An eco-crisis: How will India meet its carbon emission targets?
A new study has projected that by 2030, India’s CO2 emissions could reach over 10 million metric tons.
The study, titled An eco (eco-c)risis, will be presented at the Climate Change Conference in Durban, South Africa on Saturday.
It is the latest in a series of studies that highlight the importance of taking a comprehensive approach to tackling climate change and tackling CO2.
The study, which was prepared by the Centre for Science and Environment (CSEC) of the Indian Institute of Science (IISc) in Pune, found that India could meet its climate change emissions targets with a “sustainable and sustainable” carbon pricing scheme, with the cheapest and most cost-effective emissions to come from renewable energy.
India is set to surpass its targets to cut its CO2 intensity by 10 per cent by 2030 from its current levels.
It will also meet its targets for reducing emissions from land use change, including deforestation and grazing.
The CSEC study found that a carbon pricing regime that is based on the “equilibrium” price of carbon, would help India to meet its CO 2 emissions targets and could provide an effective alternative to the existing policy framework.
“The government has proposed a carbon price, but what is a carbon priced scheme, a carbon-based policy, and what is the right way to structure it?” said Dr. Gopal Yadav, chairperson of the Centre’s CSEC group.
“What is the best way to deal with the emissions that we are putting out?”
India is already in the top 5 countries in terms of CO2 per capita.
The country is estimated to emit almost 20 per cent of its CO3 emissions by 2030.
But a carbon based policy, where all emitters are paid based on their carbon footprint, could help curb the rise in the CO2 concentration in the atmosphere.
India has already made significant progress on tackling climate action in recent years.
In April, Prime Minister Narendra Modi announced a series to increase investments in solar power, clean energy, and a new national forest.
But the country still lags behind the global average of 5.7 per cent emissions reduction.
The country is also a long way from achieving its CO₂ target of 26 to 28 per cent reduction by 2020.
The government is planning to set an ambitious target of 30 per cent reductions by 2030 and then double it to 50 per cent.
But it will be difficult to meet this target with a carbon fee-based approach.
In the first five years of this century, India is projected to exceed its carbon emissions targets by more than 3,500 metric tons, while it has pledged to reduce its emissions by around 7,000 metric tons by 2030 to a target of 2.2 per cent COℓ.
According to the study, India could achieve the 2.0 per cent target if it was able to implement the following five steps:Lower carbon emissions by 25 per cent compared to 2020.
Improve the efficiency of coal-fired power generation.
Ensure a low carbon intensity (CEI) model is used for all energy generation and consumption, including hydro, thermal, nuclear and renewables.
Implement a carbon tax.
Develop a carbon credit scheme for all sectors, including agriculture, mining, transport, cement and textiles.
“A carbon pricing system can help India address its CO emissions,” said Dr Gopal.
“We should take into account that the government is making an effort to reduce the overall emission.
In the long run, the benefits from reducing CO2 will be greater than the emissions.”
India is also working on a “zero-carbon economy”, which would replace its dependence on fossil fuels with a zero-carbon energy system.