A Framework for Climate Change Mitigation in India

By Jean Chateau, Geetika Dang, Margaux MacDonald, John A Spray, Sneha D Thube

October 20, 2023

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Jean Chateau, Geetika Dang, Margaux MacDonald, John A Spray, and Sneha D Thube. A Framework for Climate Change Mitigation in India, (USA: International Monetary Fund, 2023) accessed November 8, 2024

Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

Climate change poses challenging policy tradeoffs for India. The country faces the challenge of raising living standards for a population of 1.4 billion while at the same time needing to be a critical contributor to reducing global GHG emissions. The government has implemented numerous policies to promote the manufacturing and use of renewable energy and shift away from coal, but much still needs to be done to reach India’s 2070 net zero goal. Reducing GHG emissions will almost certainly have a negative impact on growth in the short run and have important distributional consequences for individuals and communities who today rely on coal. But with the right policies, these costs—which are non-negligible but dwarfed by the cost of climate change over the next decade if no action is taken—can be significantly curtailed. This paper provides an in depth review of the current climate policy landscape in India and models emissions trajectories under different policy options to reduce GHG emissions.

Subject: Climate finance, Commodities, Electricity, Environment, Greenhouse gas emissions, Non-renewable resources, Renewable energy

Keywords: Asia and Pacific, Climate, Climate finance, Climate policy landscape, Cost of climate change, Demand management, Electricity, Emissions intensity, Global, Greenhouse gas emissions, IMF-ENV, India, Net zero, Non-renewable resources, Renewable energy, Research department

Publication Details

Pages:

49
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2023/218
Stock No:

WPIEA2023218
ISBN:

9798400247002
ISSN:

1018-5941

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