IDEAS home Printed from https://ideas.repec.org/a/gam/jeners/v15y2022i16p5852-d886444.html
   My bibliography  Save this article

India’s Strategy for Achieving Net Zero

Author

Listed:
  • Nirvikar Singh

    (Department of Economics, University of California, Santa Cruz, CA 95064, USA)

Abstract

This paper reviews and assesses India’s energy policy in the context of its commitment to achieve the target of net-zero carbon emissions by 2070. It emphasizes the central role of green electrification, particularly through the expansion of solar power capacity. It discusses policies outside the energy sector that need to be part of a strategy of achieving this target, including the use of information technology, infrastructure development, and transportation. Furthermore, it examines possible policy options for accelerating the target date to 2050, especially with the use of carbon capture to manage the transition from the current heavy use of coal. The paper also discusses the possible financial and growth implications of various strategy options, arguing that feasible external financing commitments can allow India to achieve net-zero goals without sacrificing economic growth.

Suggested Citation

  • Nirvikar Singh, 2022. "India’s Strategy for Achieving Net Zero," Energies, MDPI, vol. 15(16), pages 1-11, August.
    • Handle: RePEc:gam:jeners:v:15:y:2022:i:16:p:5852-:d:886444
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1996-1073/15/16/5852/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1996-1073/15/16/5852/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. David L. McCollum & Wenji Zhou & Christoph Bertram & Harmen-Sytze Boer & Valentina Bosetti & Sebastian Busch & Jacques Després & Laurent Drouet & Johannes Emmerling & Marianne Fay & Oliver Fricko & Sh, 2018. "Energy investment needs for fulfilling the Paris Agreement and achieving the Sustainable Development Goals," Nature Energy, Nature, vol. 3(7), pages 589-599, July.
    2. Severin Borenstein & Ryan Kellogg, 2023. "Carbon Pricing, Clean Electricity Standards, and Clean Electricity Subsidies on the Path to Zero Emissions," Environmental and Energy Policy and the Economy, University of Chicago Press, vol. 4(1), pages 125-176.
    3. David L. McCollum & Wenji Zhou & Christoph Bertram & Harmen-Sytze Boer & Valentina Bosetti & Sebastian Busch & Jacques Després & Laurent Drouet & Johannes Emmerling & Marianne Fay & Oliver Fricko & Sh, 2018. "Author Correction: Energy investment needs for fulfilling the Paris Agreement and achieving the Sustainable Development Goals," Nature Energy, Nature, vol. 3(8), pages 699-699, August.
    4. Ama Baafra Abeberese, 2017. "Electricity Cost and Firm Performance: Evidence from India," The Review of Economics and Statistics, MIT Press, vol. 99(5), pages 839-852, December.
    5. Parikh, Kirit S. & Parikh, Jyoti K. & Ghosh, Probal P., 2018. "Can India grow and live within a 1.5 degree CO2 emissions budget?," Energy Policy, Elsevier, vol. 120(C), pages 24-37.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Pohle, Julia & Voelsen, Daniel, 2022. "Das Netz und die Netze. Vom Wandel des Internets und der globalen digitalen Ordnung [The net and the networks. Transformations of the Internet and the global digital order]," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 32(3), pages 455-487.

