The Financial Express India made five commitments at COP26: (1) it will increase its non-fossil energy capacity to 500 GW by 2030; (2) it will meet 50 percent of its energy requirements through renewable energy by 2030; (3) it will reduce the total projected carbon emissions by one billion tonnes until 2030; (4) by 2030, it will reduce the carbon intensity of its economy … Read More Net Finance – A companion to Net Zero
State of public finances has a direct impact on Green policies that Government can pursue – the range of policy options gets shaped by the need for more revenues or the ability to spend them Financial Express India’s commitment to Net Zero by 2070, has well and truly set the course for a Green transition in the country. Many aspects of this once-in-a-lifetime change … Read More Fiscal considerations of the Green transition
The notional ‘saving’ of ~Rs 1 lakh crore on the fiscal deficit front offers India an opportunity to create a fund to deal with climate change Financial Express Fiscal year 2021-22 has been volatile, to say the least. The Budget for FY2022 was presented on Feb 1 last year at a time when the first wave of Covid-19 was firmly behind us. However, soon … Read More Sequestering the fiscal bounty
Observer Research Foundation (ORF) put together a monograph on Shaping Our Green Future: Pathways and Policies for a Net-Zero Transformation. 1 They pulled together a fantastic set of perspectives from Mr. Jayant Sinha, The Fletcher Business School, Climate Policy Lab, MacArthur Foundation, Shakti Sustainable Energy Foundation, and NIIF. This is a timely publication – coming while COP26 is on at Glasgow, Scotland and when … Read More Shaping our Green Future: Pathways and Policies for a Net Zero Transition
Financial Express New sources of capital and new instruments are required to power the green transition Green Transition is a reality: it is here and now. The recent spate of high-impact climate-related disasters across the world (floods, wildfires, heatwaves, etc.) have underscored the magnitude of challenges facing humanity cutting across country borders. This has prompted societies and leaders across the world into thinking and … Read More Financing the Green Transition
Financial Express Writing on LinkedIn recently, Hon’ble Prime Minister Shri Narendra Modi said, “The 15th Finance Commission and several academics have emphasised the crucial importance of sound property taxation. The third reform required states to notify floor rates of property tax and of water & sewerage charges, in consonance with stamp duty guideline values for property transactions and current costs respectively, in urban areas. … Read More Urban development and green finance: Blending two mega trends
Financial Express India is a signatory and strong advocate for the United Nations Framework Convention on Climate Change (UNFCCC), and the only large country on track for emissions reduction as agreed under the Paris convention. These transitions are expected to be net positive for the economy from cleaning up the emissions, creating new jobs, and fostering economic growth. International Energy Agency (IEA) estimates that … Read More Attracting Large Pools of Capital for a Green Transition
Book review of Bill Gates’: “How to Avoid a Climate Disaster” Financial Express This book should be a required reading for anyone interested in:• the “big picture” of greenhouse gas (GHG) emissions (where do the 51 billion tons of GHG come from),• what are sub-components of the key areas (energy, transport, materials, and agriculture) that contribute to the change,• what innovations are taking place … Read More Net-zero will require a serious effort – now!