{"id":115182,"date":"2021-06-28T19:22:14","date_gmt":"2021-06-28T13:52:14","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=115182"},"modified":"2021-06-29T11:49:09","modified_gmt":"2021-06-29T06:19:09","slug":"the-problem-of-carbon-neutrality","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/the-problem-of-carbon-neutrality\/","title":{"rendered":"Shaping India&#8217;s green future"},"content":{"rendered":"\n<p><strong>Syllabus<\/strong>: GS3 &#8211; Environment<\/p>\n<p><strong>Tags<\/strong>: Global warming, pandemic, zero emission, climate change.<\/p>\n<p><strong>Relevance<\/strong>: Achieving net zero emissions to achieve carbon neutrality<\/p>\n<p><strong>Synopsis: <\/strong>Pandemic and global warming are giving clear warning that India must move to a more sustainable and greener future.<\/p>\n<h5><strong>Background<\/strong>:<\/h5>\n<ul>\n<li>Frequency of extreme weather events, heat waves, and deadly droughts have increased.\n<ul>\n<li>Recent Cyclones Tauktae and Yaas have caused death and destruction on India\u2019s western and eastern coasts.<\/li>\n<\/ul>\n<\/li>\n<li>The zoonotic (such as SARS, MERS, and AIDS) viruses are spreading because of destruction of natural habitats.<\/li>\n<li>As per Intergovernmental Panel on Climate Change, global carbon emission must reach net-zero by 2050 to keep warming within 1.5 degrees centigrade by 2100.\n<ul>\n<li>However, world with current emissions will warm up the planet by 3 degrees.<\/li>\n<li>India being one of the largest emitters has immense pressure to bring carbon emission down to net-zero by mid-century.<\/li>\n<\/ul>\n<\/li>\n<li>Climate change is a <strong>slow-motion global disaster.<\/strong>\n<ul>\n<li>It destroys planet\u2019s temperate climate and diminishes the lives of children.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h5><strong>Benefits of net Zero emission approach:<\/strong><\/h5>\n<ul>\n<li>Firstly, net-zero technologies, such as solar power and electric vehicles, are likely to be much <strong>more efficient. <\/strong>\n<ul>\n<li>it will drive <strong>economic growth and create high-quality jobs.<\/strong><\/li>\n<li>It will also end the <strong>trade-off between development and emission reductions<\/strong>.<\/li>\n<\/ul>\n<\/li>\n<li>Secondly, the rest of the world might <strong>impose high carbon taxes<\/strong> on exports from carbon-emitting countries.\n<ul>\n<li>Therefore, India may <strong>be disadvantaged relative to our peer economies<\/strong> and face significant export challenges.<\/li>\n<li>A legally binding net-zero target will be beneficial diplomatically and lead to much more <strong>supportive technology transfer<\/strong> and global trade agreements.<\/li>\n<\/ul>\n<\/li>\n<li>Thirdly, it will help in building the necessary state capacity.\n<ul>\n<li>it will promote a stable government framework and policy predictability.<\/li>\n<li>India can promote entrepreneurship and build a more competitive, sustainable future.<\/li>\n<\/ul>\n<\/li>\n<li>Lastly, the net-zero target would force the Central and state governments to quickly <strong>build the necessary state capacity<\/strong> for monitoring and compliance.\n<ul>\n<li>It could lead to <strong>massive investments in green technologies<\/strong> and equipment.<\/li>\n<li>India requires at least $100 billion per year in green investments to reach a net-zero target by mid-century.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h5><strong>Challenges in path of carbon neutrality:<\/strong><\/h5>\n<ul>\n<li>Firstly, India need to <strong>transform<\/strong> electricity generation, transportation, construction, real estate, agriculture, cement, steel, and many other industries.<\/li>\n<li>Secondly, due to financial constraints faced by Central and state governments it requires involvement of <strong>private sector capital.<\/strong><\/li>\n<li>Thirdly, India will need competitive, advanced technologies and business models. For long-term, sustainable prosperity.<\/li>\n<\/ul>\n<h5><strong>Benefits of low carbon approach:<\/strong><\/h5>\n<p>Net zero approach is impractical for India considering high transition cost.<\/p>\n<ul>\n<li>Firstly, India is not obliged to follow net zero approach under <strong>Common but differentiated responsibility.<\/strong><\/li>\n<li>Secondly, India can adopt longer phase out period such as by 2080 or even later.<\/li>\n<li>Thirdly, clear sectoral targets are needed for both private and public sector. such as the current 450-Gw target for solar energy.\n<ul>\n<li>It would also provide a clear sectoral road map for the private sector for its investment plans.<\/li>\n<li>it would allow slow decommission and investment requirements would be reduced.<\/li>\n<li>It will help in moving people out of high-carbon industries.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>India needs coordinated policies and actions to ensure rapid peaking in carbon emission and a steeper decline thereafter.<\/p>\n<p><strong>Source: <\/strong><a href=\"https:\/\/www.business-standard.com\/article\/opinion\/shaping-india-s-green-future-121062800019_1.html\"><strong>Business Standard<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Syllabus: GS3 &#8211; Environment Tags: Global warming, pandemic, zero emission, climate change. Relevance: Achieving net zero emissions to achieve carbon neutrality Synopsis: Pandemic and global warming are giving clear warning that India must move to a more sustainable and greener future. Background: Frequency of extreme weather events, heat waves, and deadly droughts have increased. Recent&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/the-problem-of-carbon-neutrality\/\">Continue reading <span class=\"screen-reader-text\">Shaping India&#8217;s green future<\/span><\/a><\/p>\n","protected":false},"author":10316,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1230,9],"tags":[],"class_list":["post-115182","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-public","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":1700794580,"cached_date":1704816680},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/115182","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10316"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=115182"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/115182\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=115182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=115182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=115182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}