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Keeping tabs on carbon with an accounting system
Context:
The "climate polycrisis" is interconnected to climate challenges, advocating for National Carbon Accounting (NCA) as a transformative solution.
Understanding the Climate Polycrisis
- Definition of Polycrisis: The climate polycrisis encompasses interconnected climate change challenges affecting various sectors and domains.
- Complex Interconnections: Climate change impacts sectors like energy, infrastructure, health, migration, and food production in India.
- Importance of Holistic Approach: Addressing the climate polycrisis requires holistic, stakeholder-inclusive approaches focusing on resilience, equity, and justice.
Need for Carbon Infrastructure and Measurement
- Importance of Measurement: To address the climate crisis, comprehensive measurement of carbon emissions, from individuals to the nation, is essential.
- National Carbon Accounting (NCA): Implementing NCA, akin to financial accounting, can revolutionize tracking carbon inflows and outflows.
- Benefits of NCA: NCA will make carbon visible, enable progressive carbon taxation, and drive predictions and progress tracking towards emission reduction goals.
Carbon Accounting's Potential Impact
- Reshaping the Economy: NCA can lead to a new economy focused on carbon reduction, with a parallel goal of reducing carbon GDP.
- Creating New Livelihoods: Adoption of NCA can help India achieve net-zero emissions by 2070 and align development with ecological sustainability.
- Polysolution to Polycrisis: NCA offers a multifaceted solution to address the complex challenges posed by the climate polycrisis.
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