What's New :
Gist of ECONOMY SURVEY 2022-2023 Download PDF
Summary and Analysis of Union Budget 2023-2024 Download PDF

Funding the energy transition

  • Published
    17th Dec, 2022

Context:

The long-term low-carbon development strategy is a fitting response from India. But when it comes to financial responsibility on the pathway to net zero, there is a need for better guidance.

Rift between developing and developed countries

  • Financial Responsibility: There is a rift between developed & developing nations on account of asymmetries between the incidence of the financial responsibility assumed for climate change.
  • Disproportionate Impact: About 92 percent of historical emissions are attributed to developed countries, still the economic impact of climate change is unfairly borne by developing nations.
  • Dual costs of Transition: Costs of shifting away from fossil fuels & of climate catastrophes under the ongoing slowdown, inflation & sovereign debt raises red flags for developing nations.
You must be logged in to get greater insights.
X

Verifying, please be patient.

Enquire Now