Large coal-importing nations like India and China will look to ramp up the output of domestic coal to strengthen energy security and lessen dependence on the import of fossil fuels, Moody’s Investors Service said in a note on Tuesday.
“Large coal-importing countries such as China and India will also seek to ramp up domestic coal production to enhance energy security and reduce reliance NSE -1.20 % on coal imports. Chinese coal production surged 15 per cent in March 2022,” Moody’s Investors Service said.
