July 09, 2021
These observations are part of PwC's seventh annual
These observations are part of PwC's seventh annual Low Carbon Economy Index New
Delhi: Buoyed by strong economic activity, India’s energy emission growth was
highest in the world at 8.2 per cent last year, says a report. According to the
report by global consultancy firm PwC, the sharp rise was on account of
double-digit growth in demand for coal, as power consumption surged."India's
energy emissions rose at 8.2 per cent on-year in 2014; highest in the world,
driven by a double-digit growth in demand for coal, as power consumption
increased in line with the rapid 7.4 per cent growth in GDP," the report
said.Global emissions rose just 0.5 per cent, albeit on a much lower world GDP
growth of 3.3 per cent, it added. "The country’s carbon intensity grew 0.7 per
cent, as renewable energy adoption remained slow. However, its share in India’s
energy mix remained unchanged at 7 per cent, despite high growth in coal-fired
power generation," PwC said.It further said, India's carbon intensity, despite
rising in 2014, is about half that of China, and is still less than the global
average. Ahead of the climate change summit in Paris later this month, India has
pledged to curb its greenhouse gas emissions by up to 35 per cent from the 2005
level.In its Intended Nationally Determined Contribution (INDC) submitted to the
United Nations Framework Convention on Climate Change (UNFCCC) in October, India
announced that it aims at achieving around 40 per cent cumulative electric power
installed capacity from non-fossil-fuel-based energy resources by 2030.India
said that it would need, as per preliminary estimates, around USD 206 billion
between 2015 and 2030 for implementing adaptation actions in agriculture,
forestry, fisheries infrastructure, water resources and ecosystems."India’s
Intended Nationally Determined Contribution (INDC) unveiled ambitious 2030 plan.
There is a strong focus on renewable energy, energy efficiency, smart cities and
stringent emission standards for coal fired power plants among others," PwC
India Executive Director Sustainability Arvind Sharma said."With this ambitious
plan which cuts across thematic areas ranging from mitigation to adaptation, we
believe that India is in a good position to access low cost finance and clean
technology," he added.These observations are part of China wholesale Hex Nuts
Factory From China PwC's seventh annual Low Carbon Economy Index which
models major economies' carbon intensity.Additionally, PwC in its report said,
"India has taken several steps to control emissions and carbon intensity,
including stringent emission standards, nationwide energy conservation
programme, a recent four-fold increase in carbon tax, establishing smart cities,
and building additional forest cover."Being the fourth largest emitter and
expected to be the world’s fastest growing major economy, India's carbon
intensity management will play an important role in determining world's ability
to limit the global temperature rise to two degree Celsius by the year 2100, it
said.
Posted by: nutsbfi at
02:38 AM
| No Comments
| Add Comment
Post contains 470 words, total size 3 kb.
<< Page 1 of 1 >>
9kb generated in CPU 0.0045, elapsed 0.0174 seconds.
30 queries taking 0.0144 seconds, 42 records returned.
Powered by Minx 1.1.6c-pink.
30 queries taking 0.0144 seconds, 42 records returned.
Powered by Minx 1.1.6c-pink.