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A coal economy to a green economy

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Financial Express

A coal economy to a green economy

Published on: August 31, 2022

Chandra Bhushan Chandra Bhushan

Just energy transition’ must Shape net-zero pathways for fossil-fuel-dependent districts.

In the last 18 months, several modelling studies have been published on the costs and benefits of net zero emissions in India. A few days back, another modelling study was published, which projected that India will require an economy-wide investment of $10.1 trillion to achieve its net zero targets by 2070. But this will have significant gains, as it would boost annual GDP by 4.7% by 2036 and create 15 million new jobs by 2047. The benefits are even greater if India reaches net zero by 2050, says the study. In the words of Jayant Sinha, Member of Parliament, like previous modelling studies, this too predicts that “Net Zero is Net Positive” for India.

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