India is part of the global climate solution, not just part of a dirty problem to be fixed. That’s the grand message Prime Minister Narendra Modi might prefer to emphasise when he attends the United Nations Climate Change Conference, also known as COP26, that kicks off in Glasgow at the end of the month.
India's Prime Minister Narendra Modi addresses the 76th Session of the U.N. General Assembly in New York City, U.S., September 25, 2021. REUTERS/Eduardo Munoz/Pool - RC2XWP91R3MW
As a developing country relying on coal to meet about half of its primary energy demand, India is in a tricky spot. Its emissions intensity is higher than most large countries and the increase in the carbon it will pour into the atmosphere through to 2040 is set to exceed all of Europe’s planned reductions over the same period.
High costs help to explain India’s wariness of net-zero goals. One concern is that it will become a self-defeating process: If every country sets such a target, there’s a risk that developed countries will have less incentive to help fund retiring coal plants in developing countries, whether using carbon credits or a clean-development finance mechanism.
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