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Decarbonising India: Charting a pathway for sustainable growth

Harmony Internal - McKinsey

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  Edited by Stephanie d’Arc Taylor
  Editor, Southern California

Let’s get the bad news out of the way: India is the world’s third-largest carbon emitter (though far behind the United States and China). The good news is that there’s plenty of room—and ambition—for green growth. In fact, India has the potential to contribute nearly half the carbon space needed globally to achieve a 1.5°C pathway. But change needs to come soon. The subcontinent is looking toward a period of rapid development: over three-quarters of the India of 2050 is yet to be built. Policies must be implemented in the next decade to ensure this infrastructure is developed more sustainably. The planet isn’t the only potential beneficiary of these policies: India’s transition from thermal power to renewables, to cite just one example, stands to significantly decrease the average cost of power supply, save the country a cumulative $1.7 trillion in the foreign exchange, and position India as a world leader in green technologies. For more actions to accelerate India’s decarbonization, check out a new report by Rajat Gupta, Shirish Sankhe, and their coauthors.
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by "McKinsey Daily Read" <publishing@email.mckinsey.com> - 06:38 - 31 Oct 2022