Reducing material requirements while decarbonising the Spanish economy: from a green growth to a postgrowth paradigm
Publication
The study assesses the impact of India’s climate policies across the power, residential, and transport sectors, focusing on their role in reducing emissions and supporting the country’s 2070 net-zero target. This has been carried out using Global Change Assessment Model (GCAM) which is an Integrated Assessment Model. India’s current climate
The study assesses the impact of India’s climate policies across the power, residential, and transport sectors, focusing on their role in reducing emissions and supporting the country’s 2070 net-zero target. This has been carried out using Global Change Assessment Model (GCAM) which is an Integrated Assessment Model. India’s current climate policies are already helping reduce its long-term emissions curve and are projected to reduce CO2 emissions by almost 4 billion tonnes between 2020 and 2030.
This policy brief highlights how policies promoting renewable energy, particularly solar and wind, have transformed India’s power generation mix, reducing dependency on coal. In the transport sector, policies like the FAME scheme and Bharat Stage norms are accelerating the adoption of electric vehicles and improving the efficiencies of conventional vehicles, while energy efficiency measures in the residential sector, such as the Standards & Labelling scheme, are improving the efficiency of household appliances like air conditioners and lighting. Despite these advances, challenges remain, such as the rebound effect in energy consumption, where efficiency improvements lead to higher overall usage. The study also underscores the need for further policy innovation to address areas like heavy-duty transport and industrial emissions, which remain less decarbonized.
The study concludes that while India’s current policies are bending the emissions curve, achieving the ambitious 2070 net-zero target will require continuous and vigorous policy development, particularly in energy-intensive sectors, and greater integration of new technologies like green hydrogen and new market-based instruments like Carbon Credit and Trading Scheme.