In­dia 4th high­est emit­ter of CO2


Financial Chronicle - - MISCELLANY - FC BU­REAU

As­tudy has said In­dia is the fourth high­est emit­ter of car­bon diox­ide in the world, ac­count­ing for 7 per cent of global emis­sions in 2017.

The top four emit­ters in 2017, which cov­ered 58 per cent of global emis­sions, were China (27 per cent), the US (15 per cent), the Euro­pean Union (10 per cent) and In­dia (7 per cent), ac­cord­ing to the pro­jec­tion by the Global Car­bon Project.

The rest of the world con­trib­uted 41 per cent last year, it said.

In­dia's emis­sions look set to con­tinue their strong growth by an av­er­age of 6.3 per cent in 2018, with growth across all fu­els — coal (7.1 per cent), oil (2.9 per cent) and gas (6 per cent), the study said Wed­nes­day.

The top 10 emit­ters were China, the US, the EU, In­dia, Rus­sia, Ja­pan, Ger­many, Iran, Saudi Ara­bia and South Korea.

The study also said the In­dian emis­sions were pro­jected to grow 2 per cent in 2017, com­pared to 6 per cent per year av­er­aged over the pre­vi­ous decade, due to sig­nif­i­cant gov­ern­ment in­ter­ven­tions in the econ­omy.

In In­dia, emis­sions are ex­pected to grow by a solid 6.3 per cent in 2018, pushed by strong eco­nomic growth of around 8 per cent per year.

"Coal is still the main­stay of the In­dian econ­omy, and as in China, it will be a chal­lenge for so­lar and wind to dis­place coal, given the strong growth in en­ergy use," it said.

It also said that al­though global coal use is still 3 per cent lower than its his­tor­i­cal high, it is ex­pected to grow in 2018, driven by growth in en­ergy con­sump­tion in China and In­dia.

The emis­sions in the rest of the world — re­main­ing 41 per cent of global emis­sions — are ex­pected to grow by 1.8 per cent in 2018.

This group is of mainly de­vel­op­ing coun­tries and the five coun­tries con­tribut­ing most to the growth in this group­ing in the last decade are Saudi Ara­bia, Iran, Turkey, Iraq and South Korea, the study said.

China, In­dia and the Euro­pean Union are set­ting the pace. These re­gions rep­re­sent 40 per cent of global car­bon emis­sions. They are set to achieve more than what they agreed to in the first round of Paris Agree­ment in 2015, it said.

Their lead­ers can step up and an­nounce even bolder pro­grammes at the UN sum­mit in Septem­ber, 2019, to re­view the com­mit­ments made dur­ing Paris Agree­ment, it said.

The study said that while China and In­dia still rely heav­ily on coal, the US and the EU are slowly de­car­bon­is­ing. In­dia can con­tinue to de­ploy so­lar farms, lever­ag­ing its lead­er­ship of the In­ter­na­tional So­lar Al­liance to dis­place coal and clean up its smog-choked cities. By 2020, In­dia can an­nounce its own fos­sil­fuel exit strat­egy and a tar­get date for its peak CO2 emis­sions, the study said.

The study warned that the global emis­sions of car­bon diox­ide from fos­sil fu­els and in­dus­try are pro­jected to rise for the sec­ond con­sec­u­tive year in 2018, by more than 2 per cent to a new record, mainly due to sus­tained growth in oil and gas use.

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