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1. Indian Carbon Market Simulation Training Exercise Report

Author:
Josh Margolis
Publication Date:
06-2023
Content Type:
Special Report
Institution:
Asia Society
Abstract:
The Asia Society Policy Institute (ASPI) in partnership with Josh Margolis and the Council of Environment, Energy and Water (CEEW), conducted carbon market simulation training exercises in Delhi, Ahmedabad, and Mumbai, India. This training — conducted in February 2023 — was aimed at equipping stakeholders from enterprises, government, and civil society with core knowledge and skills relating to emissions trading systems (ETSs). The workshops significantly improved the ETS literacy of the participants, laid the foundation for future engagements, and increased the number of participants who believe that an ETS would be "very useful" or "indispensable" for India to achieve its Nationally Determined Contribution. This Indian Carbon Market Simulation Training Exercise Report summarizes the details and results of the workshops. The report includes participant demographics, how the training was conducted, ETS knowledge gained as a result of the exercise, as well as the outcomes of the training, lessons learned, and next steps for consideration.
Topic:
Markets, Carbon Emissions, and Simulation
Political Geography:
India and Asia

2. Getting India to Net Zero

Author:
Asia Sociey
Publication Date:
08-2022
Content Type:
Special Report
Institution:
Asia Society
Abstract:
At the World Leaders Summit at COP26 in Glasgow in November 2021, India’s Prime Minister Narendra Modi surprised the world by announcing that India will achieve net zero emissions by 2070. PM Modi also announced a series of updates to India’s 2030 targets in his five-part panchamrit on climate while offering a vision of sustainable lifestyles. Together, these updated pledges — which India has recently moved toward formalizing under the UN process — reflect India’s political will to seek a cleaner development pathway in the face of projected rapid economic growth. India’s decision to step up on climate comes ahead of a pivotal moment for Asian and Indian leadership, especially with India assuming the G20 presidency in 2023 and the Asia Pacific Group hosting COP28. The new Getting India to Net Zero report from the High-level Policy Commission on Getting Asia to Net Zero explores how India can achieve net zero emissions in a manner that is beneficial to its economy, society, and place in the world. The Commission was launched in May 2022 under Asia Society Policy Institute and Asia Society President Kevin Rudd’s leadership to advance a powerful, coherent, and Paris-aligned regional vision for net zero emissions in Asia. Through research, analysis, and engagement, the Commission’s diverse set of recognized Asian and global leaders aim to provide recommendations for how Asia and key countries can realize net zero emissions, including how climate action can boost the region’s economy, trade, interconnectedness, and livelihoods. The report’s insights are informed by new modeling commissioned by the High-level Policy Commission to show the opportunities and tradeoffs associated with India’s options to meet its existing emissions reduction targets and increase its medium- and long-term ambition. As the report’s modeling illustrates, India’s decision to step up on climate is consistent with its long-term economic ambitions and interests. Achieving net zero emissions by 2070 could boost India’s economy by as much as 4.7 percent above projected baseline growth in GDP terms by 2036 — worth a total of US$371 billion — with long-run effects still maintaining 3.5 percent growth above baseline by 2060. Further policies could make net zero possible by mid-century and lead to even greater benefits. The Commission’s foreword translates these insights into actionable advice for India’s climate policy stakeholders to capitalize on the opportunities of net zero action while constructively addressing related challenges.
Topic:
Climate Change, Economy, Carbon Emissions, and Net Zero
Political Geography:
South Asia and India