IDEAS home Printed from https://ideas.repec.org/a/eee/ecolec/v209y2023ics0921800923000939.html
   My bibliography  Save this article

An Indian Green Deal

Author

Listed:
  • Azad, Rohit
  • Chakraborty, Shouvik

Abstract

The Indian economy is facing a crisis at three different levels — health, economic and climate-change related. This ongoing crisis has given India an opportunity to change the course of development, a model where people, not profits, form the core. Based on the Indian economy’s employment-generating capacity, we propose an Indian Green Deal (IGD) that generates jobs and fundamentally alters the carbon footprint of the economy. The programme is divided into three components – care economy, infrastructure, and green energy transition – to address the triple crises, respectively. We show that for the same amount spent, 3.5 jobs will be generated in green energy programme compared to one job in the fossil fuel sector. If the amount promised under the Covid package of the Indian government are spent on IGD, it would generate 22.7 million jobs every year. It also provides disaggregated evidence on the quality of jobs as well as gender and caste representation. As for financing, there are two ways in which it can be financed — an international carbon fund and/or domestic sources. An IGD, financed through these sources, addresses both the questions of the climate crisis and climate injustice in one go.

Suggested Citation

  • Azad, Rohit & Chakraborty, Shouvik, 2023. "An Indian Green Deal," Ecological Economics, Elsevier, vol. 209(C).
    • Handle: RePEc:eee:ecolec:v:209:y:2023:i:c:s0921800923000939
    DOI: 10.1016/j.ecolecon.2023.107830
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0921800923000939
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.ecolecon.2023.107830?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Lucas Chancel, 2022. "Global carbon inequality over 1990–2019," PSE-Ecole d'économie de Paris (Postprint) halshs-04157767, HAL.
    2. Azad, Rohit & Chakraborty, Shouvik, 2020. "Green Growth and the Right to Energy in India," Energy Policy, Elsevier, vol. 141(C).
    3. Piers M. Forster & Harriet I. Forster & Mat J. Evans & Matthew J. Gidden & Chris D. Jones & Christoph A. Keller & Robin D. Lamboll & Corinne Le Quéré & Joeri Rogelj & Deborah Rosen & Carl-Friedrich Sc, 2020. "Publisher Correction: Current and future global climate impacts resulting from COVID-19," Nature Climate Change, Nature, vol. 10(10), pages 971-971, October.
    4. Piers M. Forster & Harriet I. Forster & Mat J. Evans & Matthew J. Gidden & Chris D. Jones & Christoph A. Keller & Robin D. Lamboll & Corinne Le Quéré & Joeri Rogelj & Deborah Rosen & Carl-Friedrich Sc, 2020. "Current and future global climate impacts resulting from COVID-19," Nature Climate Change, Nature, vol. 10(10), pages 913-919, October.
    5. Lucas Chancel, 2022. "Global carbon inequality over 1990–2019," Nature Sustainability, Nature, vol. 5(11), pages 931-938, November.
    6. Cameron Hepburn & Brian O’Callaghan & Nicholas Stern & Joseph Stiglitz & Dimitri Zenghelis, 2020. "Will COVID-19 fiscal recovery packages accelerate or retard progress on climate change?," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 36(Supplemen), pages 359-381.
    7. Rohit Azad & Shouvik Chakraborty, 2021. "Toward inverting environmental injustice in Delhi," The Economic and Labour Relations Review, , vol. 32(2), pages 209-229, June.
    8. Lucas Chancel, 2022. "Global carbon inequality over 1990–2019," Post-Print halshs-04157767, HAL.
    9. Diesendorf, Mark & Elliston, Ben, 2018. "The feasibility of 100% renewable electricity systems: A response to critics," Renewable and Sustainable Energy Reviews, Elsevier, vol. 93(C), pages 318-330.
    10. Mendelsohn, Robert & Dinar, Ariel & Williams, Larry, 2006. "The distributional impact of climate change on rich and poor countries," Environment and Development Economics, Cambridge University Press, vol. 11(2), pages 159-178, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Francisco Estrada & Veronica Lupi & Wouter Botzen & Richard S.J. Tol, 2024. "Urban and Non-Urban Contributions to the Social Cost of Carbon," Working Paper Series 0424, Department of Economics, University of Sussex Business School.
    2. Cassetti, Gabriele & Boitier, Baptiste & Elia, Alessia & Le Mouël, Pierre & Gargiulo, Maurizio & Zagamé, Paul & Nikas, Alexandros & Koasidis, Konstantinos & Doukas, Haris & Chiodi, Alessandro, 2023. "The interplay among COVID-19 economic recovery, behavioural changes, and the European Green Deal: An energy-economic modelling perspective," Energy, Elsevier, vol. 263(PC).
