An Assessment of Near-to-Mid-Term Economic Impacts and Energy Transitions under “2 °C” and “1.5 °C” Scenarios for India

Shivika Mittal, Jing-Yu Liu, Shinichiro Fujimori and Priyadarshi Ramprasad Shukla
Additional contact information
Shivika Mittal: Marine and Renewable Energy Ireland, Environment Research Institute, University College Cork, T23XE10 Cork, Ireland
Jing-Yu Liu: Center for Social and Environmental Systems Research, National Institute of Environmental Studies, Tsukuba 305-8506, Japan
Shinichiro Fujimori: Center for Social and Environmental Systems Research, National Institute of Environmental Studies, Tsukuba 305-8506, Japan
Priyadarshi Ramprasad Shukla: Global Centre for Environment and Energy, Ahmedabad University, Ahmedabad 380009, Gujarat, India

Energies, 2018, vol. 11, issue 9, 1-17

Abstract: The goal of limiting global temperature rise to “well below” 2 °C has been reaffirmed in the Paris Agreement on climate change at the 21st Conference of the Parties (COP21). Almost all countries submitted their decarbonization targets in their Intended Nationally Determined Contributions (INDC) to the United Nations Framework Convention on Climate Change (UNFCCC) and India did as well. India’s nationally determined contribution (NDC) aims to reduce greenhouse gas (GHG) emissions intensity of national GDP in 2030 by 33–35% compared to 2005. This paper analyzes how India’s NDC commitments compare with emission trajectories consistent with well below 2 °C and 1.5 °C global temperature stabilization goals. A top-down computable general equilibrium model is used for the analysis. Our analysis shows that there are significant emission gaps between NDC and global climate stabilization targets in 2030. The energy system requires significant changes, mostly relying on renewable energy and carbon capture and storage (CCS) technology. The mitigation costs would increase if India delays its abatement efforts and is locked into NDC pathways till 2030. India’s GHG emissions would peak 10 years earlier under 1.5 °C global temperature stabilization compared to the 2 °C goal. The results imply that India would need financial and technological support from developed countries to achieve emissions reductions aligned with the global long-term goal.

Keywords: NDC; computable general equilibrium model; 1.5 °C target; India (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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