Does the proposed Adani mine in Queensland’s Carmichael Basin (and right on the edge of the Great Barrier Reef) make any sense at all?
India’s energy minister, Piyush Goyal, said way back in 2018 that India did “not wish to import any coal from anywhere in the world” and had enough domestic reserves to be self-sufficient.
With increasing use of solar, like this Adani solar plant, India does not want and does not need more of Australia’s coal
Since then the uptake of cheaper renewables has been massive, so any need to import coal today must be less than it was.
India now has “sufficient coal capacity” to power itself without Queensland’s Carmichael mine project, thanks to the increased productivity of domestic mines, cheaper renewables and lower than expected energy demand, the country’s energy minister has said.
The Minister said the country would be self-sufficient in coal, except that many power plants had been designed to run only on import quality coal.
So – given India’s strong wish to NOT import coal plus the scaling up of renewables, why is Adani Group pushing ahead at all?