Glut in Indian coal market, plans to phase out imports and lower than forecast energy demands cast doubt on future for exports from proposed Adani mine
Malcolm Turnbull is adamant that Australian coal will play “a very big role” in powering India’s future despite a glut in the local market and clear signals from Delhi that it aims to eliminate imports of the fossil fuel as soon as possible.
The prime minister touched down in New Delhi on Monday for his first official visit to the south Asian giant. Selling Australia as an attractive destination for Indian students and reviving negotiations over a free-trade agreement are high on the agenda as the government vies for a slice of the world’s fastest growing major economy.
Source: Guardian Climate Change