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<oembed><version>1.0</version><provider_name>Climate Change Dispatch</provider_name><provider_url>https://climatechangedispatch.com</provider_url><author_name>Thomas Richard</author_name><author_url>https://climatechangedispatch.com/author/ccdeditor/</author_url><title>India To Overtake China As The World's Biggest Coal Importer</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="6XXtXGUD7I"&gt;&lt;a href="https://climatechangedispatch.com/india-to-overtake-china-as-the-world-s-biggest-coal-importer/"&gt;India To Overtake China As The World&#x2019;s Biggest Coal Importer&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://climatechangedispatch.com/india-to-overtake-china-as-the-world-s-biggest-coal-importer/embed/#?secret=6XXtXGUD7I" width="600" height="338" title="&#x201C;India To Overtake China As The World&#x2019;s Biggest Coal Importer&#x201D; &#x2014; Climate Change Dispatch" data-secret="6XXtXGUD7I" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>India is set to overtake China as the biggest importer of power-station coal. Indian thermal-coal imports will surpass China's by 2017 or sooner, Bloomberg Intelligence analysts William Foiles and Andrew Cosgrove said in a report. China, the world's biggest energy consumer, is cutting down on coal use to fight pollution. India and its regional peers including Indonesia, Vietnam, Japan and South Korea plan to increase their combined coal-fired generating capacity by more than 204 gigawatts, or 60%, through 2019, as per the report. --Bloomberg, 17 April 2015 India has announced that it will double its coal use by 2020, in the process overtaking the U.S. as the world's second largest coal consumer after China. The International Energy Agency predicts that global coal demand, along with that of oil and gas, will still be rising in 2040, when fossil fuels will account for three-quarters of energy use. Asia in particular is destined for an enormous burst of coal investment. A great deal of the funding will likely come from the new Asian Infrastructure Investment Bank, AIIB, an initiative promoted by China in the face of staunch U.S. opposition. The AIIB initiative &#x201A;&#xC4;&#xEC; and its boost to coal-fired funding &#x201A;&#xC4;&#xEC; leaves the U.S. president looking even more lonely on the geopolitical shore, a lame duck Canute vainly commanding the seas &#x2014; and smokestacks &#x2014; not to rise. --Peter Foster, Financial Post 17 April 2015</description><thumbnail_url>https://climatechangedispatch.com/wp-content/uploads/images_pics8_india-rise.jpg</thumbnail_url></oembed>
