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Sustainable Strategies for the Indian Coal Sector: An Econometric Analysis Approach

journal contribution
posted on 2024-11-03, 10:26 authored by Animesh Mishra, Niladri Das, Prem ChhetriPrem Chhetri
Thermal power generation based on coal has been identified as the second largest polluting industry due to the greenhouse gas emissions caused by coal combustion. The pollution caused by this industry is not limited to power generation, but it also manifests itself throughout the use of products. Although a huge emphasis has been placed on replacing coal-based power generation with renewable resources, we showed that Indian power generation will depend on coal for more than fifty percent of its demand in the near future. In our study, we utilized a combination of linear cointegration, non-linear cointegration, ARIMA, and the VECM to forecast the use of coal based on the Indian industrial index and the amount of electricity generated through coal combustion required to meet the demand. Given that pollution and carbon emissions are inherent in the coal usage cycle, we drafted policy implications and recommendations to mitigate the consequences, green the coal usage cycle, and improve the coal supply chain.

History

Journal

Sustainability (Switzerland)

Volume

15

Number

11129

Issue

14

Start page

1

End page

21

Total pages

21

Publisher

MDPI AG

Place published

Switzerland

Language

English

Copyright

Copyright: © 2023 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https:// creativecommons.org/licenses/by/ 4.0/).

Former Identifier

2006125477

Esploro creation date

2023-09-29

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