Shaping India's Green Recovery Through Energy Taxes and Stimulus
Explore the role of energy taxes and stimulus in shaping India's green recovery, including setting a net-zero emissions goal and understanding the implications of a just transition. Discover key policies for emissions reduction, potential impact on government revenue, and job creation through carbon tax policies.
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IISD-IEEFA Webinar on Opportunities in crises: Role of energy taxes & stimulus in shaping India's green recovery Should India set itself a net-zero emissions goal and what would a just transition entail? Ulka Kelkar, Director -Climate program, WRI India
Scenario: Total Emissions Abated MMT CO2e 2035 2050 BAU 5156 7299 Scenario 1 4267 4873 % emissions abated from BAU 17% 33% Policies with highest abatement potential in 2035 (~93%): Electrification + Hydrogen in Industry (27%), Early Retirement of Coal Plants (21%), Hydrogen production using electrolysis (16%), Carbon-free electricity standard (10%), Mode shifting (10%), Industry EE Standards (9%) Source: https://india.energypolicy.solutions
Potential Change in Government Cash Flow, by sources Potential reduction in government revenue due to reduced fossil fuel taxes revenue Source: https://india.energypolicy.solutions
Potential Impact on Jobs Scenario: Introducing a carbon tax policy for industrial sector (linearly phased in to reach a rate of INR 2500/tCO2e by 2050) can help augment government revenue, spending in the economy, and overall job gains 2035 2050 Total Jobs Increase 17,429,300 21,862,100 Source: https://india.energypolicy.solutions
Thank you www.wri.org ulka.kelkar@wri.org @UlkaKelkar
