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Coal is going to be back again as gas becoming unaffordable: FM Nirmala Sitharaman

·         In an annual meeting of the IMF and the World Bank, she cited Austria's example and claimed that the western world was moving to coal

Speaking about the global economic crisis, Union Finance Minister Nirmala Sitharaman said that coal is going to be back again as gas has become unaffordable. In an annual meeting of the International Monetary Fund (IMF) and the World Bank, she cited Austria's example and claimed that the western world was moving to coal.

"The Western world has seen countries moving to coal. Austria has already said, and today…they are going back to coal," Sitharaman told the media. Russia has sharply curtailed natural gas shipments to Europe in retaliation for sanctions that the West put in place after it invaded Ukraine.