    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. Joëlle Noailly & Roger Smeets, 2022. "Financing Energy Innovation: Internal Finance and the Direction of Technical Change," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 83(1), pages 145-169, September.
    2. Wu, Qingyang & Wang, Yanying, 2022. "How does carbon emission price stimulate enterprises' total factor productivity? Insights from China's emission trading scheme pilots," Energy Economics, Elsevier, vol. 109(C).
    3. Yu, Bolin & Fang, Debin & Xiao, Kun & Pan, Yuling, 2023. "Drivers of renewable energy penetration and its role in power sector's deep decarbonization towards carbon peak," Renewable and Sustainable Energy Reviews, Elsevier, vol. 178(C).
    4. Perdana, Sigit & Vielle, Marc, 2022. "Making the EU Carbon Border Adjustment Mechanism acceptable and climate friendly for least developed countries," Energy Policy, Elsevier, vol. 170(C).
    5. Qian Zhang & Christopher Kennedy & Tao Wang & Wendong Wei & Jiashuo Li & Lei Shi, 2020. "Transforming the coal and steel nexus for China's eco‐civilization: Interplay between rail and energy infrastructure," Journal of Industrial Ecology, Yale University, vol. 24(6), pages 1352-1363, December.
    6. Zohra Dradra & Chokri Abdennadher, 2023. "Modeling the effects of renewable energy on sustainable development: evidence from simultaneous equations models," Economic Change and Restructuring, Springer, vol. 56(4), pages 2111-2128, August.
    7. Dafermos, Yannis & Nikolaidi, Maria, 2021. "How can green differentiated capital requirements affect climate risks? A dynamic macrofinancial analysis," Journal of Financial Stability, Elsevier, vol. 54(C).
    8. Laura Cavalli & Mia Alibegovic & Edward Cruickshank & Luca Farnia & Ilenia G. Romani, 2023. "The impact of EU Structural Funds on the national sustainable development strategy: a methodological application," Regional Studies, Regional Science, Taylor & Francis Journals, vol. 10(1), pages 52-69, December.
    9. Naoyuki Yoshino & Tim Schloesser & Farhad Taghizadeh‐Hesary, 2021. "Social funding of green financing: An application of distributed ledger technologies," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(4), pages 6060-6073, October.
    10. Gong, Yu & Liu, Pan & Ming, Bo & Li, Dingfang, 2021. "Identifying the effect of forecast uncertainties on hybrid power system operation: A case study of Longyangxia hydro–photovoltaic plant in China," Renewable Energy, Elsevier, vol. 178(C), pages 1303-1321.
    11. Fei Guo & Bas J. Ruijven & Behnam Zakeri & Shining Zhang & Xing Chen & Changyi Liu & Fang Yang & Volker Krey & Keywan Riahi & Han Huang & Yuanbing Zhou, 2022. "Implications of intercontinental renewable electricity trade for energy systems and emissions," Nature Energy, Nature, vol. 7(12), pages 1144-1156, December.
    12. Joelle Noailly; Roger Smeets, 2021. "Financing Energy Innovation: Internal Finance and the Direction of Technical Change," CIES Research Paper series 69-2021, Centre for International Environmental Studies, The Graduate Institute.
    13. Hayot Berk Saydaliev & Lee Chin, 2023. "Role of green financing and financial inclusion to develop the cleaner environment for macroeconomic stability: Inter-temporal analysis of ASEAN economies," Economic Change and Restructuring, Springer, vol. 56(6), pages 3839-3859, December.
    14. Roncoroni, Alan & Battiston, Stefano & Escobar-Farfán, Luis O.L. & Martinez-Jaramillo, Serafin, 2021. "Climate risk and financial stability in the network of banks and investment funds," Journal of Financial Stability, Elsevier, vol. 54(C).
    15. Mahmoud G. Hemeida & Ashraf M. Hemeida & Tomonobu Senjyu & Dina Osheba, 2022. "Renewable Energy Resources Technologies and Life Cycle Assessment: Review," Energies, MDPI, vol. 15(24), pages 1-36, December.
    16. Athar Ajaz Khan & János Abonyi, 2022. "Simulation of Sustainable Manufacturing Solutions: Tools for Enabling Circular Economy," Sustainability, MDPI, vol. 14(15), pages 1-40, August.
    17. Ottmar Edenhofer & Max Franks & Matthias Kalkuhl, 2021. "Pigou in the 21st Century: a tribute on the occasion of the 100th anniversary of the publication of The Economics of Welfare," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 28(5), pages 1090-1121, October.
    18. Pablo E. Carvajal & Asami Miketa & Nadeem Goussous & Pauline Fulcheri, 2022. "Best Practice in Government Use and Development of Long-Term Energy Transition Scenarios," Energies, MDPI, vol. 15(6), pages 1-21, March.
    19. Gregor Semieniuk & Emanuele Campiglio & Jean‐Francois Mercure & Ulrich Volz & Neil R. Edwards, 2021. "Low‐carbon transition risks for finance," Wiley Interdisciplinary Reviews: Climate Change, John Wiley & Sons, vol. 12(1), January.
    20. Vandyck, Toon & Weitzel, Matthias & Wojtowicz, Krzysztof & Rey Los Santos, Luis & Maftei, Anamaria & Riscado, Sara, 2021. "Climate policy design, competitiveness and income distribution: A macro-micro assessment for 11 EU countries," Energy Economics, Elsevier, vol. 103(C).

    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:gam:jeners:v:15:y:2022:i:16:p:5852-:d:886444. 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    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.