India's Strategy for Achieving Net Zero
Webinar Link
Meeting No: 2515 304 4450
Password: zero
Abstract
India’s energy policy in the context of its commitment to achieve the target of net-zero carbon emissions by 2070. It emphasizes the central role of green electrification, particularly through the expansion of solar power capacity. It discusses policies outside the energy sector that need to be part of a strategy of achieving this target, including the use of information technology, infrastructure development, and transportation. Furthermore, it examines possible policy options for accelerating the target date to 2050, especially with the use of carbon capture to manage the transition from the current heavy use of coal. The paper also discusses the possible financial and growth implications of various strategy options, arguing that feasible external financing commitments can allow India to achieve net-zero goals without sacrificing economic growth.
About the Speaker
Nirvikar Singh is Distinguished Professor of Economics at the University of California, Santa Cruz, where he also co-directs the Center for Analytical Finance. He has been a member of the Advisory Group to the Finance Minister of India on G-20 matters; a consultant to the Chief Economic Adviser, Ministry of Finance, Government of India; and a member of an Expert Group of the Government of Punjab for revitalizing the state’s economy.