If we don’t curb greenhouse gas emissions now, we’ll soon be past the point of no return to save the planet.
For the local people living near Tata Mundra on the Kutch coast of Gujarat, India, this information is crucial. When the World Bank Group’s International Finance Corporation (IFC) and the Asian Development Bank (ADB) poured $900 million into one of the world’s largest coal-burning power plants, they were dooming the local residents to years of air and water pollution.
The Tata corporation attempted to justify these risks under the pretense of increasing cheap energy access for millions of people. However, Tata Mundra’s expenses quickly ballooned, and the Tata corporation requested permission to raise rates, forcing residents to foot the bill. Even if nearby communities could afford to pay for power generated by Tata Mundra they couldn’t actually access the power without costly grid extensions. Now, the residents are suffering from the health effects of coal pollution without reaping any energy access benefits.
Clearly, the Tata Mundra coal-burning power plant is not a viable solution to meet energy demands in India, and the IPCC report also shows it is the wrong choice for curbing global greenhouse gas emissions.
According to the report, the energy supply sector is the biggest climate disruption culprit. In 2010 alone, energy emissions from coal and oil accounted for 35 percent of all global greenhouse gas emissions -- and we can already see the effects.