{
  "title": "A Framework for Climate Change Mitigation in India",
  "publication": "IMF Working Papers, October 20, 2023",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2023/10/20/a-framework-for-climate-change-mitigation-in-india-535854",
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  "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.",
  "sections": [
    {
      "heading": "Key challenge and context",
      "content": "- India faces the challenge of raising living standards for a population of 1.4 billion while contributing to global GHG emissions reduction.\n- The government has implemented numerous policies to promote the manufacturing and use of renewable energy and shift away from coal.\n- India’s net zero goal is 2070."
    },
    {
      "heading": "Main findings and analysis",
      "content": "- Reducing GHG emissions will almost certainly have a negative impact on growth in the short run.\n- Emissions reductions will have important distributional consequences for individuals and communities who today rely on coal.\n- 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.\n- 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."
    },
    {
      "heading": "Policy implications and recommendations (high-level)",
      "content": "- Continued and expanded policies to promote renewable energy manufacturing and use and to shift away from coal are central to meeting mitigation goals.\n- Implement complementary policies to mitigate short-run growth impacts and address distributional consequences for coal-dependent individuals and communities.\n- Use modeled emissions trajectories under alternative policy options to inform policy design that balances growth, equity, and emissions objectives."
    },
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      "content": "- Publication type: IMF Working Papers\n- Authors: Jean Chateau, Geetika Dang, Margaux MacDonald, John A Spray, Sneha D Thube\n- Publication date: October 20, 2023\n- Pages: 49\n- Volume: 2023\n- Issue: 218\n- Series: Working Paper No. 2023/218\n- DOI: https://doi.org/10.5089/9798400247002.001\n- Stock No: WPIEA2023218\n- ISBN: 9798400247002\n- ISSN: 1018-5941\n- Subjects: Climate finance, Commodities, Electricity, Environment, Greenhouse gas emissions, Non-renewable resources, Renewable energy\n- 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\n\nIMF Working Paper — \"A Framework for Climate Change Mitigation in India\", Working Paper No. 2023/218\n\n---\n\n Content in this bundle\n\n- Working Paper\n  - Working Paper (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Working Paper (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2023/10/20/a-framework-for-climate-change-mitigation-in-india-535854"
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    "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",
    "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.",
    "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.",
    "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 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",
    "**Working Paper**"
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