China, despite a pledge to go carbon neutral by 2060, has moved ahead with coal-powered plants, only modestly increasing ambitions for renewables in its latest five-year development plan.
Australia's share of imports came down to zero from 68.4% in January-February 2020, according to the data, while the United States boosted its share to 9.1% from under 2%, and Canada went to 12.1% from 6.1%.
The Policy is aimed at the utilization of coal reserves especially at Thar coalfield to generate alternative fuels from coal such as synthetic gas and diesel to reduce the heavy reliance on imported fuels.
The effort, though, may be the start of something larger. And if Coal India can minimise its financial outlay as it taps into the hyper-hot fields of green investment that could help it scrape out of the investor pits.
About 70 ships containing an estimated 6 million tonnes of Australian thermal and metallurgical coal were sitting off the coast of China waiting to unload, according to ANZ commodity strategists.