Carmichael mine's new hurdle: analysts predict India's coal imports zero by 2021
by Oliver Milman from on (#H165)
Adani's $16bn coalmine would be left 'stranded', says energy institute, by India's plan to install renewable energy plants and upgrade grids
Queensland's huge Carmichael coal project, fresh from parting ways with the Standard Chartered bank, faces being left marooned with a new forecast predicting India will phase out coal imports by 2021.
Climate activists have welcomed Standard Chartered's announcement that it is giving up its role advising the Indian mining giant Adani over its $16bn Carmichael mine, which is planned for the Galilee Basin region of central Queensland.
Continue reading...