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A Framework for Climate Change Mitigation in India

By: Jean Chateau,Geetika Dang,Ms. Margaux MacDonald,John A Spray,Sneha D Thube

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A Framework for Climate Change Mitigation in India

By: Jean Chateau,Geetika Dang,Ms. Margaux MacDonald,John A Spray,Sneha D Thube

Climate change poses challenging policy tradeoffs for India. The country faces the challenge of raising living standards for a population of 1.4 billion while at the same time needing to be a critical contributor to reducing global GHG emissions. The government has implemented numerous policies to promote the manufacturing and use of renewable energy and shift away from coal, but much still needs to be done to reach India’s 2070 net zero goal. Reducing GHG emissions will almost certainly have a negative impact on growth in the short run and have important distributional consequences for individuals and communities who today rely on coal. But with the right policies, these costs—which are non-negligible but dwarfed by the cost of climate change over the next decade if no action is taken—can be significantly curtailed. This paper provides an in depth review of the current climate policy landscape in India and models emissions trajectories under different policy options to reduce GHG emissions.

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Page Count

49

Publisher

International Monetary Fund

Published Date

ISBN 13

9798400247002

A Framework for Climate Change Mitigation in India

By: Jean Chateau,Geetika Dang,Ms. Margaux MacDonald,John A Spray,Sneha D Thube

Write a review Read reviews Take a Quiz Solve Book Puzzle

A Framework for Climate Change Mitigation in India

By: Jean Chateau,Geetika Dang,Ms. Margaux MacDonald,John A Spray,Sneha D Thube

Climate change poses challenging policy tradeoffs for India. The country faces the challenge of raising living standards for a population of 1.4 billion while at the same time needing to be a critical contributor to reducing global GHG emissions. The government has implemented numerous policies to promote the manufacturing and use of renewable energy and shift away from coal, but much still needs to be done to reach India’s 2070 net zero goal. Reducing GHG emissions will almost certainly have a negative impact on growth in the short run and have important distributional consequences for individuals and communities who today rely on coal. But with the right policies, these costs—which are non-negligible but dwarfed by the cost of climate change over the next decade if no action is taken—can be significantly curtailed. This paper provides an in depth review of the current climate policy landscape in India and models emissions trajectories under different policy options to reduce GHG emissions.

Average ratings

N/A

5

0%

4

0%

3

0%

2

0%

1

0%

Solve jigsaw puzzle

Age

Page Count

49

Publisher

International Monetary Fund

Published Date

ISBN 13

9798400247002