Indian policymakers

The new goals will be submitted to the U.N.'s climate agency as part of an international agreement where nations publish how they intend to reduce their greenhouse gas emissions, known as nationally determined contributions. The U.S. hopes to achieve “net zero” by 2050, and China by 2060.

Indian policymakers say that together with net zero, the country is also trying to ensure energy independence and energy security. That is probably why it has not yet set a peak year for its coal production. 

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What is the Indian government doing to move towards net zero? 

• Transport sector emits about 292 MnT. That can be reduced to about 40-50% by shifting goods-transport to energy-efficient Rail-transport and by shifting passenger-traffic from private-cars to Public-transport. Eventually, both actions shall reduce logistics cost and save imported energy besides reducing GHG-emission.
• The cost of transitioning to a net-zero economy runs into trillions of dollars. In 2022, a report by the think tank Climate Policy Initiative estimated that India needs about USD 10.1 trillion to reach net-zero emissions by 2070. 
• Renewable energy companies including ReNew Power have also announced their interest in green hydrogen plans. ReNew Power has plans to achieve net zero by 2040. 
• Moreover, the government’s plan does not provide transparent information on the intended use of CCUS or other carbon dioxide removal technologies to meet its net zero target.