Climate change will cause India’s GDP to decline by 24.7% by 2070: ADB

According to a recent analysis, climate change is predicted to cause a 16.9% GDP reduction in the Asia-Pacific area by 2070 under a high-emission scenario, with India estimated to suffer a 24.7% GDP decline. According to the report, increasing sea levels and declining labor productivity would have the biggest impact on losses, with lower-income and

Coal India to implement energy efficiency

India is committed to reduce Emissions Intensity of its GDP by 45 per cent by 2030 as per the updated NDC. In alignment of this, Coal Sector is at the forefront in leading energy conservation and efficiency measures recognizing the paramount importance of judicious energy resource utilization. The significance of this endeavour is that, generally,

India needs to invest 5% of GDP to meet net zero emissions

India will need to invest 5% of its GDP annually to meet net-zero emissions by 2050. With the unavoidable El Niño phenomenon having drained August of monsoonal rains, we just had a bite-sized look into what remains in store for us vis-a-vis our current climate trajectory. A major win that will fortify our green transition

India must act on mining and exploration of critical minerals for green technologies

The COP26 meeting held in Glasgow on climate change issues discussed accelerating action and strategies toward achieving objectives outlined in the Paris Agreement. Consequently, India has committed to increasing its non-fossil fuel energy capacity to 500 GW by 2030, reducing the economy’s carbon intensity to less than 45% in 2030 compared to 2005 levels, and

Global energy transition to cause short-term economic pain

The transition to clean energy required to prevent temperatures from rising swiftly could shave 2% off global GDP by 2050 but is likely recoverable before the end of the century, a report by natural resources consultancy Wood Mackenzie said on Thursday. While investments in technologies like solar and wind farms, advanced batteries will generate jobs,