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Asia and Pacific > India

You are looking at 1 - 3 of 3 items for :

  • Type: Journal Issue x
  • Renewable Resources and Conservation: General x
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Cover IMF Working Papers
A Framework for Climate Change Mitigation in India
Jean Chateau
,
Geetika Dang
,
Ms. Margaux MacDonald
,
John A Spray
, and
Sneha D Thube
Climate change poses challenging policy tradeoffs for India. The country faces the challenge of raising living standards for a population of 1.4 billion while at the same time needing to be a critical contributor to reducing global GHG emissions. The government has implemented numerous policies to promote the manufacturing and use of renewable energy and shift away from coal, but much still needs to be done to reach India’s 2070 net zero goal. Reducing GHG emissions will almost certainly have a negative impact on growth in the short run and have important distributional consequences for individuals and communities who today rely on coal. But with the right policies, these costs—which are non-negligible but dwarfed by the cost of climate change over the next decade if no action is taken—can be significantly curtailed. This paper provides an in depth review of the current climate policy landscape in India and models emissions trajectories under different policy options to reduce GHG emissions.
Keywords:
Climate; IMF-ENV; India; net zero; climate policy landscape; research department; cost of climate change; emissions intensity; demand management; Greenhouse gas emissions; Renewable energy; Climate finance; Non-renewable resources; Electricity; Global; Asia and Pacific
Cover IMF Working Papers
Climate Change in South Asia: Further Need for Mitigation and Adaptation
Ruchir Agarwal
,
Vybhavi Balasundharam
,
Patrick Blagrave
,
Mr. Eugenio M Cerutti
,
Ragnar Gudmundsson
, and
Racha Mousa
The South Asia region is both a large contributor to climate change and also one of the regions most vulnerable to climate change. This paper provides an overview of the region’s vulnerabilities, national committments to mitigate emissions, and national policies to adapt to a changing climate. The paper also discusses policy measures that may be needed to make further progress on both mitigation and adapatation. Our analysis suggests that while substantial progress is being made, there remains scope to adopt a more cohesive strategy to achieve the region’s goals—including by improving the monitoring and tracking of adaptation spending, and by laying the groundwork to equitably increase the effective price of carbon while protecting low-income and vulnerable households in the region.
Keywords:
South Asia region; mitigation policy; policy measure; climate change in South Asia; power generation; Climate change; Climate finance; Natural disasters; Greenhouse gas emissions; South Asia; Global; Asia and Pacific
Cover IMF Working Papers
Riding the Energy Transition: Oil Beyond 2040
Reda Cherif
,
Fuad Hasanov
, and
Aditya Pande
Recent technological developments and past technology transitions suggest that the world could be on the verge of a profound shift in transportation technology. The return of the electric car and its adoption, like that of the motor vehicle in place of horses in early 20th century, could cut oil consumption substantially in the coming decades. Our analysis suggests that oil as the main fuel for transportation could have a much shorter life span left than commonly assumed. In the fast adoption scenario, oil prices could converge to the level of coal prices, about $15 per barrel in 2015 prices by the early 2040s. In this possible future, oil could become the new coal.
Keywords:
WP; oil price; oil demand; EV market; graph line; lithium-ion battery; renewable energy; energy transition; electric vehicle; motor vehicles adoption; battery EVs; penetration projection; electric car car industry; project EVs; lifetime cost competitiveness; adoption of EVs; motor-vehicle ownership; Oil; Non-renewable resources; Oil prices; Transportation; Renewable resources; Global