A Framework for Climate Change Mitigation in India
IMF Working Papers, October 20, 2023
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- A Framework for Climate Change Mitigation in India
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Bibliographic details
- Authors: Jean Chateau, Geetika Dang, Margaux MacDonald, John A Spray, Sneha D Thube
- Published: October 20, 2023
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9798400247002.001
Key challenge and context
- India faces the challenge of raising living standards for a population of 1.4 billion while contributing to global GHG emissions reduction.
- The government has implemented numerous policies to promote the manufacturing and use of renewable energy and shift away from coal.
- India’s net zero goal is 2070.
Main findings and analysis
- Reducing GHG emissions will almost certainly have a negative impact on growth in the short run.
- Emissions reductions will have important distributional consequences for individuals and communities who today rely on coal.
- The short-run costs of mitigation are described as non-negligible but are dwarfed by the cost of climate change over the next decade if no action is taken.
- The 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.
Policy implications and recommendations (high-level)
- Continued and expanded policies to promote renewable energy manufacturing and use and to shift away from coal are central to meeting mitigation goals.
- Implement complementary policies to mitigate short-run growth impacts and address distributional consequences for coal-dependent individuals and communities.
- Use modeled emissions trajectories under alternative policy options to inform policy design that balances growth, equity, and emissions objectives.
Publication and metadata
- Publication type: IMF Working Papers
- Authors: Jean Chateau, Geetika Dang, Margaux MacDonald, John A Spray, Sneha D Thube
- Publication date: October 20, 2023
- Pages: 49
- Volume: 2023
- Issue: 218
- Series: Working Paper No. 2023/218
- DOI: https://doi.org/10.5089/9798400247002.001
- Stock No: WPIEA2023218
- ISBN: 9798400247002
- ISSN: 1018-5941
- Subjects: 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
IMF Working Paper — "A Framework for Climate Change Mitigation in India", Working Paper No. 2023/218
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- Working Paper