|

India’s Path to Net Zero: Strategy for Decarbonizing the Energy Sector

By

India’s energy sector contributes significantly to its greenhouse gas emissions. In 2023, energy-related emissions accounted for about 75% of the country’s total carbon footprint. The electricity sector alone was responsible for over 40% of the total emissions, primarily due to coal-based power generation. This highlights the urgent need for a green transition in electricity production. India is already making strides, with solar and wind capacities growing, but a lot more is required to address these…

|

India’s Emerging Carbon Market: Balancing Economic Growth with Environmental Sustainability

By

With the global focus increasingly shifting towards carbon pricing as a tool to combat climate change, India’s efforts to design and implement an effective carbon market could have profound implications not only for its domestic climate goals but also for the global carbon trading landscape. Carbon pricing is globally recognized as a cost-effective mechanism to internalize the environmental costs of greenhouse gas (GHG) emissions. In its essence, carbon pricing assigns a monetary value to GHG…