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INDIA’S CLIMATE PARADOX AT COP28
Why in the News?
- India positions itself as a Global South leader at COP28.
- The Indian PM emphasizes climate justice, highlighting the inequality of climate impacts.
- COP28, while not explicitly calling for fossil fuel phase-out, hints at transitioning away.
Source: Mercon
Source: MerconAbout Issues India’s Approach:
- Despite positioning as a renewables leader, India abstains from signing key decarbonization pledges, including the Global Renewables and Energy Efficiency Pledge.
- India, a global leader in renewable energy (RE), secures fourth position for RE capacity installations in 2022
- Renewable energy comprises 17.9%, but fossil fuels still dominate with 77% in India’s electricity production.
- National Electricity Plan emphasizes a strategic shift toward renewables but anticipates a significant increase in coal capacity.
- India committed to net zero by 2070, but current policies labelled “highly insufficient” by Climate Action Tracker. India’s energy decisions are crucial for balancing economic development with environmental sustainability.
