Jharkhand to Repurpose 45,000 Hectares of Coal Land for Net-Zero Transition, Study Finds
A study by iFOREST reveals that Jharkhand can repurpose 45,000 hectares of coal mining land to aid India's net-zero transition, with over 11,000 hectares from closed mines available immediately. The state, which has generated Rs 16,977 crore from the District Mineral Foundation, aims to invest in renewable energy and green manufacturing over the next 5-10 years, while also highlighting its potential for 77 GW of renewable energy and the need to transition from its reliance on fossil fuels, which currently account for 32% of its revenue.
Theia Market Signal Identification - AI Assisted
A study by iFOREST indicates that Jharkhand can repurpose approximately 45,000 hectares of coal mining land to support India's net-zero transition. Over 11,000 hectares from closed coal mines are immediately available, with further repurposing planned over the next 5-10 years for green investments, including renewable energy and green manufacturing.
The state has accrued Rs 16,977 crore from the District Mineral Foundation, which can fund transition-aligned initiatives. Jharkhand holds 77 GW of renewable energy potential and is positioned to lead in green steel and hydrogen adoption, leveraging companies like Tata Steel. The study also identifies eight priority districts for transition, emphasizing that 32% of the state's revenue comes from fossil fuels, highlighting the significant impact of this shift.
Comments