and only 50% of hospitals in SSA reported having reliable power.

Without adequate energy infrastructure, providing essential services such as neonatal care, climate-controlled emergency rooms, and vaccine refrigeration becomes precarious because these rely on stable cooling systems.

During periods of extreme heat, countries like Kenya, Ghana, and Burkina Faso have recorded sharp spikes in cardiovascular, respiratory, and renal conditions—ailments that cannot be treated safely in overheated and underpowered facilities.

Beyond hospitals, lack of cooling access also undermines workplace safety and labor productivity. The International Labour Organization (ILO) suggests that in 2020, over 70% of the global workforce was exposed to excessive heat, resulting in 23 million occupational injuries and nearly 19,000 deaths.

These impacts were felt disproportionately in poorer countries of Africa, South Asia, and the Arab States, where informal employment dominates and workers often lack health insurance and access to ventilated and cooled workspaces.

In India, almost 80% of the labor force is engaged in sectors such as agriculture, construction, and street vending—jobs that require strenuous outdoor work.

Recognizing this vulnerability, several Indian states and cities have developed Heat Action Plans (HAPs) that include early warning systems, information sharing, heat shelters, and public awareness campaigns. However, implementation is often constrained by underfunding, limited institutional coordination, and weak legal frameworks.

As a result, millions of workers continue to face heightened risks of heat-related illnesses and income loss.

Addressing these intersecting challenges in the global South requires integrating heat resilience as a core development priority through policies that focus on stronger labor protection, targeted social safety nets, and comprehensive heat action plans.

## Climate Justice Over Efficiency

Developed countries have long ensured robust heating systems, supported by decades of unchecked emissions and generous public subsidies. Today, developing countries face a similar need for cooling but under much harsher conditions: limited financial resources, crippling energy poverty, and mounting international pressure to decarbonize.

In 2022, global carbon emissions from cooling stood at around one billion tonnes per year—still four times lower than heating-related emissions, which are mostly concentrated in the North. However, global cooling demand is projected to triple by 2050, with India alone expected to see an eightfold increase from 2020 levels.

In a carbon-constrained world, efficient and sustainable cooling solutions are instrumental. Yet, the rhetoric of efficiency often ignores the fact that such interventions require significant upfront capital, technological access, and institutional support.

As low-income nations already face staggering challenges due to economic and energy poverty, without large-scale investments in public infrastructure and access to finance from developed countries, cooling will remain unaffordable for billions in the global South.

Closing this gap is crucial to prevent avoidable deaths, protect livelihoods, and build climate-resilient public systems.

Therefore, cooling must not be treated as a climate liability to be rationed but as a non-negotiable development right essential for strengthening equity and enabling adaptation.
https://www.thehindu.com/news/national/the-right-to-be-cool-in-a-sweltering-south/article70093081.ece

India-US Trade Ties To Strengthen With Focus On Energy Security: Commerce Minister Piyush Goyal

**India Seeks to Boost Energy Trade with the US, Highlights Strategic Partnership**

*New York:* India aims to significantly increase its trade with the United States in energy products in the coming years, with a strong emphasis on US involvement in achieving the country’s energy security goals, said Commerce and Industry Minister Piyush Goyal.

“Clearly, the world recognizes that energy security is one area where we all have to work together. India is a big player in the energy field; we are major importers of energy from across the world, including from the US,” Goyal stated on Tuesday during his keynote address at an event titled *Energy Security in a Shifting Global Landscape: Building Resilient Energy Markets Across Borders.* The event was hosted by the Consulate General of India in New York, the US-India Strategic Partnership Forum (USISPF), and ReNew, India’s leading decarbonisation solutions provider.

“We expect to increase our trade with the US on energy products in the years to come. Being close friends and natural partners, our energy security goals will have a very high element of US involvement. This partnership will ensure price stability, diversified sources of energy for India, and help us unlock limitless possibilities with the US on various fronts, energy and beyond,” he added.

Goyal is currently leading a delegation in New York, engaging with US counterparts to reach an early conclusion of a bilateral trade agreement.

Noting the significance of the day, Goyal mentioned that September 22 marks the commencement of Navratri, an auspicious period in the Hindu calendar. “It is said that on this day, things are expected to turn for the better,” he remarked.

Distinguished dignitaries attending the event included Member of Parliament Anurag Thakur, Secretary in the Ministry of Petroleum and Natural Gas Pankaj Jain, USISPF CEO and President Mukesh Agni, ReNew co-founder Vaishali Nigam Sinha, and ReNew Chairman and CEO Sumant Sinha.

### Collaboration on Nuclear Power and Critical Minerals

Goyal highlighted nuclear power as another key area for Indo-US collaboration. “It’s an area we’ve been discussing for a long time. Some elements needed to be addressed, and I believe we are now working to support private efforts in nuclear power in India,” he said.

He emphasized the importance of securing resilient critical mineral supplies and diversifying sources to prevent the weaponization of trade. “We need to build infrastructure, particularly transmission grid infrastructure both within countries and across borders, which can become the backbone of the clean energy transition for various nations.”

“We all must seriously work to align our regulatory frameworks to enable cross-border energy trade without concerns that geopolitics will undermine energy resilience or security,” Goyal added.

India continues to invest in nuclear energy with ambitions to double its capacity in the coming years through government intervention, while also planning to expand on a larger scale. “There are challenges related to price and energy costs that must be addressed to make nuclear power more competitive,” he noted.

### Ambitious Clean Energy Expansion

Goyal described India as being in a “sweet spot” to expand its clean energy capacity, projecting growth from 250 gigawatts to 500 gigawatts over the next five years.

He also commented on the European Union’s Carbon Border Adjustment Mechanism (CBAM), warning of its wide-ranging implications. “In fact, it could isolate the EU and hurt their economy, making them akin to a small island. While others continue trading, the EU may face inflation, unviable infrastructure costs, and loss of market share in exports,” Goyal explained.

He cautioned against green protectionism, describing it as “like a trap. If someone buries their head in the sand, they may find it very difficult to come out.”

*Disclaimer: This story is sourced from a syndicated feed. Only the headline has been modified.*
https://www.freepressjournal.in/business/india-us-trade-ties-to-strengthen-with-focus-on-energy-security-commerce-minister-piyush-goyal