Berliner Boersenzeitung - Green goals versus growth needs: India's climate scorecard

EUR -
AED 4.095102
AFN 72.480008
ALL 90.801688
AMD 402.807486
ANG 1.995737
AOA 1023.635334
ARS 1721.721299
AUD 1.61933
AWG 2.007127
AZN 1.900047
BAM 1.955836
BBD 2.250342
BDT 139.162586
BGN 1.948955
BHD 0.422108
BIF 3342.96213
BMD 1.115071
BND 1.431727
BOB 13.402249
BRL 6.138357
BSD 1.117321
BTN 104.873949
BWP 15.391286
BYN 3.345962
BYR 21855.38619
BZD 2.247142
CAD 1.573644
CDF 2586.964483
CHF 0.914162
CLF 0.027822
CLP 1094.980351
CNY 7.444774
CNH 7.438418
COP 3608.76707
CRC 506.709417
CUC 1.115071
CUP 26.815498
CVE 110.267049
CZK 24.346956
DJF 198.963698
DKK 7.480457
DOP 67.891262
DZD 151.940824
EGP 59.957114
ERN 16.726061
ETB 183.378708
FJD 2.526309
FKP 0.834974
GBP 0.834166
GEL 2.893653
GGP 0.834974
GHS 13.055243
GIP 0.834974
GMD 83.077063
GNF 9896.183924
GTQ 8.538159
GYD 234.234353
HKD 8.744429
HNL 30.029558
HRK 7.547925
HTG 146.432722
HUF 363.51345
IDR 20192.258205
ILS 3.552538
IMP 0.834974
INR 104.716854
IQD 1693.83148
IRR 2108992.359359
ISK 136.919964
JEP 0.834974
JMD 177.323296
JOD 0.790629
JPY 176.710877
KES 145.192698
KGS 97.510486
KHR 4552.084602
KMF 492.86165
KPW 1003.563608
KRW 1520.737678
KWD 0.346765
KYD 0.931217
KZT 500.809308
LAK 25136.46717
LBP 100053.859534
LKR 371.556906
LRD 189.94353
LSL 18.477643
LTL 3.292514
LVL 0.674496
LYD 7.150133
MAD 10.921803
MDL 19.971371
MGA 5077.094359
MKD 61.556144
MMK 2341.587311
MNT 4015.514918
MOP 9.019368
MRU 45.108838
MUR 52.442198
MVR 17.176258
MWK 1937.436008
MXN 20.766565
MYR 4.528864
MZN 71.257178
NAD 18.477643
NGN 1502.23485
NIO 41.120764
NOK 10.548462
NPR 167.798119
NZD 2.015128
OMR 0.428348
PAB 1.117421
PEN 3.848972
PGK 5.092095
PHP 70.369926
PKR 309.016043
PLN 4.399568
PYG 6984.129802
QAR 4.084276
RON 5.343646
RSD 117.622186
RUB 91.352798
RWF 1649.13065
SAR 4.188587
SBD 8.974739
SCR 15.358485
SDG 670.719139
SEK 11.033072
SGD 1.430306
SHP 0.835103
SLE 25.591287
SLL 23382.48045
SOS 638.511867
SRD 41.908265
STD 23079.712667
STN 24.500455
SVC 9.776182
SYP 14498.149201
SZL 18.471343
THB 37.411034
TJS 10.307092
TMT 3.902748
TND 3.343362
TOP 2.684822
TRY 55.9111
TTD 7.577141
TWD 36.546782
TZS 2952.454872
UAH 50.616941
UGX 4570.084937
USD 1.115071
UYU 44.950835
UZS 13332.247784
VES 999.456181
VND 28526.296796
VUV 132.393741
WST 3.108622
XAF 655.957
XAG 0.021465
XAU 0.000274244363
XCD 3.013535
XCG 2.013637
XDR 0.788413
XOF 655.957
XPF 119.331742
YER 263.853652
ZAR 18.420333
ZMK 10036.978597
ZMW 22.703422
ZWL 359.052318
SSP 6406.340367
MXV 2.33632
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

Green goals versus growth needs: India's climate scorecard
Green goals versus growth needs: India's climate scorecard / Photo: Money SHARMA - AFP/File

Green goals versus growth needs: India's climate scorecard

India is the world's most populous country, the third-biggest emitter of greenhouse gases, and remains deeply dependent on polluting coal to meet soaring energy demand.

Text size:

It is also a climate diplomacy heavyweight, representing developing economies.

Ahead of the COP30 climate talks in Brazil this month, here is a look at India's commitments:

- Emissions -

India emitted 4.4 billion tonnes of carbon dioxide equivalent -- a measure of all planet-warming greenhouse gases -- in 2024, according to UN figures, behind only China and the United States.

But with a population of 1.4 billion people, its per capita emissions and historical contributions to global warming are much smaller.

India is committed to reaching net-zero emissions by 2070, and is on track to meet and exceed a pledge to reduce emission intensity 45 percent from 2005 levels by 2030.

- Electricity -

India's emissions are dominated by coal, which generates around 75 percent of the country's electricity.

This year, non-fossil fuels hit half of India's installed energy capacity, a target reached five years earlier than planned.

But that capacity has not translated into generation, and India's remains the world's second largest coal consumer.

Its electricity needs are expected to more than double by 2047, according to the country's Center for Science and Environment.

And so far it remains off-track on an ambitious domestic goal to reach 43 percent renewable energy generation by 2030.

Just 2.5 percent of cars sold in the country last year were electric, according to S&P Global.

- Future goals -

Like all parties to the Paris Agreement, which set a goal of limiting long-term global warming to 1.5 degrees Celsius, India must soon present a roadmap for its climate commitments, with goals to reach by 2035.

Aman Srivastava, climate policy fellow at Sustainable Futures Collaborative, said those targets would likely be cautious, allowing India to meet and possibly exceed them.

One major announcement could be a peak emissions year, perhaps around the 2040-45 range, he told AFP.

That "then allows it to kind of ramp down its emissions over the subsequent 30 years or so" towards its 2070 net-zero target, he added.

India could also increase its emission intensity target, shifting it to the 50 to 55 percent range.

Srivastava said it would also be useful for India to shift from setting renewable energy capacity targets to "speaking about actual generation coming from non-fossil sources".

- Challenges -

India has led the charge among developing countries seeking more financial assistance to both mitigate climate change and deal with its effects.

A recent report suggests India believes it will need up to $21 trillion to meet climate goals while securing the needs of its population.

"India faces multiple priorities," including job creation, infrastructure and energy demand, and growth to lift people out of poverty, said Nakul Sharma and Madhura Joshi of climate think tank E3G.

Its "climate agenda is deeply intertwined with its development and energy-security priorities," added Sharma, senior policy advisor on India, and Joshi, programme lead for Asia.

- Climate diplomacy -

India has positioned itself as a voice for developing countries and was unhappy with the climate funding target set at last year's COP meeting, deeming it insufficient.

It could even offer two sets of climate targets, with more ambitious goals conditioned on receiving more finance, Srivastava said.

It is likely to push for more support from rich nations, and emphasise their historic responsibility for climate change at COP.

"Restoring trust in multilateralism will be really important" at this year's meeting, Srivastava added.

(L.Kaufmann--BBZ)