PM Modi’s green new deal could really work – here’s why: Bloomberg

(Mihir Sharma is a columnist and author of Restart: The Last Chance for the Indian Economy. The article first appeared in Bloomberg on August 28, 2021)

 

  • After making great strides in promoting renewable energy, India is once again being singled out as a global climate laggard. Its negotiators blocked agreement on tackling emissions at the G-20 meeting in Naples earlier this year, publishing an eye-catching dissent calling for the group to focus on bringing down high per-capita emissions in rich countries. India later skipped a ministerial meeting meant to prepare for the next global climate-change summit – the only one of 51 invitees to do so. Its leaders clearly resent pressure to set a date for reducing net carbon emissions to zero, as rival China has. The West’s focus on India’s lack of a net-zero target, however, may be misplaced. It risks missing a potentially major shift underway in the country.

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