This overview sets the scene for the various modules in the Renewables 2024 Global Status Report Collection. It provides high-level trends on the status of renewables in the wider fossil fuel-dominated energy system in the context of global challenges such as climate change, development goals and the geopolitical landscape. Urgent …
This publication analyses the current state of decarbonisation and climate ambition in the transport sectors of G20 countries. In light of India’s G20 presidencyin 2023, and with emerging economies at the helm of the intergovernmental forum in 2022 (Indonesia) and 2024 (Brazil), this report seeks to support global discussions surrounding …
Analyzing the potential of carbon capture, utilization, and storage (CCUS) to secure a low-carbon environment for Asia and the Pacific, this Asian Development Bank (ADB) compendium features 11 CCUS technologies and tools. As ADB strives to facilitate this low-carbon future for the region within the next half of this century, …
India aims to reach net zero carbon emissions by 2070 – a demanding task given the country’s ambitious sustainable development objectives. Road transport currently accounts for a relatively small share in national CO2 emissions, but as India seeks to satisfy the mobility needs of its growing, urbanising and rapidly developing …
CDP’s new analysis of corporate disclosure on forest-related risks has been published, revealing that more than 1,000 companies are now disclosing relevant data. More than 60% of companies have disclosed what types of risks deforestation poses to their business, ranging from shifts in consumer preference or increased severity of extreme …
After the Goods and Services Tax (GST), the GST cess is the second largest pool of taxes collected on passenger cars in India. This paper uses sales data for fiscal year (FY) 2020–21 to analyze the impact of three different GST cess structures: a baseline scenario in which the cess …
The power ministry notified the Carbon Credit Trading Scheme, 2023, to develop the domestic carbon market as the country aims at decarbonising the economy and has committed to cut emissions by 45% from the 2005 levels by 2030. The Ministry of Power (MoP) has issued Carbon Credit Trading Scheme, 2023. …
Cooling links to numerous national and international sustainable development objectives and targets, including the Sustainable Development Goals and the NDCs under the Paris Agreement. Cooling’s influence on power systems, the energy transition, climate efforts and resilience is large. Yet, cooling does not receive adequate attention within national policy frameworks of …
As India moves steadfastly towards incorporating a higher share of Renewable Energy (RE) in its power mix, electrification of the transport sector is viewed as a low-hanging fruit towards achieving sectoral decarbonisation. Further, an assessment that was conducted to determine the priority sectors for deep electrification identified the transport sector …
The International Renewable Energy Agency (IRENA) has released its World Energy Transitions Outlook (WETO) 2023, emphasizing the urgent need for a significant increase in renewable power capacity. The report highlights the importance of tripling annual renewable power additions by 2030 to stay on track with the 1.5°C climate target set …
The IPCC’s sixth assessment report (AR6) provides crucial information on how to tackle climate change, in particular identifying pathways that limit warming to 1.5°C with no or limited overshoot. However, many of the pathways in the AR6 database are not fully Paris Agreement compatible in that they do not bring …
A growing number of companies are pledging to cut their greenhouse gas emissions to ” net zero ” as part of global efforts to tackle climate change, but that goal is rarely supported by a credible plan, according to this report compiled by experts from four independent research organizations. Net …
India’s transportation sector is expected to expand rapidly due to rising incomes and increasing urbanization, and the government is keen to electrify transportation to reduce greenhouse gas emissions. India has set a national goal of 30% battery electric vehicle (BEV) sales by 2030 and fleet-average carbon dioxide (CO2) emission standards …
This paper explores the nexus between decarbonisation and intergovernmental fiscal relations, focusing on related challenges and reform options. It highlights the significant role of subnational governments in tackling climate change. Subnational and national governments share responsibilities in areas such as taxation, spending and regulation pertaining to environmental protection, as well …
This paper finds the green trade pattern of Asian economies is increasing in terms of its export share within the region and in global trade. However, the green imports share showed faster growth than the exports share. In addition, the pattern of green trade differs depending on green industry definitions, …
Over the past two years, several academic institutions and think tanks have collaborated on these issues. This effort has resulted in the outline of a framework for a GCA. The GCA initiative builds on existing climate agreements and multiple modelling studies that indicate that net zero is net positive. The …
India has assumed the G20 presidency at a critical and opportune time in history, even as the half-yearly report card indicates that consensus-building in the grouping has been more difficult than India may have expected. This brief identifies six areas where India can manifest its capability to lead the building …
This paper estimates the effects of gradually introducing a US$25/ton CO2-equivalent carbon tax in South Asian economies using the Climate Policy Assessment Tool (CPAT). The results for South Asia suggest that monetized welfare co-benefits net of efficiency costs from such a tax—regardless of what other economies or regions do—are resoundingly …
Industrial emission accounts for about one-third of all global anthropogenic CO2 emissions and are expected to grow rapidly, with major contribution from developing economies. In India, the industrial sector is the largest and fastest-growing energy end-use sector and is expected to be the single largest source of CO2 emissions by …
Climate challenges in Indonesia are intertwined with the country’s growth and development trajectories. Indonesia’s Country Climate and Development Report (CCDR) takes a historical look at climate and development challenges in Indonesia to: (i) present a baseline for the future low-carbon and climate-resilient journey; and (ii) develop a framework to illustrate …
This study estimates the theoretical CO₂ sequestration potential in different geological formations in India, considering above-ground constraints such as no-go zones and population density. It provides policy recommendations to accelerate the exploration and development of such formations to imminently start Carbon capture and storage (CCS) projects in the country. India …
