China, India, Indonesia Could Peak Coal Power by 2030, CREA Report Suggests

A report by the Centre for Research on Energy and Clean Air (CREA) suggests that China, India, and Indonesia, the top three countries for coal power growth, could reach peak coal consumption and emissions by the year 2030. This development is considered a significant step towards global climate goals.

China has significantly increased its solar and wind energy capacity, with substantial additions in 2024 and the first half of 2025. This surge in clean energy is already leading to a decline in its power sector emissions.

India is projected to meet its target of 500 gigawatts (GW) of non-fossil fuel capacity by 2030, which CREA believes is sufficient to peak its power sector CO₂ emissions. The country has made progress towards this goal, boosted by its rapidly growing domestic solar manufacturing industry.

Indonesia has a plan to install 100 GW of solar power, which could also lead to an emissions peak by 2030. However, CREA notes a potential delay due to the country's current plans favouring new coal and gas projects over clean energy.

Impact: This news has a high potential impact on the Indian stock market, particularly for companies in the renewable energy sector, power generation, and potentially impacting traditional coal-based energy companies. It signals a strong shift in energy policy and investment direction. Rating: 8/10.

Difficult Terms: Centre for Research on Energy and Clean Air (CREA): A global research organisation that provides analysis on energy and climate change issues. CO₂: Carbon Dioxide, a greenhouse gas primarily responsible for climate change. Paris Agreement: An international treaty adopted in 2015 to combat climate change, aiming to limit global warming. GW: Gigawatt, a unit of power equal to one billion watts. It's used here to measure electricity generation capacity. COP30: The 30th Conference of the Parties to the United Nations Framework Convention on Climate Change, a major international climate summit.