The power ministry notified the Carbon Credit Trading Scheme, 2023, to develop the domestic carbon market as the country aims at decarbonising the economy and has committed to cut emissions by 45% from the 2005 levels by 2030.

Cooling links to numerous national and international sustainable development objectives and targets, including the Sustainable Development Goals and the NDCs under the Paris Agreement. Cooling’s influence on power systems, the energy transition, climate efforts and resilience is large.

As India moves steadfastly towards incorporating a higher share of Renewable Energy (RE) in its power mix, electrification of the transport sector is viewed as a low-hanging fruit towards achieving sectoral decarbonisation.

The International Renewable Energy Agency (IRENA) has released its World Energy Transitions Outlook (WETO) 2023, emphasizing the urgent need for a significant increase in renewable power capacity. The report highlights the importance of tripling annual renewable power additions by 2030 to stay on track with the 1.5°C climate target set by the Paris Agreement.

The IPCC’s sixth assessment report (AR6) provides crucial information on how to tackle climate change, in particular identifying pathways that limit warming to 1.5°C with no or limited overshoot.

A growing number of companies are pledging to cut their greenhouse gas emissions to ” net zero ” as part of global efforts to tackle climate change, but that goal is rarely supported by a credible plan, according to this report compiled by experts from four independent research organizations.

India’s transportation sector is expected to expand rapidly due to rising incomes and increasing urbanization, and the government is keen to electrify transportation to reduce greenhouse gas emissions.

This paper explores the nexus between decarbonisation and intergovernmental fiscal relations, focusing on related challenges and reform options. It highlights the significant role of subnational governments in tackling climate change.

This paper finds the green trade pattern of Asian economies is increasing in terms of its export share within the region and in global trade. However, the green imports share showed faster growth than the exports share.

Over the past two years, several academic institutions and think tanks have collaborated on these issues. This effort has resulted in the outline of a framework for a GCA. The GCA initiative builds on existing climate agreements and multiple modelling studies that indicate that net zero is net positive.