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A lot of news coming out of India is hype. I promise you that at night we burn 50% ash - lignite coal to compensate for downticks in solar and upticks in consu
by kumarski 10y ago
A lot of news coming out of India is hype.
I promise you that at night we burn 50% ash - lignite coal to compensate for downticks in solar and upticks in consumption.
For the next few years we'll be opening a new coal plant each month.
To give you an idea of how far we are behind as an energy grid.
The US & China each Produce about 4000 Terawatt Hours Per a Year.
India is somewhere in the ~1500 Terawatt hours per a year.
To make up the difference we're going to burn a ton of coal, the worst kind of coal.
- bandrami 10y agoOn the plus side, people can burn the old ₹1000s now instead...
- jjawssd 10y agoIs there no unofficial market for it?
- bandrami 10y agoI haven't been back since demonetization, and I'm kind of curious to learn the answer to your question too...
- virtuabhi 10y agoIf notes are not legal and you do not want to pay penalty then you can sell them to scrap dealer. The current rate is Rs 8/kg.
- jjawssd 10y agoI am not satisfied with this answer. I want to know if there is a real black market for these notes.
- bandrami 10y agoThat would essentially be a betting market on whether Modi is going to back down on this or not. I'd assume there is some dude in Dongri who will buy them at a discount in hope of hitting it big, but I haven't heard of an actual "black market" in the normal sense of that word, because most people seem to think the government's going to stick with it.
- bandrami 10y agoI spoke too soon: an economist[1] reports there is a black market with a discount rate of about 20%. [1] https://www.alt-m.org/2016/11/28/indias-currency-cancellation-seigniorage-and-cantillon-effects/ https://www.alt-m.org/2016/11/28/indias-currency-cancellatio...
- prashnts 10y agoI don't know why were you downvoted, but it really is true. If they really cared about the environment, the massive pile of garbage in Delhi would stop being burned [1]. This is the National Capital we're talking about. And the landfill is not somewhere far off the city either, you can see it smoking if you board a yellow line Samaypur bound train and look outside the windows near Azadpur station. So yeah, we're going to burn a ton, or two of coal, and keep building Solar power plants. To be fair, I applaud the efforts being taken, however, pretending that the problems don't even exist is what's unfortunate. [1] http://www.ndtv.com/delhi-news/smouldering-mountains-of-garbage-poison-delhis-air-water-1292267 http://www.ndtv.com/delhi-news/smouldering-mountains-of-garb...
- kumarski 10y agoI don't know either.