India is the world’s sixth largest economy. By 2030, it’s predicted to have moved up to number three. But a new report says that unless there is a green energy revolution, India will also become a major source of global CO2 emissions.
Already the world’s third largest producer of CO2, India accounted for 7% of the global total in 2018. Although its emissions are lower than China (28% of global emissions) and the United States (15%), it remains heavily reliant on coal to generate electricity.
Over 80% of its electricity comes from burning coal, oil and biomass, according to a new report from the International Energy Agency (IEA).
Energy use has doubled since 2000, and power generation currently accounts for more than half of the country’s CO2 emissions. The IEA predicts that the growth in India’s demand for energy will outpace any other nation until at least 2040.
And it’s not just economic growth that’s driving India’s energy demand. The IEA says the country will be home to 270 million more people over the next 20 years. Housing this growing population will increase demand on carbon-intensive industries like cement and steel.
Read More at https://www.weforum.org/agenda/2021/03/india-green-energy-revolution-co2-emissions
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