Despite mounting international pressure, India is unlikely to commit to achieving carbon neutrality by 2050, government officials say Reuters.
Expecting strong growth in energy demand in the coming decades and even to overtake China as the world’s largest energy growth engine at some point in this decade, India is not willing to bind to a strict deadline to achieve net zero issues, as she fears this has been the case. jeopardize economic growth and consumption, according to Reuters sources.
“We may not be able to commit to net zero emissions, it is a delicate issue,” one of the sources told Reuters.
India is the third largest emitter of carbon dioxide in the world, behind China and the United States.
China pledged last year to aim for carbon neutrality by 2060, a decade later than most Western countries’ net zero emissions targets of 2050.
The United States, for its part, is pushing for meaningful emission reduction targets as part of President Joe Biden’s climate agenda. President Biden will welcome a virtual leaders’ climate summit next month, to which he invited 40 world leaders, including Indian Prime Minister Narendra Modi and Chinese President Xi Jinping.
India will prefer to stick to its targets under the Paris Agreement to reduce its carbon emissions and significantly increase the production of renewable energy in its electricity mix rather than commit to a net zero target. , according to government sources who spoke to Reuters.
India would approve a global goal of net zero emissions by 2050, but it cannot bind to it individually, climate negotiator Chandrashekhar Dasgupta told Jayashree Nandi of the Hindustan Times in a report. interview published Tuesday.
A goal of net zero by 2050 would mean India’s economy would have to “scrapped all existing power plants and coal plants immediately, or, failing that, equip them with carbon capture and storage technology.” This would incur astronomical costs at a time when the economy is already reeling from the Covid-19 pandemic, ”Dasgupta told Hindustan Times.
Earlier this month, state-owned Coal India mining company approved up to 32 new coal mining projects for a total investment of $ 6.4 billion.
By Charles Kennedy for Oil chauffage
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