India and other developing nations should get international financial support, as well as strong government commitment and aid, in order to phase out coal and contribute to emissions reduction, Fatih Birol, the Executive Director of the International Energy Agency (IEA), said on Wednesday at an energy event. The world as a whole needs to exit coal, he said, but noted that for many coal-dependent nations, including India, the exit would need a lot of international financial assistance, and it would not be fair to ask emerging economies to stop using coal without support. “Therefore it is extremely important on how we on one hand get out of the coal and at the same time do not have a negative impact on emerging markets,” Birol said at the Energy Horizons Leadership Dialogue organized by Council on Energy, Environment and Water (CEEW), cited by Indian outlet PTI. “So in my view, […]