As per the recent agreements made at the G-20 summit held in Delhi, ambitious goals were set to triple renewable energy capacity and double energy efficiency improvement by 2030 which seems difficult to get completed.
Consequences of Climate change
G-20 Summit Agreements: G-20 summit in Delhi aims for tripling renewable energy capacity and doubling energy efficiency by 2030. No consensus on phasing out fossil fuels, a critical issue in addressing the climate crisis.
Normative Ideals for Energy Transition: Effective transition includes internalizing emissions costs and compensating affected parties, placing financial responsibility on wealthier nations or classes.
India's Stance and Climate Justice: India's climate approach influenced by foreign policy and common but differentiated responsibilities, prioritizing economic growth over climate justice.
Potential Impacts
Disproportionate Effects on the Poor: Climate-induced events disrupt agriculture, directly leading to income losses for farmers, further deepening existing disparities.
Link between Inequality and Carbon Emissions: Less equitable societies exhibit higher emissions per economic unit, placing India, with its significant inequality, at heightened risk.
India's Energy Transition Policies: India's pursuit of ambitious clean energy targets necessitates careful examination of its wide-ranging implications.
Addressing Regional Inequalities
Balancing Energy Transition: A holistic approach is required to ensure a just transition that does not disproportionately impact vulnerable communities.
Regional Inequalities in Energy Sources: Renewable energy hubs, on the other hand, are concentrated in relatively wealthier regions, creating an economic and energy divide.
Role of Sub-National Governments: Sub-national governments play a crucial role in addressing climate concerns, but their priorities may conflict with those of the central government.