The more aggressive the effort, the bigger the gains - as are the investments required. Achieving net-zero by 2070 requires an investment of $10 trillion. This is projected to boost GDP by 4.3% in 2036. A 2050 target that boosts GDP by 7.3% by 2032 will require $13.5 trillion. The report reaffirms India's position of the criticality of international support for the transition.

Roopsha Dasguupta  

This is the Daily Edit from the economic times. It's September 2, and we put the focus on. Net Zero is net net win for economic, a serious pursuit of a net zero Target has economic benefits for India. A report by the Asia Society Policy Institute's high level committee released last Monday reiterates this through economic modeling to develop different scenarios. The report provides useful options for the government to explore as the latter sets out its national vision and plan for the transition to a decarbonized economy. The more aggressive the effort, the bigger the gains, as are the investments required. achieving net zero by 2070 requires an investment of $10 trillion. This is projected to boost GDP by 4.3 percentage in 2036. At 2050 target that boosts GDP by 7.3 percentage by 2032, will require $13.5 trillion. The report reaffirms India's position of the criticality of international support for the transition. With global investment funding the transition, the government could divert domestic resources to developmental activities, rescaling for the low carbon economy and ensuring a just transition. The report demonstrates the benefits of front loading the transition rather than spreading it over half a century. The decisions and trade offs are political. So does India see the transition as an opportunity and tool to grow its economy to emerge as a major player in a decarbonizing world? Or does it see decarbonisation as a project that comes second to growing the economy Once that decision is taken, the rest is detail. Regulatory interventions, such as amendments to the Energy Conservation Act, and the Electricity Act, demonstrate serious intent, but refusal to engage in a coal phase out sends out mixed signals. India needs a vision plan and milestones across all of government society economic to leverage the transition for sustained and sustainable growth.


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