Articles in topic: General

India’s Blackouts And The Dark Future Of Emerging Markets: More Disruptions, More Coal

The good news is that power has been restored in Northern India after a grid failure left over half its population (600 million people) without electricity. The bad news follows, and does so on three levels. The most obvious is that vast tranches of the developing world currently lack access to energy supplies. The second is that more explosive outages will hit in a wide range of emerging markets where import dependency for fuel is high, but subsidised prices for domestic end users are even higher. The third, and perhaps most disturbing fact, is that coal is the global fuel of the future to plug enormous demand side gaps across the developing world. Forget OECD renewables greenwash; the world is going to get exponentially dirtier in future.