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There's a gap, however – all 6 big Wall Street banks still allow themselves to fund coal power projects in the developing world, where the vast majority of coal power buildout is planned. Now, it is our job to hold banks accountable to their coal mining commitments, and push them to cut off support for coal power around the world.

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capacity of 2,09,276 MW is generated using coal. India ranks fourth in coal reserves (286 BT) and is the third largest coal-producing country in the world. Though coal demand has risen by around 9% over the last four years (FY 2006-07 to 2010-11), production which grew by around 5% during the same period has not kept up with it.

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Coal production leads the Indian mining industry, accounting for 78 percent of total mineral sector production. India's coal reserve is estimated at 301.5 billion tons (10 percent of global reserves). India's demand for coal continues to increase to meet the needs of coal …

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For example, Nagaland has its own coal policy which allows its natives to mine coal from their respective lands. Similarly, coal mining in Meghalaya was rampant till imposition of ban on coal mining by National Green Tribunal. The Nagaland Coal and Meghalaya Coal has large buyers in North India, Central India and Eastern India.