    3. Zhao, Congyu & Jia, Rongwen & Dong, Kangyin, 2023. "Does financial inclusion achieve the dual dividends of narrowing carbon inequality within cities and between cities? Empirical evidence from China," Technological Forecasting and Social Change, Elsevier, vol. 195(C).
    4. Philippe Le Billon & Païvi Lujala & Devyani Singh & Vance Culbert & Berit Kristoffersen, 2021. "Fossil fuels, climate change, and the COVID-19 crisis: pathways for a just and green post-pandemic recovery," Climate Policy, Taylor & Francis Journals, vol. 21(10), pages 1347-1356, November.
    5. Chao, Chi-Chur & Trinh, Cong Tam & Nguyen, Xuan, 2023. "Carbon neutrality and wage inequality in a sustainable economy: New evidence from business dynamism," Economic Modelling, Elsevier, vol. 127(C).
    6. Avgousti, Aris & Caprioli, Francesco & Caracciolo, Giacomo & Cochard, Marion & Dallari, Pietro & Delgado-Téllez, Mar & Domingues, João & Ferdinandusse, Marien & Filip, Daniela & Nerlich, Carolin & Pra, 2023. "The climate change challenge and fiscal instruments and policies in the EU," Occasional Paper Series 315, European Central Bank.
    7. Kostov, Lyuboslav, 2023. "Modern inequalities: a review of the literature," SEER Journal for Labour and Social Affairs in Eastern Europe, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 26(1), pages 81-94.
    8. Mahalik, Mantu Kumar & Patel, Gupteswar & Sahoo, Bimal Kishore & Rahman, Mohammad Mafizur, 2023. "Impact of income inequality on renewable energy demand in south Asian economies," Energy Policy, Elsevier, vol. 180(C).
    9. Mills, Evan, 2023. "Green Remittances: A novel form of sustainability finance," Energy Policy, Elsevier, vol. 176(C).
    10. Lévay, Petra Zsuzsa & Goedemé, Tim & Verbist, Gerlinde, 2023. "Income and expenditure elasticity of household carbon footprints. Some methodological considerations," Ecological Economics, Elsevier, vol. 212(C).
    11. Matteo Böhm & Mirco Nanni & Luca Pappalardo, 2022. "Gross polluters and vehicle emissions reduction," Nature Sustainability, Nature, vol. 5(8), pages 699-707, August.
    12. David Klenert & Franziska Funke & Linus Mattauch & Brian O’Callaghan, 2020. "Five Lessons from COVID-19 for Advancing Climate Change Mitigation," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 76(4), pages 751-778, August.
    13. Yang Yang & Lili Ren & Mingxuan Wu & Hailong Wang & Fengfei Song & L. Ruby Leung & Xin Hao & Jiandong Li & Lei Chen & Huimin Li & Liangying Zeng & Yang Zhou & Pinya Wang & Hong Liao & Jing Wang & Zhen, 2022. "Abrupt emissions reductions during COVID-19 contributed to record summer rainfall in China," Nature Communications, Nature, vol. 13(1), pages 1-7, December.
    14. Wiethe, Christian & Wenninger, Simon, 2023. "The influence of building energy performance prediction accuracy on retrofit rates," Energy Policy, Elsevier, vol. 177(C).
    15. Linyi Wei & Zheng Lu & Yong Wang & Xiaohong Liu & Weiyi Wang & Chenglai Wu & Xi Zhao & Stefan Rahimi & Wenwen Xia & Yiquan Jiang, 2022. "Black carbon-climate interactions regulate dust burdens over India revealed during COVID-19," Nature Communications, Nature, vol. 13(1), pages 1-11, December.
    16. O'Garra, Tanya & Fouquet, Roger, 2022. "Willingness to reduce travel consumption to support a low-carbon transition beyond COVID-19," Ecological Economics, Elsevier, vol. 193(C).
    17. Wang, Xue-Chao & Jiang, Peng & Yang, Lan & Fan, Yee Van & Klemeš, Jiří Jaromír & Wang, Yutao, 2021. "Extended water-energy nexus contribution to environmentally-related sustainable development goals," Renewable and Sustainable Energy Reviews, Elsevier, vol. 150(C).
    18. Joanna Brzyska & Izabela Szamrej-Baran, 2023. "The COVID-19 Pandemic and the Implementation of Sustainable Development Goals: The EU Perspective," Sustainability, MDPI, vol. 15(18), pages 1-19, September.
    19. Hanmin Dong & Xiujie Tan & Si Cheng & Yishuang Liu, 2023. "COVID-19, recovery policies and the resilience of EU ETS," Economic Change and Restructuring, Springer, vol. 56(5), pages 2965-2991, October.
    20. Robert J. R. Elliott & Ingmar Schumacher & Cees Withagen, 2020. "Suggestions for a Covid-19 Post-Pandemic Research Agenda in Environmental Economics," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 76(4), pages 1187-1213, August.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecolec:v:209:y:2023:i:c:s0921800923000939. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/ecolecon .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.