In achieving goals of Net Zero strategy, India can be a role model for developing countries. Explain (200 Words)
Refer - Financial Express
Enrich the answer from other sources, if the question demands.
IAS Parliament 2 years
KEY POINTS
· The recent Sixth Assessment Report of the Intergovernmental Panel on Climate Change made it clear that the world faces catastrophic consequences of rising temperatures.
· ‘Net Zero’ refers to offsetting new greenhouse gas emissions with other actions, to make net emissions zero.
· The case here is that advanced countries, which created the current situation with their past emissions, should rightfully do more to fix the problem. Given this situation, India’s adoption of a Net Zero target of 2070 is quite reasonable. The country has a feasible strategy for India to achieve this goal.
· India needs rapid electrification for development, and focusing on green electrification can make it possible to achieve Net Zero goals without sacrificing economic growth.
· To achieve Net Zero by 2070, electricity generation capacity will have to increase by about 6% a year.
· India will need additional annual investment in the energy sector of 2.7% to 4.5% of its current GDP.
· While a target of Net Zero by 2070 is well within India’s capability, accelerating that goal by a decade or two, or flattening the emissions curve without changing the Net Zero target date, may be more challenging.
K. V. A 2 years
Kindly review
IAS Parliament 2 years
Good attempt. Keep Writing.
