{"id":144413,"date":"2021-11-01T19:57:45","date_gmt":"2021-11-01T14:27:45","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=144413"},"modified":"2021-11-01T19:57:45","modified_gmt":"2021-11-01T14:27:45","slug":"a-climate-power","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/a-climate-power\/","title":{"rendered":"A Climate Power"},"content":{"rendered":"\n<p><strong>Synopsis: <\/strong>There are multiple challenges in achieving a global consensus on climate goals. What are the solutions for India.<\/p>\n<h5><strong>Introduction<\/strong><\/h5>\n<p>Achieving climate goals require clean technology. However, India, a major economy that hopes to grow fast cannot simply just wait for tech transfers from the West.<\/p>\n<h5><strong>What are the challenges in achieving climate goals?<\/strong><\/h5>\n<p><strong>World<\/strong>:<\/p>\n<p><strong>Consensus building<\/strong>&#8211; Nations don&#8217;t agree even on the most important baselines like net-zero emissions or the when and how much of green financing is to be done. <strong>For example<\/strong>, the UK\u2019s proposal on phasing out coal in a short time looks to be un-doable for large coal-dependent economies like China and India.<\/p>\n<p><strong>Clean technology<\/strong>&#8211; The low income group countries are unable to invest in clean technology research. This is worsened by the apathy of higher income groups towards transfer of technology.<\/p>\n<p><strong>India<\/strong>:<\/p>\n<p><strong>&#8211; Economy vs Ecology<\/strong>-For example, <strong>India<\/strong> has large number of people dependent on the coal economy for jobs and 70% dependence for energy needs.<\/p>\n<p><strong>&#8211; Political economy- <\/strong>Industries like thermal power, cement, iron and steel are major economic players in some states. The long transition from a coal economy can witness <strong>stiff regional political pushbacks<\/strong>.<\/p>\n<p><strong>&#8211; Standard of living<\/strong>&#8211; With higher incomes, people will buy more air-conditioners and cars in India. All this is potentially climate negative.<\/p>\n<h5><strong>What steps should be taken by India?<\/strong><\/h5>\n<p><strong>Green hydrogen-<\/strong> A clean fuel that\u2019s well within India\u2019s technological capacity to produce in very large quantities, must be executed fast.<\/p>\n<p><strong>Separate fund and fiscal incentives- <\/strong>GoI should create a separate\u00a0fund for incubating clean tech, and incentivise private players further via huge tax breaks.<\/p>\n<p>The fund should be managed by professionals from industry and academia, free of bureaucratic interference.<\/p>\n<p><strong>Source:<\/strong> This post is based on the article \u201c<strong>A Climate Power<\/strong>\u201d published in \u201c<strong>Times of India<\/strong>\u201d on <strong>31st October 2021<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Synopsis: There are multiple challenges in achieving a global consensus on climate goals. What are the solutions for India. Introduction Achieving climate goals require clean technology. However, India, a major economy that hopes to grow fast cannot simply just wait for tech transfers from the West. What are the challenges in achieving climate goals? World:&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/a-climate-power\/\">Continue reading <span class=\"screen-reader-text\">A Climate Power<\/span><\/a><\/p>\n","protected":false},"author":10335,"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":[216],"class_list":["post-144413","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-public","tag-gs-paper-3","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704837753},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/144413","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\/10335"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=144413"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/144413\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=144413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=144413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=144413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}