In a significant step toward a just energy transition, the government of India launched ARTHA, a new green financing framework designed to repurpose decommissioned coal mines.
The announcement was made by the Ministry of Coal in Mumbai at a recent awards ceremony.
The framework will provide funding for a range of sustainable projects on de-coaled land, aiming to transform environmentally degraded areas into hubs for new economic activity.
The framework is expected to attract investment and create new economic opportunities in regions historically dependent on coal mining.
The launch of ARTHA is a key part of India’s broader strategy to balance its continued reliance on coal for energy security with its climate goals.
The government is also releasing a practitioner’s guide for mine closure, underscoring a comprehensive approach to managing the transition.
This initiative is a core component of the Ministry of Coal’s commitment to responsible and sustainable mine closure practices, which includes ecological restoration and community development.
