India and China Are Doing Better in Climate Than They Admit

TL;DR

Within months, another black swan event and a series of climate disasters derailed decarbonisation plans that were just beginning to be spelt out and set in motion.In terms of their domestic NDCs, both India and China have submitted their official and increased targets to the UNFCCC earlier this year and according to an assessment by the Climate Action Tracker—an independent consultancy—are well placed to announce deeper cuts and might quite possibly even overachieve.In fact, according to CREA’s analysis of announcements made at the central and provincial levels, it might reach 1,100 GW by 2025 making it possible to achieve 1,200 GW much ahead of its 2030 target.Other policies, plans and market trends that have been laid out and will facilitate the rapid uptake of renewables include government programmes such as the Gati Shakti National Master Plan, Atmanirbhar Bharat, green energy open access, the Energy Conservation Bill, 2022, which not only look at energy efficiency, but the rapid uptake of renewables.The green investments by thermal giants, especially PSUs like Coal India reflect a transition, which might be unacknowledged and unplanned for, but definitely underway and will impact an estimated 13 million people across the value chain."

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