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INDIA’S ROADMAP TO NET ZERO EMISSIONS



  May 27, 2024

INDIA’S ROADMAP TO NET ZERO EMISSIONS



India views the journey to net zero as a significant opportunity for infrastructure development and employment over the next 50 years. However, the growing carbon footprint is a concern, with emissions expected to peak between 2040 and 2045. To reach net zero emissions by 2070, India must implement substantial changes in its economy, including:

1. Increasing Renewable Energy:

• Solar and wind installations need to increase 70-fold.

• Building infrastructure to support green hydrogen production.

2. Phasing Out Fossil Fuels:

• Transitioning away from fuel oil, gas oil, and naphtha.

• Increasing the use of natural gas.

3. Investing in Technology:

• Developing and adopting automation and energy management systems.

• Mainstreaming emerging technologies.

4. Improving Energy Efficiency:

• Enhancing the efficiency of boilers and furnaces.

Challenges Faced:

• Unfavorable state policies and regulations.

• Slow progress in transitioning to renewable energy sources.

Key References:

• Wood Mackenzie: Highlights the potential for India to lead the developing world in net zero initiatives.

• Business Today: Discusses government priorities for achieving net zero.

• Indian Oil: Aims for net zero by 2046, focusing on energy efficiency and transition to natural gas.

• Observer Research Foundation: Emphasizes the financial and infrastructure requirements for reaching net zero by 2070.

UNDERSTANDING NET ZERO

Net Zero Definition:

Reaching net zero emissions means balancing the amount of carbon dioxide emitted with the amount removed from the atmosphere.

Global Commitment:

Under the Paris Agreement (2015), 193 parties pledged to limit global temperature rise to well below 1.5°C to avoid severe climate impacts. This requires reducing global emissions by about 45% by 2030 (from 2010 levels) and achieving net zero by 2050.

National and Organizational Goals:

Countries, cities, and companies are setting net zero targets to contribute to this global effort, aligning with the Paris Agreement’s goals.



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