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The “Getting India To Net Zero” Report
Prime Minister Narendra Modi’s an aspiring commitment to achieve net zero carbon emissions by 2070 in Glasgow in 2021 if completes its target then this ambition could boost the GDP of India by $371 bn ,4.7 percent above what is expected and measured in the terms of GDP by 2036, according to the latest estimations of the report named ‘Getting India To Net Zero’. This report is commissioned by the High Level Policy Commission.
It is expected according to this report that if India achieves the net zero carbon emissions target by 2070 then the country’s economy could get stimulus and it would result in a spur of GDP value by 2036. Prime Minister Narendra Modi started a high ambitious commitment to reduce carbon footprint and carbon emissions and achieve a total reduction of carbon emissions to the zero level and it is expected to achieve this target by 2070.
India’s effective and efficient policies towards the clean energy transition will be beneficial and become mandatory to achieve net zero emission. The report also analysed the benefits which will come from the achievement of net zero emissions and listed in this report.
The policies which will help India to achieve its net zero target are improvement in trade balance due to scarcity in the demand of fossil fuel, decarbonise its energy systems, ending new coal mining as soon as possible, transitioning from unabated coal power, economic wide investments, additional finance. The holistic implementation of these policies could make this net zero carbon emissions target by 2070 possible.
Improved measures to combat new coal mining by 2030 could be particularly impactful for India to achieve its remarkable target for climate change. Adopting the transition from unabated coal power by 2040 would also help India to get net zero carbon emissions by 2070.
Other important data:
If India achieves the net zero carbon emissions target by 2050 , there will be a boost of job opportunities such as nearly 20 billion additional job opportunities. By this India could improve the level of GDP growth by 7.3 percent worth $470 billion.
Investment in the policies which tackle climate change more efficiently would also help India to achieve its target. India needs a holistic approach and economy wide investments to make this net zero carbon emissions target achievable by 2070 and make India a energy sufficient country.
According to the Convener of the High Level Policy Commission, India’s target to get net zero carbon emissions by 2070 would be favourable not only for the world but it would also help India’s ambition for sustainable development and inclusive growth of every sector in the country by increasing the number of job opportunities and securing the livelihoods.
India’s ambitious target to get net zero carbon emissions by 2070 is necessary not only to combat climate change but also to improve the country’s economic power and make India a powerful country in the terms of GDP as well as a carbon emissions free country.
Questions And Answers:
Q1. What is the name of the report commissioned by the High Level Policy Commission?
Ans. Getting India to net zero.
Q2. India’s target to achieve net zero carbon emissions by which year?
Q3. Where did PM Narendra Modi stated this commitment?
Ans. Glasgow in 2021.