No, because even this year, with a significant slowdown in the Indian economy, combined with record monsoon rains which significantly boosted hydro power generation, as well as a recovery in nuclear power generation from the previous year (to 80% capacity utilisation, from 60% in the previous year) when several nuclear facilities were down for maintenance, there was still a near-2% rise in emissions from India.
India's coal-fired power plants are currently running at less than 60% capacity utilisation, so as soon as the market tightens, these are sure to be ramped up.
As it happens, recent reports are that the conservative government in India is looking to waive the carbon tax on coal, in order to provide capital liquidity to the thermal coal generators.
