$1.1 Trillion: The Cost to Halve India's Carbon Emissions Growth by 2030
photo: Alex Graves via flickr.
India has been adamant that while renewable energy and other cleantech advances are part of its plans to combat climate change, binding emissions reductions aren't on the table. That said, a new report from McKinsey & Company calculates the cost of roughly halving carbon emissions growth by 2030. The price tag: $1.1 trillion (about 2.3% of GDP), spent mostly on energy efficiency efforts and renewable energy:India's carbon emissions are about 1.6 billion tons per year (2005 data), but are set to rise to 6.5 billion tons by 2030. However, efforts to improve transportation infrastructure, agricultural and energy efficiency practices, plus expanded use of renewable energy could cut its emissions to 2.8 billion tons.
The report says that though the costs of implementing all this are undoubtedly high, doing so could help India become a financial leader in clean tech -- helped by its strengths in engineering and low-cost manufacturing. What's more, since much of India's infrastructure is in need of improvement/expansion anyway, the nation is in a unique position to essentially deploy clean technologies from the outset.
India Fourth National Highest Emitter, With Tiny Per Capita Emissions
India is a lesson in contrast when it comes to carbon emissions: Thought the nation recently climbed to the fourth-place position in terms of national emissions, its per-capita emissions remain among the lowest in the world -- 1/20th of those in US in fact, but growing at twice the world average rate.
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