Economic impacts of low-carbon policies
Meeting India’s short- and long-term climate commitments made at COP26 entails a complete economic transformation, which can have considerable developmental tradeoffs. Many long-term energy and climate models that project low-carbon pathways for the country consider the gross domestic product (GDP) to be exogenously driving growth in various sectors. However, low-carbon policies or technologies will also impact GDP, as well as other economic variables like employment and income. To ensure an equitable transition to net zero, without compromising on the development objectives, it is important to understand the multiplier impacts (or spillover effects) of low-carbon interventions on the economy.
Related Content
- Informing national climate action with the green economy model: a technical description of the structures and processes
- Challenges and policy implications of a low carbon pathway for Odisha
- Shifting finance in South Africa to support a just energy transition
- Adapting to the impacts of extreme heat on Bangladesh’s labour force
- Vietnam country climate and development report