Archive · 8 Nov 2025
Jharkhand Plans $256 Billion Transition from Coal to Clean Industry by 2070
Jharkhand, a state that earns a lot of money from coal, is planning a big change.
They want to stop relying so much on coal and start focusing on new, clean industries like making electric car parts and using solar power.
This is because the world is trying to use less coal to help the environment.
This big change will cost a lot of money, about $256 billion, over many years until 2070.
Some of this money will help coal miners find new jobs or get support.
Some will be used to close old coal mines safely and fix the land.
The state hopes that by building new green industries, they can make new money and jobs, just like they did with coal, but in a cleaner way.
They will need help from the government, private companies, and other countries to pay for it all.
If they do this well, it could be a great example for other places in India.
Jharkhand plans a $256 billion economic transition from coal to clean industries by 2070.
The plan, developed with IEEFA, includes phased strategies for mine closure, worker support, and industrial diversification.
Approximately $12.5 billion is allocated for reskilling, income support, and enterprise promotion for those affected by the coal economy.
The state aims to become a hub for EV and battery manufacturing, solar components, and green hydrogen, leveraging its mineral reserves.
The transition strategy seeks to mobilize funds through state and central resources, private capital, and international climate finance.
- Who
- Jharkhand government in collaboration with the Institute for Energy Economics and Financial Analysis (IEEFA)
- What
- Outlined a long-term plan to transition its economy from coal dependence to clean industry, requiring an estimated $256 billion investment by 2070.
- When
- Through 2070, with planning and implementation starting now.
- Where
- Jharkhand, India
- Why
- To secure the state's fiscal base and livelihoods amidst India's pursuit of net-zero emissions by 2070 and evolving global energy demand patterns.
- Total Estimated Investment
- $256 billion (₹21.52 lakh crore)
- Target Year
- 2070
- Key Investment Areas
- Worker support, mine closure, industrial diversification, clean energy, green infrastructure
- Estimated Investment for Workers and Communities
- $12.5 billion (₹1.05 lakh crore)
- Estimated Net Mine Closure Expenditure
- $18.1 billion
- Estimated Thermal Power Plant Closure Cost
- $5.7 billion
- Potential Cumulative New Revenue by 2070
- ₹6.7 lakh crore