Archive for the tag “Sajai Jose”

The IMF’s “shocking” estimate of fossil fuel costs: There’s more to the story

Sajai Jose

Credit: CGP Grey/Flickr, CC-BY 2.0
Credit: CGP Grey/FlickrCC-BY 2.0

Recently, when an International Monetary Fund research paper revealed that the actual cost of fossil fuel usage for 2015 was a staggering US$ 5.3 trillion (approx. 340 lakh crore rupees), it made headlines worldwide, though it went largely unreported in India.

What accounts for the bulk of this figure are the hidden costs of fossil fuel use – referred to as ‘externalities’ in economics calculated in monetary value. Most of it consists of damages inflicted by fossil fuel use on public health (for eg. deaths from air pollution) and the environment (global warming). Read more…

Why Greenpeace is first on the chopping block

Sajai Jose

620gre

As Greenpeace India struggles to stay afloat, the real reason why the government wants to shut down the global environmental NGO hasn’t got much attention: Coal, the single biggest source of primary energy in India, is at the heart of the Narendra Modi government’s ambitious plans to ramp up industrial production in the country.

A total of 1,199 new coal-based thermal power plants with a total installed capacity of more than 1.4 million MW proposed worldwide, the lion’s share—455 plants—are in India, according to data from the World Resources Institute. Read more…

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