Reconciling India’s Climate and Industrial Targets: A Policy Roadmap.
Introduction
India has performed remarkably well in terms of its climate trajectory over the past decade. From 2005 to 2014, the country’s GHG-emission intensity declined by 21 percent.
[1] According to Climate Transparency, India is the only G20 nation on-track to achieve the targets under the Paris Agreement.
[2] One of the key, albeit unfortunate, reasons behind India’s climate success is the underperformance of its manufacturing sector. Since industries constitute approximately one-fourth of the economy’s total GHG emissions,
[3] the sector’s sluggish growth has led to only a moderate increase in industrial power demand and emission-intensity of the gross domestic product (GDP).