Geneva / New Delhi: India Dekarbonization Travel represents up to $ 15 trillion in economic opportunities in 2070 with the potential to create as many as 50 million new jobs clean, said the World Economic Forum report (WEF) released on Monday.
Report Mission 2070: New Green Agreement for Net-Zero India ‘provides a road map for Indian transition to a low-carbon economy while moving away from agriculture and services to greener manufacturing and economics.
“With shared action, the first USD 1 trillion of this opportunity has the potential to be realized in this decade.
Remembering this context, this is the time for a new green agreement for India,” he said.
Published in collaboration with Kearney and the Observer Research Foundation, the report underlines the potential to save lives, cemeterine the new industry, create employment and increase Indian contributions to overcome climate change.
At the United Nations Climate Change Conference (COP26) in Glasgow, Prime Minister Narendra Modi has conducted India to the five sections ‘promise of Picamrit’ which is an important foundation of the global pathway to achieve the ambition of Global Warming Target 1.5 degrees Celsius.
, said the world economic forum.
“How India continues to provide energy growth and security to its citizens while ensuring transition to zero-zero and green economy will define our collective success in global fight against climate change,” said Sriram Gutta, Deputy Head, India and South Asia, World Economic Forum.
“We call on the government, business, and civil society to work with us to accelerate climate action and ensure a good future for people and planets,” Gutta said.
The report highlights five sectoral pillars and four cross-sectoral enablers for India to maximize the opportunities presented by new green agreements, with the potential to create more than 50 million new jobs and more than USD 15 trillion in 2070.
Five pillars, mobility, mobility Industry, infrastructure and cities, and agriculture – contribute to more than 90 percent of Indian greenhouse gas emissions, he said, adding India needs to overcome these pillars, along with four cross-sectoral supporters, as part of a green transition.
This enabler is – an accelerated approach to green technology innovation, a comprehensive framework for cemeterializing green finance, an integrated approach to carbon capture, utilization and storage, and climate adaptation plans.
The five pillars and four enablers depend on sustainable Indian economic growth, driven by technological developments, financial innovation and strong political leadership, the WEF report said.
“This report visualizes India to the first USD 5 trillion in the world and after that the economy is’ off-carbon,” Samir advice, the President, said observer foundation.
“In the front decade, we all have to work together on the sectoral and geographical path to build a green continental child.” Viswanathan Rajendran, partner, Kearney India said that India needs to act on two transformations – economic transformation to encourage prosperity and green transformation to encourage sustainability.
“Our research shows that both of them do not need conflict.
Actually, Indian green transitions may be the most feasible way to trigger its economic aspirations,” said Rajendran.
The report said the new green agreement for India would need all stakeholders, the private sector, investors and civil society – to move forward and catalyze the next green revolution.
India said had the opportunity to take courage to achieve strong, fair and shared growth, and prevent the worst impact of a changing climate.
PTI AG NSD.