Equity in Global Climate Policy and Implications for India’s Energy Future

Publication Type:

Journal Articles

Source:

Economic and Political Weekly, Volume LVI, Issue 52, p.68-75 (2021)

URL:

https://www.epw.in/journal/2021/52/review-environment-and-development/equity-global-climate-policy-and-implications.html

Abstract:

The remaining carbon budget available to the world to limit global warming to 1.5 degrees celsius or to “well below 2°C” very small and is being rapidly depleted. The year 2021 has witnessed a flurry of pledges by countries to achieve net-zero emissions around the second half of this century. But the analysis shows the pledges of Annex-I parties to the United Nations Framework Convention on Climate Change to be highly inadequate to limit the temperature rise to below 1.5°C. In this context, this paper reviews India’s climate change mitigation efforts and policies over the last decade and assesses the recently declared net-zero emissions pledge against a range of illustrative emissions pathways and the implied cumulative emissions of these pathways. The ambition of India’s pledge is assessed, with a discussion of the challenges that lie ahead for India’s energy sector.