Syllabus: GS Paper 3, energy and climate change
News: While India’s current commitments are a promising start, they won’t be enough to avert the worst effects of climate change.
India has committed to 500 gigawatts of renewable energy by 2030.
What more is required over and above India’s present climate commitments?
More financing from developed countries.
There is a need for better batteries to electrify the economy.
Direct air capture technologies are prohibitively expensive. They must be made a lot cheaper to deploy at scale.
What are the benefits of emissions cut to India?
30% emissions cut by 2030 can create 39 million new jobs, as per report from Energy Innovation.
It can move the country from bearing the high price volatility of oil and natural gas to the zero price volatility of renewable sources.
India will benefit from the downward cost curve of advancing technologies in the field of clean energy.
Al Gore’s Climate Trace, uses satellite technology to report on emissions around the globe. World including India will need all these technologies to tackle climate change.
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