Subsidies to renewable energy and higher tariffs on coal could cut emissions in India by a third by 2030. This has been revealed in a study conducted by Margaux McDonald and John Spray, two economists of the International Monetary Fund (IMF).
These two steps would also reduce coal imports by 14 percent by 2030, their study says, thereby increasing resilience to global changes in energy prices and improving energy security.
Details of the study were released on Tuesday. According to it, India has made significant progress towards meeting its emission reduction targets under the Paris Agreement, but with current policies, total greenhouse gas emissions will increase by a further 40 per cent by 2030.
It states that modest increases in short-term emissions may be necessary to achieve the goals of poverty alleviation and energy security, but scaling-up existing policies could bring the goal of net-zero emissions closer to 2070. Is.
The two economists said their study showed that subsidies to renewables and higher tariffs on coal could reduce emissions in India by a third by 2030.
