Before Copenhagen meet Indian government projected a 20-25% reduction (From year 2005 level) in carbon emission by the year end 2020 under the U N framework, even though this commitment is not presently quantified. It is anticipated that Indian foreign policy has to face immense pressure from the international community to have quantified limitation or reduction commitments.
Developing countries have a parallel market for carbon trading among them with potential to implement it, especially among India and china, who are the largest sellers of carbon credits and Japan which is the largest buyer of the carbon credits
At the moment, India has drawn up a National Action Plan on Climate Change, which includes increasing solar power generation and other non conventional energy resources and improving energy efficiency.
To bring down carbon emission at the national level government will have to promote non conventional energy projects and plantation immensely and will be offering high incentives on the same. At present, India is largely agriculture and service sector based economy (which is low carbon intensive) but is expected to grow in manufacturing sector (which is high carbon intensive). And this growth might experience difficulties as a result of the new target.
Developing countries have a parallel market for carbon trading among them with potential to implement it, especially among India and china, who are the largest sellers of carbon credits and Japan which is the largest buyer of the carbon credits
At the moment, India has drawn up a National Action Plan on Climate Change, which includes increasing solar power generation and other non conventional energy resources and improving energy efficiency.
To bring down carbon emission at the national level government will have to promote non conventional energy projects and plantation immensely and will be offering high incentives on the same. At present, India is largely agriculture and service sector based economy (which is low carbon intensive) but is expected to grow in manufacturing sector (which is high carbon intensive). And this growth might experience difficulties as a result of the new target.
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