Getting India to Net Zero Report

Getting India to Net Zero Report
Source : Indian Express
GS III : Environment

What is discussed under Getting India to Net Zero Report?

According to a research, India will need to invest $10.1 trillion in its whole economy in order to reach its net-zero emissions goal by 2070.

According to the Getting India to Net Zero report, the investment required will be $13.5 trillion if the target is to be met by 2050.
Photo by Marek Piwnicki on Unsplash
The report also says achieving net-zero by 2070 would boost annual GDP by up to 4.7% by 2036 and create as many as 15 million new jobs by 2047.
India’s Nationally Determined Contribution (NDC) targets set in 2015 are likely to be met early within the next few years through current policies, says the report.
According to the report India could peak in emissions as soon as 2030.
Policies Motioned
- Policies, especially to boost renewables and electrification, could make net zero possible by mid-century.
- Ending new coal by 2023 and transitioning from unabated coal power by 2040 would be particularly impactful for reaching net zero emissions closer to mid-century.
Reaching net zero by 2050 would lead to greater benefits, increasing India’s GDP by up to 7.3% and creating 20 million new jobs by 2032.
The transfer of finance and technology to developing countries is crucial in this challenge is cited as a challenge.

Net-zero, often known as carbon-neutrality, does not imply that a nation will reduce its emissions to zero.
The absorption and removal of greenhouse gases from the atmosphere offset a nation’s emissions.
While adding more carbon sinks like trees can increase the amount of emissions absorbed, removing pollutants from the atmosphere calls for cutting-edge technology like carbon capture and storage.
In this approach, if absorption and removal outpace actual emissions, a nation may even have negative emissions.

India’s concerns

India is the only country that opposes this aim as India’s emissions are anticipated to increase at the fastest rate in the world over the next two to three decades as it pushes for more growth to lift hundreds of millions of people out of poverty.
Currently, the majority of carbon removal systems are either very expensive or unreliable.
India has been making the case that nations should put more emphasis on keeping their promises than starting a separate conversation about net-zero goals outside of the Paris Agreement framework.
According to numerous studies, India is the only member of the G-20 whose climate policies are in line with the Paris Agreement’s mandate to prevent global temperatures from rising by more than 2°C.
The developed nations have never delivered on their past promises and commitments.

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