• ABOUT US
  • CONTACT
  • TEAM
  • TERMS & CONDITIONS
  • GUEST POSTS
Saturday, October 25, 2025
  • Login
Economy India
No Result
View All Result
  • Home
  • Economy
  • Business
  • Companies
  • Finance
  • People
  • More
    • Insurance
    • Interview
    • Featured
    • Health
    • Technology
    • Entrepreneurship
    • Opinion
    • CSR
    • Stories
  • Home
  • Economy
  • Business
  • Companies
  • Finance
  • People
  • More
    • Insurance
    • Interview
    • Featured
    • Health
    • Technology
    • Entrepreneurship
    • Opinion
    • CSR
    • Stories
No Result
View All Result
Economy India
No Result
View All Result
Home Economy

Over 13mn dependent on coal economy in India: Study

by Economy India
November 23, 2021
Reading Time: 3 mins read
FEATURED IMAGE ECONOMY INDIA 1 1
SHARESHARESHARESHARE

It has been reported That The A study to assess the ‘Socio-economic impacts of coal transition in India’ released on Monday has said that at a conservative estimate, more than 13 million people are employed in coal mining, transport, power, sponge iron, steel, and bricks sectors will be impacted due to the impending coal transition.

The transition out of coal will have the highest impact on the people in the states of Jharkhand, Chhattisgarh, Odisha, West Bengal, Madhya Pradesh, and Telangana, the study by the National Foundation for India (NFI), a think tank, and launched by Secretary, Ministry of Coal, Anil Jain, the company said.

ADVERTISEMENT

Coal Power

The coal transition that formed the basis of the study is with reference to India’s agreement at the recently concluded COP26 at Glasgow to a clause in the ‘Glasgow Climate Pact’ that calls for a phase down of unabated coal power while recognising the need for support towards just transitions.

The Pact also recognised that there is a need for accelerated action in this critical decade, on the basis of the best available scientific knowledge and equity, reflecting common but differentiated responsibilities and respective capabilities in the light of different national circumstances and in the context of sustainable development and efforts to eradicate poverty.

Coal Transition Worker

“I really liked the idea of defining a coal transition worker that NFI introduces in their research. We need to identify the people, whose lives and careers will be impacted when the transition happens, such that there is some quantification and targeting. It will give relief to local people and bring unions on board. Hence, it is not just a number but lives, which are in focus for this international (Glasgow) agreement. This will help in quantifying the magnitude of the problem in many senses,” Jain said as he launched the study.

Stating that the transition out of coal will have the highest impact on the people in the states of Jharkhand, Chhattisgarh, Odisha, West Bengal, Madhya Pradesh, and Telangana, the Study said, at least half of all the districts in Jharkhand (15) and West Bengal (11), 30 percent of districts in Odisha and Chhattisgarh (nine) will be impacted in the next 30-50 years when India slowly phases out coal, the company said.

Phasing out of coal in these districts will have political, social, economic, and financial consequences, especially for communities where coal mining has been a way of life for the past 200 years.

Energy Transition

Executive Director NFI, Biraj Patnaik, said: “Some of India’s most marginalised communities have suffered from the resource curse for close to a century. As we move towards a more climate resilient future, we must make sure they do not suffer the double whammy of an energy transition that leaves them behind yet again. Our report from the Phase I of our work on climate change tells us that India has to develop its own idiom and approach to climate change and just transition.”

The NFI study assessed there are 135 districts in India that have two or more assets dependent on coal, i.e., a coal mine, thermal power plant, sponge iron plant or a steel plant which are vulnerable to a coal phase down.

Jain said, India needs to prepare its economy, its workforce, and its communities for a post-coal future and “that planning needs to begin today”. (Etenergyworld)

CSR Leadership Summit
ADVERTISEMENT
India CSR Awards
ADVERTISEMENT
ESG Professional Network
ADVERTISEMENT
Tags: Biraj PatnaikChhattisgarhCoal EconomyCoal PowerCoal Transition WorkerEnergy TransitionJharkhandMadhya PradeshNational Foundation for India (NFI)OdishaTelanganaWest Bengal
Economy India

Economy India

Economy India is one of the largest media on the Indian economy. It provides updates on economy, business and corporates and allied affairs of the Indian economy. It features news, views, interviews, articles on various subject matters related to the economy and business world.

Related Posts

Trump’s 100% Tariff on China Triggers $1.5 Trillion Market Meltdown
Economy

Trump’s 100% Tariff on China Triggers $1.5 Trillion Market Meltdown

October 13, 2025
India’s Trade Deficit Expected to Reach ₹2.5 Lakh Crore in September 2025
Economy

India’s Trade Deficit Expected to Reach ₹2.5 Lakh Crore in September 2025

October 13, 2025
India Extends Export Duty and Tax Refund Scheme (RoDTEP) Until March 2026: A Comprehensive Analysis
Economy

India Extends Export Duty and Tax Refund Scheme (RoDTEP) Until March 2026: A Comprehensive Analysis

September 30, 2025
Trump Slaps 100% Tariff on Branded Drugs from October 1; India, Key Exporter, Faces Uncertainty
Economy

Trump Slaps 100% Tariff on Branded Drugs from October 1; India, Key Exporter, Faces Uncertainty

September 26, 2025
GST 2.0: FMCG Firms Expect Full Price Alignment Within Two Months
Economy

GST 2.0: FMCG Firms Expect Full Price Alignment Within Two Months

September 24, 2025
India Reaffirms WTO-Centric Fair Trade System at SCO Ministers’ Meet, Showcases Digital Public Infrastructure
Economy

India Reaffirms WTO-Centric Fair Trade System at SCO Ministers’ Meet, Showcases Digital Public Infrastructure

September 8, 2025
Next Post
FEATURED IMAGE ECONOMY INDIA 1 1

Goldman Sachs sees India's GDP at 9.1% in 2022 driven by consumption

16th CSR Leadership Summit 2025
ADVERTISEMENT
India CSR Awards
ADVERTISEMENT

LATEST NEWS

HUDCO Signs ₹5,000 Crore MoU with JNPA to Boost Port Infrastructure Development

Aditya Birla Sun Life AMC Posts ₹241 Crore Net Profit in Q2; Margins Remain Stable

Ola CEO Bhavish Aggarwal Booked for Abetment of Suicide: Engineer’s Death Sparks Major Controversy

Bollywood Music Composer Sachin Sanghvi Arrested for Alleged Sexual Assault on Woman

Vedanta to Invest ₹1 Lakh Crore in Odisha, Creating Over 1 Lakh Jobs

Putin Warns of Retaliation If US Launches Tomahawk Strikes; Calls Trump’s Sanctions on Russian Oil Firms “Hostile Acts” That Threaten Global Stability

Kurnool Inferno: 20 Dead, Dozens Injured After Hyderabad–Bengaluru Bus Catches Fire on NH-44

RBI’s Gold Reserves Cross 8.80 Lakh Kg Mark — Valued at ₹8.4 Lakh Crore; Adds 600 Kg in First Half of FY2025-26

  • ABOUT US
  • CONTACT
  • TEAM
  • TERMS & CONDITIONS
  • GUEST POSTS

Copyright © 2024 - Economy India | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Business
  • Companies
  • Finance
  • People
  • More
    • Insurance
    • Interview
    • Featured
    • Health
    • Technology
    • Entrepreneurship
    • Opinion
    • CSR
    • Stories

Copyright © 2024 - Economy India | All Rights Reserved