A recent report from the Deloitte Economics Institute highlights the effect of decarbonisation on the country’s economy.
A gigantic climate crisis has an opportunity for the struggling Indian economy – if the government plays its cards right. India could gain $11 trillion (Rs 810 lakh crore) in economic value in the next 50 years by limiting the rising global temperatures and realising its potential to “export decarbonisation” to the world, a recent report from Deloitte Economics Institute has said. Decarbonisation refers to the process of minimising carbon intensity by reducing the amount of greenhouse gas emissions produced by the burning of fossil fuels. “As India aspires to be a $5 trillion economy, it is not just foreign and domestic investments that will be key in driving growth, we must also take this opportunity to align our ambitions with climate choices,” the report said. “In order to economise the decarbonisation benefits, India has to minimise its energy dependence upon fossil fuels.
