Allianz Green Transition Tracker 2026

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News: According to the Allianz Green Transition Tracker 2026, India’s emissions fell to 4,508 million tonnes of CO₂ equivalent (MtCO₂e), improving its global ranking by five places to 45th.

About Allianz Green Transition Tracker 2026

Allianz Green Transition Tracker 2026
Source – Allianz Research
  • The Allianz Green Transition Tracker 2026 is an annual assessment that assessed 65 economies accounting for 81 % of global greenhouse gas emissions.
  • Released by: It is released by Allianz Research.
  • Edition: This 2026 year edition in second edition of the report.
    • The first edition was released in 2025.  
  • Indicators: It has five indicators:
    • carbon and energy intensity, consumption- and territorial-based emissions per capita and the low-carbon share of the power mix.
  • Its Progress Score measures how far each country has come since 2015 toward its 2050 net-zero benchmark.

Global Findings of the Report

Allianz Green Transition Tracker 2026
Source: DTE
  • Improvement: Out of the 65 economies assessed, 56 recorded improvements in their green transition progress scores.
  • Top Performing: Luxembourg, Denmark and Estonia emerged as the top-performing countries in the green transition ranking.
  • Status of Renewable energy: Renewable energy overtook coal for the first time in 2025 to become the largest source of global electricity generation.
    • Renewables accounted for 33.5% of global electricity generation, marginally higher than coal’s share of 33.2%.
  • Status of Global greenhouse gas emissions: Its growth slowed to 0.7% in 2025, compared to 1.5% in 2024.
    • The world is currently projected to achieve net-zero emissions around 2064, approximately 14 years behind the 2050 benchmark.
  • Global investment in clean energy is projected to reach $2.2 trillion in 2026, registering an increase of 6.5%.
    • Electricity networks and battery storage are expected to attract particularly strong investment growth.

Findings of the Report Related to India

  • India’s Performance in the Green Transition Ranking: India improved its position by five places to secure the 45th rank in the Allianz Green Transition Tracker 2026.
    • India’s progress score increased by 4.5 points to 14.6, compared to the global average improvement of 2 points.
    • India recorded a 0.2% decline in greenhouse gas emissions in 2025, despite registering economic growth of approximately 7.6%.
    • India’s total greenhouse gas emissions declined to 4,508 million tonnes of carbon dioxide equivalent (MtCO₂e).
    • Other countries: India continued to rank behind China (43rd), Canada (42nd) and the United States (41st).
  • Expansion of Clean Electricity:
    • The share of low-carbon electricity in India’s total electricity generation increased from 22.4% in 2024 to 26.6% in 2025.
    • Clean electricity generation increased by 97 terawatt-hours (TWh), nearly twice the additional electricity demand of 49 TWh.
    • Solar power generation increased by 37%, adding 53 TWh to electricity generation.
    • Wind power generation increased by 28%, contributing an additional 23 TWh.
    • Coal-based electricity generation declined by 2.9%.
    • The decline in coal-based generation contributed to an approximately 3% reduction in power-sector emissions.
    • Favourable weather conditions such as milder temperatures reduced electricity demand and stronger monsoon rainfall increased hydropower generation by 14%.
  • Status of coal dependence in India: India’s declining coal-based electricity generation trend showed signs of reversal in 2026.
    • Coal-based electricity generation increased by nearly 10% year-on-year between April and August 2026.
    • Hydropower generation declined by more than 11% during the same period.
    • In September 2026, coal-based generation increased by 13%, while hydropower generation declined by 20%.
    • Projection: The International Energy Agency (IEA) projects India’s electricity demand to grow at an average annual rate of 6.4% through 2030.
  • Improvement in Carbon and Energy Efficiency: India’s carbon intensity declined by 7% in 2025, indicating a reduction in emissions relative to the country’s economic output.
    • India’s energy intensity declined by 6%, reflecting improvements in energy efficiency.
  • Rising Per Capita Emissions: Despite the decline in overall emissions, India’s territorial carbon dioxide emissions per capita increased by 3% to 2.2 tonnes.
    • India’s consumption-based carbon dioxide emissions per capita increased by 8% to 1.8 tonnes.
  • Increasing Fossil Fuel Subsidies: India’s fossil fuel subsidies increased from $63.1 billion to $67.5 billion.
    • India’s Future Emission Projections: Under current policies, India’s greenhouse gas emissions are projected to reach approximately 5,900 MtCO₂e by 2030.
    • India’s emissions are further projected to increase to approximately 6,600 MtCO₂e by 2035.
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