Costs and benefits of climate transition in India very unevenly distributed: Study

Updated: Jun 2 2023 12:24PM

New Delhi, Jun 2 (PTI) The estimated costs and benefits of climate transition in India are very unevenly distributed across regions, according to a study which calls for urgent policy instruments to compensate for this disparity.

The researchers noted that India is taking the first steps towards a climate transition with volume targets for the upscaling of renewable energies, a modest turnaround in coal-fired power generation, and plans for carbon pricing in the form of emissions trading.

"This huge country with its 29 federal states and seven union territories already has large regional wealth disparities," said Jose Ordonez, who led the study as part of his doctoral thesis at Mercator Research Institute on Global Commons and Climate Change (MCC) in Germany.