A Framework for Climate Change Mitigation in India

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 p...

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Bibliographic Details
Main Author: Chateau, Jean
Other Authors: Dang, Geetika, MacDonald, Margaux, Spray, John
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2023
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a A Framework for Climate Change Mitigation in India  |c Jean Chateau, Geetika Dang, Margaux MacDonald, John Spray, Sneha Thube 
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300 |a 49 pages 
653 |a Environmental Conservation and Protection 
653 |a Economics 
653 |a Energy 
653 |a Environmental Economics 
653 |a Investments: Energy 
653 |a Natural resources 
653 |a Climate 
653 |a Electricity 
653 |a Non-renewable resources 
653 |a Climate change 
653 |a Environmental management 
653 |a Economics of specific sectors 
653 |a Greenhouse gas emissions 
653 |a Energy: General 
653 |a Commodities 
653 |a Currency crises 
653 |a Global Warming 
653 |a Macroeconomics 
653 |a Electric Utilities 
653 |a Greenhouse gases 
653 |a Climate finance 
653 |a Electric utilities 
653 |a Climatic changes 
653 |a Economic & financial crises & disasters 
653 |a Environmental Economics: General 
653 |a Natural Disasters and Their Management 
653 |a Environment 
653 |a Mathematical Methods and Programming: General 
653 |a Green finance / sustainable finance 
653 |a Economics: General 
653 |a Natural Resources 
653 |a Informal sector 
653 |a Alternative Energy Sources 
653 |a Nonrenewable Resources and Conservation: General 
653 |a Renewable energy 
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653 |a Investment & securities 
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700 1 |a MacDonald, Margaux 
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520 |a 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