A Framework for Climate Change Mitigation in India

49 Pages Posted: 2 Nov 2023

See all articles by Jean Chateau

Jean Chateau

International Monetary Fund (IMF)

Geetika Dang

International Monetary Fund (IMF)

Margaux MacDonald

International Monetary Fund (IMF)

John Spray

International Monetary Fund (IMF)

Sneha Thube

International Monetary Fund (IMF)

Abstract

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

JEL Classification: Q50, Q40, Q20, C60

Suggested Citation

Chateau, Jean and Dang, Geetika and MacDonald, Margaux and Spray, John and Thube, Sneha, A Framework for Climate Change Mitigation in India. IMF Working Paper No. 2023/218, Available at SSRN: https://ssrn.com/abstract=4619835 or http://dx.doi.org/10.5089/9798400257995.001

Jean Chateau (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Geetika Dang

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Margaux MacDonald

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

John Spray

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Sneha Thube

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

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