IEA Head: India’s Coal Exit Cannot Happen Without Financial Support

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…