India’s transition away from coal as a fuel would be hampered by the Russia-Ukraine war, according to Finance Minister Nirmala Sitharaman.
“One calculation which I think we had in our mind was that the transition [ away from coal] ... will be enabled my natural gas,” Ms. Sitharaman said in Washington DC, at a roundtable organised by the Atlantic Council, a think-tank.
However, the price of crude has gone up due to the situation in Europe, as has the price of natural gas — a “transition fuel” for India — in addition to it being in short supply, said Ms. Sitharaman, who is in Washington D.C. for the World Bank International Monetary Fund (IMF) spring meetings.
