Analyst's Diary: Betting against coal

The mercury is climbing, and so is the nation's need for power. In the past two years, India has witnessed two sweltering summers, breaking records held for over a century. A direct consequence of this barrage of heatwaves has been an unprecedented growth in the nation's power demand. The government, too, is buckling up and plans to double the nation's power generation capacity to 870 GW by 2030.