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As the world shifts away from fossil fuels, workers in coal-mining states in India are bracing for job losses, Bloomberg reports.
According to a report from the Center for Policy Research, Jharkhand, Chhattisgarh, Madhya Pradesh, Odisha, and West Bengalthe five most-populated states in Indiause 85% of the country's solid fossil fuel production, including coal, natural gas, and oil.
And those states are some of the hardest-hit by the shift away from fossil fuels, Bloomberg reports.
According to a report from the Center for Policy Research, Jharkhand alone could lose nearly $9.2 billion per year in revenue if coal mining and electricity production cease, Bloomberg reports.
And that's not just for the miners.
According to a report from the Center for Policy Research, public-sector companies that generate electricity using fossil fuels "may have limited avenues aside from diversification away from their core businesses."
And while renewable energy is expected to play a bigger role in India's economy in the future, coal mining is expected to continue to be a major source of energy for years to come.
India has set a goal of getting 50% of its energy from renewable sources by 2030, but coal consumption is expected to continue its upward trend for the next few years, according
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Foundation: Lilly Endowment
All In Kosciusko exists to promote and accelerate the economic and community development already happening across the county.Concerns about economic diversification, talent retention and quality of...more
The Bill Gatton Foundation supports K-12 and higher education, health, and community development in Kentucky, Upper East Tennessee, and Southwest Virginia.Large education grants include $13.5 million...more
Local organizations win $9 million for new affordable housing, social services.Connecticut's Community Investment Fund grants come amid a deluge of cuts to federal funding.The fund was established in...more
Foundation: Parasol Tahoe Community Foundation
Parasol Tahoe Community Foundation has proudly supported Bread & Broth for the past 10 years.In 2024, the Community Foundation was able to introduce the mission of Bread and Broth to a donor who is...more
Foundation: Latino Community Foundation
Latino Community Foundation Awards $3.88M in Grants Across California and Nevada.NewsBreak: Latino Community Foundation awards $3,000,000 in grants across California andNevada.Newsbreak: $1.5 million...more
Alejandro Betancourt Lopez rejects traditional corporate social responsibility models that separate business operations from community impact.Rather than limiting community engagement to corporate...more
Thoughtful giving isn't just about making a donation, it's about creating meaningful impact.Community foundations exist to connect generosity with need, ensuring that charitable giving is both...more
Kareem Thomas most recently served as Chief Credit and Lending Administration Officer at Reinvestment Fund.Bhavani Daryanani has more than 20 years of experience in the sector, bringing deep...more
SECU Foundation has been named a recipient of the 2024 Carolinas Credit Union Foundation Hero Award for Partner in Philanthropy.The SECU Foundation promotes local community development in North...more
Foundation: Hutchinson Community Foundation
Residents say increases in average household income and businesses that pay above average wage are the top indicators of economic progress in Reno County.They also identify attracting new businesses,...more
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